Welcome to our dedicated page for Aker Carbon Capt news (Ticker: AKRCY), a resource for investors and traders seeking the latest updates and insights on Aker Carbon Capt stock.
Overview of Aker Carbon Capture
Aker Carbon Capture (AKRCY) is a pioneering company in the industrial decarbonization space, specializing in the development and deployment of advanced carbon capture solutions. With a strong emphasis on modular, transportable technology, the company addresses the critical challenge of reducing CO2 emissions from hard-to-abate industries. Their innovative offerings, such as the proven modular capture systems, integrate seamlessly with industrial processes and offer flexibility, scalability, and efficient installation across diverse markets.
Core Technologies and Business Model
At the heart of Aker Carbon Capture’s operations is their commitment to using state-of-the-art carbon capture technology to support industrial decarbonization. The company’s modular systems are designed to be rapidly deployed and adapted for different types of flue gases, making them ideal for industries ranging from cement and waste-to-energy to pulp and paper and metallurgical processes. Revenue is generated primarily through project-based engagements including feasibility studies, engineering design, and the installation of complete CO2 capture solutions.
Strategic Partnerships and Global Collaborations
Aker Carbon Capture’s established reputation is further enhanced through its strategic partnerships and joint ventures. A recent notable collaboration with SLB has led to the formation of a joint venture that aims to commercialize an array of carbon capture technologies on a global scale. Moreover, alliances with industry giants such as Microsoft and CO280 underscore the company’s capability to integrate digital technologies with physical capture solutions, ensuring traceability and high-integrity carbon credits in the voluntary market. These collaborations provide the company with a robust platform to scale its operations and extend its reach across international markets.
Market Position and Industry Impact
Operating in a competitive yet fast-growing industrial decarbonization market, Aker Carbon Capture is recognized for its expertise in delivering cost-efficient and adaptable carbon capture systems. The company’s operational footprint spans multiple regions including Europe and North America, where it has implemented several large-scale projects. Through its mobile test units and scalable technologies, Aker Carbon Capture has consistently demonstrated its ability to meet the evolving needs of industrial clients seeking to reduce greenhouse gas emissions.
Technology and Innovation
Central to the company’s success is its advanced modular technology that allows for both onsite adaptability and ease of transport. The systems are engineered to work across different applications by adjusting to varied flue gas compositions. In addition to physical capture solutions, the company embraces digital innovation to ensure data integrity and seamless process monitoring—factors crucial for verifying carbon credits and ensuring compliance with environmental standards. This technical rigor affirms its commitment to delivering proven, reliable solutions.
Operational Excellence and Value Proposition
Aker Carbon Capture stands out for its clear focus on operational excellence. The company leverages extensive field experience and over 35,000 operating hours on various flue gases to continually refine its capture processes. Its value proposition lies in offering a complete, integrated approach to carbon capture—from design and testing to full-scale implementation—which results in improved process efficiency and cost-effectiveness for its customers. This level of expertise and commitment underlines their authoritative position within the carbon capture and CCUS industry.
Key Highlights:
- Innovative Modular Systems: Rapid deployment, flexibility, and scalability are central to their technology, reducing on-site installation time and enhancing overall project efficiency.
- Robust Strategic Alliances: Joint ventures and collaborations with global leaders create a diversified technological and operational platform, expanding market reach and capability.
- Proven Track Record: Extensive real-world testing and successful implementation in various industrial sectors demonstrate their ability to deliver sustainable carbon capture solutions reliably.
- Integrated Engineering Expertise: Combining advanced engineering with digital tracking and process optimization provides a holistic approach to reducing greenhouse gas emissions.
This comprehensive approach makes Aker Carbon Capture an integral player in the ongoing industrial transformation towards a low-carbon economy. By focusing on delivering tangible, scalable carbon capture solutions, the company helps industry stakeholders achieve notable reductions in CO2 emissions, thereby supporting broader environmental and operational objectives without compromising on performance or efficiency.
Aker Carbon Capture has announced its dividend distribution, with shareholders receiving NOK 4.82 per share as of the ex-dividend date on March 10, 2025. The dividend is denominated in Norwegian Krone (NOK).
Aker Carbon Capture ASA held an extraordinary general meeting on March 7, 2025, conducted digitally with online participation. The meeting approved all proposed resolutions, including a significant share capital reduction and a dividend distribution of NOK 5.80 per share.
The dividend will be paid in two installments: NOK 4.82 per share to shareholders registered as of March 11, 2025, and NOK 0.98 per share to shareholders registered as of April 29, 2025, subject to the completion of the capital reduction. The creditor notice period for the share capital reduction is expected to run from March 10, 2025, to April 22, 2025.
Aker Carbon Capture ASA has announced an extraordinary general meeting scheduled for March 7, 2025, at 12:00 (CET). The meeting will be conducted virtually through Lumi AGM, focusing on a proposed capital reduction and dividend distribution based on an audited interim balance sheet.
Shareholders can participate, vote, and ask questions using various electronic devices. While pre-registration isn't required, shareholders are encouraged to register by March 5, 2025, at 23:59 (CET). The same deadline applies for advance votes and proxies. Attendees must log in before the meeting starts to participate in voting.
The company has provided essential documents including the meeting notice, proxy form, board's proposed resolutions, audited interim balance sheet as of December 30, 2024, and auditor's confirmation regarding coverage after capital reduction.
Aker Carbon Capture ASA reported strong financial results for Q4 2024, with a net profit of NOK 21 million, cash position of NOK 4.6 billion, and equity of NOK 5.5 billion. The Board has proposed an extraordinary cash dividend of NOK 5.80 per share, totaling NOK 3.5 billion.
The company's joint venture, SLB Capturi, achieved several significant milestones: completing the world's first full-scale carbon capture facility at Heidelberg Materials Brevik cement plant in Norway, winning an EPCIC contract for Hafslund Celsio's waste-to-energy facility in Oslo, and successfully commissioning its first modular carbon capture plant at Twence's facility in Netherlands.
SLB Capturi is also executing multiple projects across Europe, including the deployment of five Just Catch systems at Ørsted's biomass-to-energy sites in Kalundborg, Denmark, designed to capture 500,000 tonnes of CO2 annually.
Aker Carbon Capture has announced plans for an extraordinary dividend distribution to shareholders. The company's Board of Directors has proposed a total dividend of NOK 5.80 per share, to be paid in two installments: NOK 4.82 in March 2025 and NOK 0.98 in May 2025.
The March 2025 dividend payment is subject to approval at the extraordinary general meeting (EGM) scheduled for March 7, 2025. Key dates for the March dividend include: last day including right (March 7), ex-date (March 10), record date (March 11), and payment date (around March 19, 2025).
Aker Carbon Capture ASA has announced details of its proposed extraordinary dividend payment scheduled for May 2025. The Board of Directors has proposed a total dividend of NOK 5.80 per share, to be paid in two installments: NOK 4.82 per share in March 2025 and NOK 0.98 per share in May 2025.
The May 2025 dividend payment is subject to approval at the extraordinary general meeting (EGM) expected on March 7, 2025, and completion of a proposed capital reduction. Key dates for the May dividend include: last day including right (April 25, 2025), ex-date (April 28, 2025), record date (April 29, 2025), and payment date (May 7, 2025).
Aker Carbon Capture ASA (ACC ASA) has proposed an extraordinary cash dividend of NOK 5.80 per share, totaling NOK 3.5 billion. This follows the completion of a transaction in June 2024 where ACC ASA combined its carbon capture business with SLB in a joint venture, now called SLB Capturi, with ACC ASA retaining a 20% stake and SLB holding 80%.
The dividend will be distributed in two tranches: NOK 4.82 per share payable to shareholders as of March 7, 2025, and NOK 0.98 per share payable to shareholders as of April 25, 2025. The company booked a gain of NOK 4.9 billion from the sale in its consolidated accounts. The Board has also proposed reducing the company's share capital by approximately 98% to align with current operations.
Aker Carbon Capture (AKRCY) announced that SLB Capturi and Aker Solutions have secured an EPCIC contract from Hafslund Celsio to implement a carbon capture solution at their waste-to-energy facility in Klemetsrud, Oslo. The project, part of Norway's Longship carbon capture and storage initiative, includes delivering a carbon capture plant, liquefaction system, and storage facilities.
The facility will capture 350,000 metric tons of CO2 annually when operational, expected by Q3 2029. The project utilizes SLB Capturi's modularized Just Catch 400 unit, chosen for its space-efficient design and cost-effectiveness. The CO2 will be transported from Oslo harbor to the Northern Lights permanent storage facility on the Norwegian continental shelf.
Aker Carbon Capture ASA (AKRCY) has announced the successful completion and handover of its first modular carbon capture plant through SLB Capturi, a joint venture in which AKRCY holds a 20% stake while SLB owns 80%. The plant, located at Twence's waste-to-energy facility in Hengelo, Netherlands, utilizes the standard, modular Just Catch™ design.
The facility has the capacity to capture up to 100,000 metric tons of CO2 annually and represents a significant advancement in cost-efficient decarbonization. The captured CO2 will be utilized in the horticulture and food and beverage industries. The modular design reduces onsite installation and outfitting work, making it more cost-effective and easier to deploy compared to other market alternatives.
Aker Carbon Capture ASA announces the mechanical completion of the world's first full-scale carbon capture facility at the Heidelberg Materials Brevik cement plant in Norway. The facility, designed to capture 400,000 metric tons of CO₂ annually, is being delivered through SLB Capturi, a joint venture in which ACC ASA holds a 20% stake alongside SLB's 80% ownership. The project is part of Norway's Longship CCS value chain development and is scheduled to become operational by 2025, following the commissioning phase.
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