Capsol awarded study from cement producer in Europe

Capsol Technologies has been awarded an Engineering Services Agreement for a pre-FEED (Front-End Engineering Design) study for the CapsolEoP^® (end-of-pipe) carbon capture technology at a cement plant in Europe. The study is for a plant aiming to capture 600,000 tons of CO2 per annum. 

“With this award, we are building on our commercial traction within cement where Capsol has emerged as a preferred carbon capture technology provider. CapsolEoP® can operate with up to 50% lower energy use than traditional post-combustion technologies such as amines. This, together with reduced complexity, has the potential of reducing levelized capture costs by 20-60% for cement plant owners looking to decarbonize their operations,” said Johan Jungholm, Chief of Business Development of Capsol Technologies. 

Carbon capture is the most efficient solution to decarbonize cement production, where up to 60% of CO2 emissions come directly from the conversion of calcium carbonate to clinker, which is hard to abate with other measures. The International Energy Agency (IEA) has estimated that the cement industry will account for 170 million tons of captured CO2 in 2030, rapidly growing to 480 million tons in 2035 and 1.3 gigatons in 2050, paving the way towards a net zero future. 

Capsol's current project pipeline of large-scale cement projects in engineering study phases, and CapsolGo® demonstration campaigns have a total potential carbon capture capacity of around 8 million tons of CO2 annually. 

This study is already included in Capsol’s mature project pipeline as the company previously has delivered an engineering study for the specific cement plant. 

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For further information, please contact:
Ingar Bergh
Chief Financial Officer, Capsol Technologies ASA
+47 926 20 330

ingar.bergh@capsoltechnologies.com

 

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of accelerating the world’s transition to a net zero future. The technology combines inherent heat recovery and generation in a stand-alone unit based on a proven and safe solvent. Capsol’s technology is licensed either directly to customers or through industrial partners globally. The license fee is typically triggered by FID and paid over the construction period. Capsol’s key segments include cement, biomass, energy-from-waste and gas turbines.

Capsol Technologies is listed on Euronext Oslo Børs (ticker: CAPSL). For more information visit capsoltechnologies.com.