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.
About Aker Carbon Capture (AKRCY)
Aker Carbon Capture ASA is a leading innovator in the carbon capture, utilization, and storage (CCUS) industry, dedicated to enabling large-scale industrial decarbonization. Headquartered in Norway, the company specializes in developing and deploying advanced carbon capture technologies to help industries reduce greenhouse gas emissions and achieve net-zero targets. Aker Carbon Capture's solutions address emissions from hard-to-abate sectors such as cement, waste-to-energy, bioenergy, and other process industries.
Core Business and Technology
The company’s flagship offering includes its modular Just Catch™ systems, which are designed to provide cost-efficient and scalable carbon capture solutions. These systems are pre-fabricated and standardized to minimize on-site installation time and costs, making them an attractive option for industries looking to decarbonize quickly and affordably. Aker Carbon Capture also provides large-scale, bespoke carbon capture solutions under its Big Catch portfolio, tailored to meet the needs of complex industrial facilities.
Aker Carbon Capture’s technologies are backed by extensive operational experience, with over 35,000 hours of testing on various flue gases globally. The company’s mobile test units allow clients to evaluate the feasibility of carbon capture at their facilities, ensuring scalability and reliability for large-scale implementation.
Strategic Partnerships and Market Position
Aker Carbon Capture has forged strategic alliances to accelerate the adoption of CCUS technologies. Its joint venture with SLB, named SLB Capturi, combines complementary expertise and resources to scale industrial decarbonization globally. SLB Capturi focuses on deploying modular and large-scale carbon capture projects, leveraging both companies' strengths to deliver innovative and cost-effective solutions.
Additionally, Aker Carbon Capture collaborates with global leaders like Microsoft and CO280 to explore opportunities in carbon dioxide removal (CDR) and digital traceability of carbon credits. These partnerships position the company as a key player in the voluntary carbon market and the broader decarbonization ecosystem.
Significance in the CCUS Industry
As industries face increasing regulatory and societal pressure to reduce emissions, Aker Carbon Capture plays a critical role in enabling sustainable transitions. The company’s projects, such as the Brevik carbon capture plant in Norway and the Twence waste-to-energy facility in the Netherlands, demonstrate its ability to deliver impactful, real-world solutions. These installations capture hundreds of thousands of metric tons of CO2 annually, contributing to global climate goals.
With a growing portfolio of projects across Europe and North America, Aker Carbon Capture is well-positioned to capitalize on the rising demand for CCUS technologies. Its focus on modularity, cost-efficiency, and strategic partnerships ensures its relevance in a rapidly evolving market.
Future Outlook
Aker Carbon Capture continues to innovate and expand its offerings, addressing emerging opportunities in biogenic CO2 removal and industrial decarbonization. Through its joint ventures and collaborations, the company is driving the commercialization of cutting-edge technologies while maintaining a strong commitment to sustainability. As the CCUS industry scales to meet global net-zero targets, Aker Carbon Capture remains a pivotal player in shaping its future.
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.
Aker Carbon Capture ASA reported its Q3 2024 results, showing a cash position of NOK 4.5 billion and equity of NOK 5.5 billion. The company posted a net loss of NOK 47 million for the quarter. Through its joint venture with SLB, now named SLB Capturi, where ACC holds a 20% stake, the company is advancing several major carbon capture projects. Notable developments include a new US-based project targeting 800,000 tonnes of CO2 capture annually and ongoing European projects in Norway, Denmark, and the Netherlands. The Board continues to evaluate future strategy and structure, with conclusions expected by Q1 2025.
Aker Carbon Capture ASA announced its second quarter 2024 results, highlighting the finalization of a joint venture (JV) with SLB. The JV aims to enhance industrial decarbonization through carbon capture technology. ACC ASA reported a gain of NOK 4.9 billion from the sale and ended the quarter with NOK 4.5 billion in cash.
CEO Valborg Lundegaard emphasized the JV's potential to scale industrial decarbonization and commercialize future technologies. ACC ASA retains a 20% stake in the JV, while SLB holds 80%. The new company will be based in Oslo.
The company saw significant market development, with active projects in Norway, Denmark, and the Netherlands, capturing up to 1 million tonnes of CO2 annually. Key projects include the Heidelberg Materials Brevik CCS in Norway, Ørsted's BECCS in Denmark, and the Twence project in the Netherlands.
Financially, ACC ASA ended with NOK 4.5 billion in cash and a solid equity position of NOK 5.5 billion. The board is defining future strategies, including the use of proceeds from the SLB transaction.
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