Aker Carbon Capture launches Carbon Capture as a Service

As part of the service, Aker Carbon Capture will deliver and operate the carbon capture facilities. Transport and storage will be embedded in the service through strategic partnerships.  As part of the service, Aker Carbon Capture will deliver and operate the carbon capture facilities. Transport and storage will be embedded in the service through strategic partnerships.  Interest from companies that want to reduce their industrial emissions has skyrocketed. However, to most of these clients,...

As part of the service, Aker Carbon Capture will deliver and operate the carbon capture facilities. Transport and storage will be embedded in the service through strategic partnerships. 

Interest from companies that want to reduce their industrial emissions has skyrocketed. However, to most of these clients, CCS is a new concept that requires large upfront investments and a variety of contracts and interfaces; from securing financing, to separate contracts for each step in the value chain as well as a number of contracts throughout the operational lifetime.

Aker Carbon Capture, building on more than 20 years of technology development and operational experience with CCS, will handle all interfaces and contracts as one single service, where the customer simply pays per tonnes CO2 captured.  

Through standardization with our Just Catch modular product, digitalization, and integrating the full value chain, Carbon Capture as a Service will not only accelerate the market, but also accelerate cost reductions.Aker Carbon Capture will remain a technology-driven innovator in the CCS space and maintain a capital-light business model. The required investments for building and owning the plants will be financed through a separate yield company to optimize the overall cost of capital. This yield company will be established by Aker Horizons, in cooperation with Aker Carbon Capture, and will invite third-party capital that has a long-term capital deployment perspective and shared view on the importance of decarbonization.

The new service is designed to accelerate deployment of CCS across industries.

"Many companies that want to reduce emissions through CCS have been held back by the complexity and commitment required to act. This is carbon capture made easy; commercially viable CCS," said Lundegaard.

Media contact:

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

Investor contact:

Christian Yggeseth
mob: +47 915 10 000
email: christian.yggeseth@akerhorizons.com

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https://news.cision.com/aker-carbon-capture-as/r/aker-carbon-capture-launches-carbon-capture-as-a-service,c3383412

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Investor contact:

Christian Yggeseth
mob: +47 915 10 000
email: christian.yggeseth@akerhorizons.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-carbon-capture-as/r/aker-carbon-capture-launches-carbon-capture-as-a-service,c3383412

The following files are available for download:

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-carbon-capture-as/r/aker-carbon-capture-launches-carbon-capture-as-a-service,c3383412

The following files are available for download: