CO2 Capsol expands its technology platform by including CO2 liquefaction. First order for a demonstration unit received from German energy company.
Oslo, Norway - 15 March 2023
CO2 Capsol has signed a rental and service contract with a major German energy
company for the delivery of a liquefaction unit that can be used together with
the CapsolGo® carbon capture demonstration unit. The project will be part of the
existing 12-month contract for delivery of two CapsolGo® demonstration campaigns
to the client, executed at one Energy-from-Waste (EfW) and one biomass-fired
Combined Heat and Power (CHP) plant. Simultaneously, CO2 Capsol also signed a
contract to build and deliver the unit.
CapsolGo® enables an easy and affordable way for large-scale CO2-emitters to
test and verify the effectiveness of CO2 Capsol’s Hot Potassium Carbonate (HPC)
technology on the client´s specific flue gas and processes, helping to
accelerate the decision processes towards full-scale carbon capture plants at
their facilities.
“Commercial CCUS (Carbon Capture Utilization and Storage) projects will almost
always require either compressed or liquid CO2 for storage or use. The
construction of a CapsolGo® liquefaction unit is in line with the overall
company technology strategy which focuses, among other, on the development and
integration of CO2 liquefaction concepts. This will enable emitters to receive
optimized proposals, minimizing the electricity consumption of the overall
system. It also ensures flexibility and efficiency to achieve CO2 output quality
required in the CCUS value chain for safe transportation, usage and long-term
storage. This step moves CO2 Capsol towards becoming a one stop shop for energy
efficient and environmentally friendly capture and liquefaction process design”,
says Cato Christiansen, Chief Technology Officer of CO2 Capsol.
In 2022, CO2 Capsol broadened its technology offering with the addition of
CapsolGo® and CapsolGT®. The expansion into services and design for CO2
liquefaction is based on demand from the industry and adds another valuable
component to CO2 Capsol’s technology platform.
The delivery of the unit to the client is expected in Q3 2023. The unit will
provide revenue from Q3 2023 and is expected to make positive contributions to
CO2 Capsol’s cashflow over the period of the first contract.
For further information, please contact:
Ingar Bergh
Chief Financial Officer
CO2 Capsol AS
+47 926 20 330
ingar.bergh@co2capsol.com
About CO2 Capsol
CO2 Capsol is a carbon capture technology provider with a goal to accelerate the
transition to a carbon negative future. The company’s energy efficient, cost
competitive and environmentally friendly solution is licensed out either
directly to customers or through industrial partners globally. Key target
segments include cement, biomass, energy-from-waste, power generation and large
industrial. CO2 Capsol is listed on Euronext Growth Oslo, Norway (ticker:
CAPSL). For more information visit co2capsol.com.
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