Fortum and Kvaerner Into a Memorandum of Understanding for Project Cooperation

"We are very excited to sign this MoU with a partner like Kvaerner to further strengthen Fortum's energy initiatives. One of the possible projects is carbon capture and storage (CCS) for Waste-to-Energy (WtE) plants. CCS is very well suited for combatting climate change and creating a cleaner world," says Fortum's President and CEO Pekka Lundmark. "We are very excited to sign this MoU with a partner like Kvaerner to further strengthen Fortum's energy initiatives. One of the possible projects is...

"We are very excited to sign this MoU with a partner like Kvaerner to further strengthen Fortum's energy initiatives. One of the possible projects is carbon capture and storage (CCS) for Waste-to-Energy (WtE) plants. CCS is very well suited for combatting climate change and creating a cleaner world," says Fortum's President and CEO Pekka Lundmark.

Fortum is driving the change towards cleaner energy, decarbonization, and more sustainable use of natural resources. We invest in CO2-free energy production and are active in piloting Carbon capture solutions and other initiatives to reduce CO2-emissions. Kvaerner is a valuable partner for potential future Fortum projects in our common efforts to mitigate climate change.

"Carbon capture and storage facilities will be a significant focus area for Kvaerner moving forward, and it is a great advantage for us to be partnering up with Fortum. We are excited to join them in accelerating the change by reshaping energy systems, improving resource efficiency and providing smart solutions for the future," says President and CEO in Kvaerner, Karl-Petter Løken.

Any future realisation of collaboration between the parties is subject to applicable statutory, contractual, or internal procurement regulations.

Fortum Corporation
Group Communications 

CONTACT:
Stian Mathisen
Communications Manager
+358-93-24-98-62
stian.mathisen@fortum.com

 

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