Aker Carbon Capture Selected by Viridor as Partner for Accelerating Decarbonization at Multiple Waste to Energy Sites in the UK

"We are delighted to partner with Viridor on projects that could realize major emissions reductions in a hard to abate sector like waste-to-energy by 2030," said Valborg Lundegaard, Chief Executive Officer of Aker Carbon Capture. "Our modular carbon capture plants are designed for fast delivery and easy hook-up, and together with our partners we see this as a great opportunity to contribute to reaching climate goals and creating green jobs in the UK."  "We are delighted to partner with Viridor...

"We are delighted to partner with Viridor on projects that could realize major emissions reductions in a hard to abate sector like waste-to-energy by 2030," said Valborg Lundegaard, Chief Executive Officer of Aker Carbon Capture. "Our modular carbon capture plants are designed for fast delivery and easy hook-up, and together with our partners we see this as a great opportunity to contribute to reaching climate goals and creating green jobs in the UK." 

This announcement is the latest phase of Viridor's sector-leading decarbonization plan. In May 2020 Viridor outlined a five-step action plan to net zero emissions by 2040, and the ambition to be the first net negative emissions waste and recycling company in the UK by 2045. 

 "Viridor stands ready to invest in developing world-leading carbon capture technology," said Kevin Bradshaw, CEO of Viridor, which is majority owned by investment company KKR. "This will support our company and sector to decarbonize, as we have committed to do. But first of a kind technology projects on this scale require genuine partnership between the public and private sectors. Government policy support for waste management facilities to participate in industrial carbon capture schemes will be vital for us to keep progressing our plans."

The partners look forward to collaborating and maturing the opportunities in the rapidly evolving market for CCUS in the UK.

"The UK has set out a globally leading ambition on CCUS and has the natural resources to make this a reality, which was instrumental in attracting Aker Carbon Capture to partner with Viridor in this market," said David Phillips, Head of UK at Aker Carbon Capture. 

CONTACT:

Media contact:
Ivar Simensen, mob: +47 464 02 317, email: ivar.simensen@akerhorizons.com

Investor contacts:
Christian Yggeseth, mob: +47 915 10 000, email: christian.yggeseth@akerhorizons.com
David Phillips, mob: +44 7710 568279, email: david.phillips@akercarboncapture.com

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