#Shareholders #Norway #Liquidation #Fornebu #Aker Carbon

Aker Carbon Capture ASA Enters Liquidation: A Look at the Balance Sheet

On August 5, 2025, the extraordinary general meeting for Aker Carbon Capture ASA, a company under liquidation, produced significant resolutions regarding the future of the firm after extensive operations in the carbon capture sector. After thorough deliberations, the Board of Directors announced their decision to place the company into liquidation, prompted by several business adjustments and market dynamics that have reshaped the operational landscape.

Liquidation Balance Sheet

A substantial focus of the meeting involved the presentation of the audited liquidation balance sheet, effective as of July 31, 2025. The document encapsulates the company’s financial status, a routine step necessitated by the Norwegian Public Limited Liability Companies Act. Companies in liquidation are required to deliver a financial overview and an auditor's report to all shareholders, ensuring transparency during the winding-up process.

A copy of the liquidation balance sheet, along with the accompanying auditor's feedback, can be accessed through the company's registered office and distributed among shareholders, as mandated by law. This pivotal document reveals the final financial accounts before the company completely ceases operations, offering insights into assets, liabilities, and the cash position as the firm moves towards distribution of remaining funds.

Background of Aker Carbon Capture ASA

Founded in 2020, Aker Carbon Capture ASA emerged from over two decades of development in carbon capture technologies within the broader Aker ecosystem. The company aimed to lead in environmentally sustainable solutions amidst increasing demands for climate action. However, operational viability shifted post its alliance with SLB in a joint venture—SLB Capturi—where SLB held an 80% stake, significantly impacting Aker’s autonomy in decision-making and future investments.

The firm underwent shifts in ownership over the years, notably when Aker ASA, through its subsidiary Aker Capital AS, acquired the remaining 20% interest previously held by Aker Carbon Capture ASA in SLB Capturi AS, completed in May 2025. Following this acquisition, Aker Carbon Capture ASA ceased all engaging operations, heightening speculation about its financial future and the viability of continuing under its corporate structure.

Funds Distribution to Shareholders

To date, Aker Carbon Capture ASA has successfully returned NOK 5.2 billion to its shareholders. With the recent liquidation resolution, the company foresees the distribution of remaining funds as liquidation dividends to stakeholders. This financial maneuver represents the closing chapter of what was once heralded as a promising venture in carbon capture innovation.

Conclusion

As the firm navigates the final steps toward complete liquidation, the board ensures all assets are accounted for and obligations met. The thoroughness of the liquidation balance sheet serves not only as a financial statement but also as a historical document for stakeholders reflecting on the company's trajectory. The conclusion of Aker Carbon Capture ASA stands as a cautionary tale within the burgeoning field of environmental technology, delineating the complexities faced by firms endeavoring to innovate in an evolving regulatory and market environment.

This article aims to keep stakeholders, investors, and industry experts informed about the ongoing developments regarding Aker Carbon Capture ASA. For further inquiries, interested individuals can reach out to the company directly, as the opportunity for transparency remains a priority amid the liquidation process.