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Aker Carbon Capture's Q4 2024 Results

Aker Carbon Capture ASA (ACC ASA), a prominent player in the carbon capture industry, has showcased its strong financial performance for the fourth quarter of 2024. The company reported holding NOK 4.6 billion in cash, complemented by an equity position of NOK 5.5 billion. Furthermore, ACC ASA achieved a net profit of NOK 21 million during this quarter. This solid financial foundation underpins their extensive investments in pioneering carbon capture technologies.

On February 12, 2025, Aker Carbon Capture announced an extraordinary cash dividend of NOK 5.80 per share, amounting to a staggering total of NOK 3.5 billion. This move reflects the company's commitment to returning value to its shareholders while also making significant strides in its growth strategy.

SLB Capturi's Major Milestone

One of the most significant developments this quarter was the advancement of SLB Capturi, a joint venture between Aker Carbon Capture ASA and SLB. This partnership reached an important milestone with the mechanical completion of the world's first full-scale carbon capture facility at the Heidelberg Materials Brevik plant, located in Norway. The facility is set to transition into the commissioning phase with expectations for operational readiness by 2025.

Moreover, in January 2025, SLB Capturi secured an EPCIC contract with Hafslund Celsio AS for developing a carbon capture solution at the Klemetsrud waste-to-energy facility in Oslo. Such collaborations highlight their active pursuit of projects that promise not only technological advancements but also environmental benefits.

Earlier in January, the joint venture completed the commissioning of its first modular carbon capture plant at Twence's waste-to-energy facility in Hengelo, Netherlands, indicating significant progress in the roll-out of their innovative solutions.

Expanding Carbon Capture Initiatives in Europe

SLB Capturi remains engaged in various significant carbon capture initiatives across Europe. Noteworthy projects include the one in Kalundborg, Denmark, where five Just Catch systems are being deployed by Ørsted. These systems aim to capture an estimated 500,000 tonnes of CO2 annually, marking a critical part of Denmark's first full-scale carbon capture and storage (CCS) value chain implementation.

ACC ASA's approach reflects a blend of technological innovation and strategic collaborations that position them at the forefront of the carbon capture industry. The company was established as a distinct entity in 2020, capitalizing on over two decades of experience in carbon capture technology. Following their alliance with SLB, the joint venture has leveraged each partner's expertise to build a foundation for robust growth.

Looking Ahead

As Aker Carbon Capture continues to lead the charge in carbon capture technologies, their financial results underscore a business model poised for sustainability and profitability. Investors and environmental advocates alike are keenly observing the company’s next moves, especially with the upcoming operationalization of their innovative projects. With every step forward, Aker Carbon Capture ASA not only drives profit but also contributes to the global mission of carbon reduction and environmental sustainability.

For further inquiries about Aker Carbon Capture ASA and its initiatives, you can reach out to Mats Ektvedt at +47 41 42 33 28 or via email at [email protected]

Stay tuned for more updates as Aker Carbon continues to make waves in the industry and set benchmarks in carbon capture technologies.