Aker Carbon Capture and SLB Capturi Secure Major Carbon Capture Project in Norway
Major Carbon Capture Initiative in Oslo
Aker Carbon Capture ASA (ACC ASA) has recently made headlines with its announcement regarding a significant contract awarded to SLB Capturi and Aker Solutions. The collaborative effort between these two entities sets them on a groundbreaking path to deliver a comprehensive carbon capture solution at Hafslund Celsio’s waste-to-energy facility located in Klemetsrud, Oslo. This project not only underscores advancements in carbon capture technology but also signifies a strategic move toward a sustainable future in the energy sector.
The Project Overview
Hafslund Celsio is recognized as Norway's largest district heating supplier and operates the country’s most extensive waste-to-energy plant. The carbon capture initiative is a crucial component of Longship, the Norwegian government’s ambitious program aimed at establishing a full-value chain for carbon capture and storage.
The recently awarded EPCIC (engineering, procurement, construction, installation, and commissioning) contract involves the development of a state-of-the-art carbon capture plant along with a liquefaction system, temporary storage units, and a loading facility situated at the waste incineration site. Furthermore, the project plans to include an intermediate CO2 storage and ship loading system at the Oslo harbor, which plays a vital role in transporting the captured CO2 to the Northern Lights permanent storage facility located on the Norwegian continental shelf.
Once operational, anticipated by the third quarter of 2029, the plant is expected to have the capacity to capture approximately 350,000 metric tons of CO2 annually. This remarkable achievement aligns with global trends towards reducing carbon emissions and combating climate change.
Innovation and Cost-Effectiveness
The award of the contract comes on the heels of a detailed cost reduction phase, which examined various aspects of Hafslund Celsio’s project to identify potential efficiencies and optimizations. The innovative designs introduced by SLB Capturi have helped streamline the entire process, providing a space-efficient solution that reduces the necessary onsite footprint while enhancing installation and outfitting workflows.
Central to this project is the Just Catch 400 unit developed by SLB Capturi, which embodies a modularized design allowing for a more cost-effective approach to carbon capture. This technological advancement marks a significant milestone in the quest for sustainable energy solutions. The Just Catch design has proven vital in offering a viable pathway towards operational efficiency.
Sustainability and Future Implications
The implications of such a project extend beyond just the immediate benefits of carbon capture. By integrating cutting-edge technology in addressing one of the world’s pressing environmental challenges, Aker Carbon Capture and SLB Capturi underscore their commitment to sustainability and innovation.
As part of the Aker group, Aker Horizons plays a pivotal role in advancing renewable energies and sustainable industrial assets globally. With operations spanning five continents, the company is well-positioned to lead the charge in decarbonization efforts worldwide. The establishment of Aker Carbon Capture in 2020, rooted in over 20 years of experience in carbon capturing technologies, further consolidates their leadership in this sector.
Conclusion
The partnership between Aker Carbon Capture, SLB Capturi, and Hafslund Celsio sets a new standard for carbon capture systems in Norway and beyond. This strategic initiative not only highlights Norway’s leadership in sustainability but also strengthens the nexus between innovative technologies and environmental responsibility. As the world moves towards a greener future, projects like these are crucial in paving the way for the effective management of carbon emissions.
For more details, you can reach out to Jonas Gamre in Investor Relations or Mats Ektvedt in Media at Aker Horizons.