RCS - SigmaRoc PLC - Launch of carbon capture facility

SigmarocAnnouncement

22/06/2023 07:00

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RNS Number : 5174D  SigmaRoc PLC  22 June 2023

22 June 2023

 

(EPIC: SRC / Market: AIM / Sector: Construction Materials)

 

SIGMAROC PLC

 ('SigmaRoc', the 'Group' or the 'Company')

 

SigmaRoc's first carbon capture facility launched at Nordkalk's Köping site

SigmaRoc plc, the specialist quarried materials group, today announces that it
has successfully installed its first carbon capture unit at Nordkalk's site in
Köping in Sweden. The fully scalable carbon capture system, utilising
Aqualung's innovative membrane technology is the first-ever implementation of
its kind in the industry.

The carbon capture system has been developed by Aqualung Carbon Capture AS, a
leading provider of membrane-based carbon capture and separation technology
based in Norway.

Over the course of the last year, SigmaRoc have reviewed an array of
technologies including amine absorption, solid absorption, membrane and
cryogenic. The Aqualung membrane technology was considered as best suited for
the Group's operations based on the following factors:

-     Small footprint

-     Low capital expenditure

-     Low operating expenditure

-     Low complexity and environmentally friendly

-     Highly efficient

-     Highly favourable energy balance

-     Fully scalable and modular

The Aqualung module installed in Köping can capture up to 25% of the process
emissions emitted from a standard kiln process at Nordkalk and was initially
designed as a 'capture and release' system to demonstrate the durability and
efficiency of the membranes. The unit will also be connected to a pilot
purification module to simulate settings required to produce higher purities
of CO(2) for different end use applications that go beyond sequestration
requirements.

The Group is working with various businesses and solution providers with
regards to the end use of CO(2) including being involved with NICE (Norvik
Infrastructure CCS East Sweden) project to explore CO(2) utilisation options
with various partners.

Nordkalk also secured part-funding from the Swedish Energy Agency for the
implementation and scaling of the Köping carbon system with the intention to
capitalise on the learning from the engineering, commissioning, and operation
phase of the initial module.

The Group will continue to update on the progress as well as our roll-out plan
to implement the technology in all of Nordkalk's operating kilns by 2030.

Official Launch

An official launch took take place yesterday at Nordkalk's Köping site to
celebrate the significant step in the Company's evolution. National and
regional government representatives as well as customers, local communities
and other stakeholders were invited to look around the site.

Max Vermorken, CEO of SigmaRoc, commented:

"Alongside our fossil fuel replacement program where we have proven the
ability for 100% substitution; the carbon capture system represents a crucial
milestone in our journey towards achieving Net Zero by capturing our remaining
process emissions."

 

 

Henrik Utvik, Founder, President and CTO at Aqualung, commented:

"We are thrilled to unveil our first lime carbon capture plant with SigmaRoc.
The project is a crucial stepping-stone towards our ambitious goal of
large-scale carbon capture across a wide range of industries including lime,
cement, steel, and refineries."

 

Klara Helstad, Head of Sustainable industry at the Swedish Energy Agency
comments:

"This project, funded via the Industrial Leap, is an important step towards
the realisation of a full-scale value chain for carbon dioxide capture and
storage (CCS) - or utilisation (CCU) - at the Nordkalk Köping site. The
results can then be of use in future implementations at other industrial
sites"

 

Information on the Company is available on its website, www.sigmaroc.com
(http://www.sigmaroc.com) .

 

For further information, please contact:

 

 SigmaRoc plc                               Tel: +44 (0) 207 002 1080

 Max Vermorken (Chief Executive Officer)

 Garth Palmer (Chief Financial Officer)     ir@sigmaroc.com (mailto:ir@sigmaroc.com)

 Tom Jenkins (Head of Investor Relations)

 Liberum Capital (Co-Broker)                Tel: +44 (0) 203 100 2000

 Nick How / Jamie Richards / Ben Cryer

 Peel Hunt (Co-Broker)                      Tel: +44 (0) 20 7418 8900

 Mike Bell / Ed Allsopp

 

About Sigmaroc plc

SigmaRoc PLC is an AIM-listed buy-and-build group targeting construction
materials assets in the UK and Northern Europe. It seeks to create value by
purchasing assets in fragmented construction materials markets and extracting
efficiencies through active management and by forming the assets into larger
groups. It seeks to derisk its investments via strong asset backing at its
projects.

 

 

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