Aker Carbon Capture ASA Enters Liquidation: Key Financial Insights

In a significant development, Aker Carbon Capture ASA held its extraordinary general meeting on August 5, 2025, where a resolution was passed to liquidate the company. This decision marks a pivotal moment for the company, following years of operating in the carbon capture sector.

The Liquidation Process

According to the Norwegian Public Limited Liability Companies Act, the company's Board of Directors has prepared a liquidation balance sheet as of July 31, 2025. An audit of this balance sheet was conducted by the company’s auditor to ensure accuracy and compliance with required regulations. Both the liquidation balance sheet and the auditor’s report are available for stakeholders, and shareholders will receive this information ahead of the final liquidation process.

The main purpose of this liquidation is to manage the wind-up of the company’s affairs and ensure an orderly distribution of assets to shareholders. The initiative reflects the board's commitment to transparency and adherence to legal obligations during the liquidation period.

Financial Returns to Shareholders

Aker Carbon Capture ASA has returned NOK 5.2 billion in cash to its shareholders prior to the decision to liquidate. This substantial return showcases the organization's focus on providing value to its investors, even as it transitions out of operational activities.

After the extraordinary general meeting, the board resolved to initiate the process for further distribution of remaining funds as liquidation dividends. This decision underscores Aker’s commitment to ensuring that shareholders benefit from the assets available after liquidation costs and obligations are settled.

Historical Context

Established in 2020, Aker Carbon Capture ASA was designed as a pivotal player in the carbon capture technology field, building on over two decades of expertise within Aker. A significant joint venture was formed in June 2024 with SLB, designed to enhance operations and strategy in carbon capture technologies. In this venture, SLB held an 80% stake, while Aker maintained a 20% interest through its subsidiary.

However, in May 2025, Aker Capital AS acquired the 20% stake previously held by Aker Carbon Capture ASA's subsidiary in SLB Capturi AS, effectively removing Aker Carbon Capture ASA from active investment or operational enterprises. This shift indicated a clear strategic pivot towards liquidating the company rather than continuing in the carbon capture sector, which has seen its share of challenges amid fluctuating market conditions.

Moving Forward

As Aker Carbon Capture ASA heads into complete liquidation, this process will not involve any resumption of operational activities. The finalized liquidation balance sheet will simplify the winding down of the company and facilitate a clear path for dividend distribution to shareholders.

The company’s experience serves as a reminder of the volatile nature of the carbon industry as it grapples with ongoing political, financial, and environmental pressures. Moving forward, stakeholders will watch closely how these developments could influence the broader sector and future investments in carbon capture technologies.

With the liquidation process underway, created with the intention of protecting shareholder interests, Aker Carbon Capture ASA remains a key case study in corporate transitions and governance during challenging economic landscapes.