Picture of Aker Carbon Capture ASA logo

ACC Aker Carbon Capture ASA News Story

0.000.00%
no flag iconLast trade - 00:00
IndustrialsHighly SpeculativeMicro CapValue Trap

Aker Carbon Capture eyes CCS project at waste-to-energy plant

OSLO, Feb 2 (Reuters) - Norway's Aker Carbon Capture
 ACC-ME.OL  said on Tuesday it would explore developing a
full-scale carbon capture and storage (CCS) project at a
waste-to-energy plant in Stavanger on the country's west coast.
    The project aims to capture up to 100,000 tonnes of CO2 per
year from the waste incineration plant which provides district
heating and electricity, according to Lyse, the regional energy
firm which owns the plant.
    Lyse sees CCS technology as a way to achieve its goal of
carbon neutral operations by 2030, contributing to the overall
reduction of the country's emissions.
    It could become the second project to capture CO2 emissions
at waste-to-energy plants in Norway, and the third onshore CCS
project in the country.
    Aker Carbon Capture is also involved in a project to capture
400,000 tonnes of CO2 emissions at a HeidelbergCement  HEIG.DE 
plant in Norway, the first such project in the world.  
    The cement project plans to store captured CO2 below the
North Sea seabed, at a site planned by Norway's Equinor
 EQNR.OL  and its partners Total  TOTF.PA  and Shell  RDSa.L .
    Called Northern Lights, the site is expected to start
operations in 2024, and will initially be able to store 1.5
million tonnes of CO2 annually.
    "The Northern Light project is a very natural partner for
us, however nothing is decided at the current time," Lyse said
in an email to Reuters when asked if the company planned to use
the storage as well.

 (Reporting by Nerijus Adomaitis
Editing by Alexandra Hudson)
 ((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters
Messaging: nerijus.adomaitis.thomsonreuters@reuters.net))

Recent news on Aker Carbon Capture ASA

See all news