Aker Carbon Capture awarded feasibility study by major waste-to-energy player in France

Rhea-AI Summary

Aker Carbon Capture awarded feasibility study for carbon capture at waste-to-energy facility in France

Positive

• Aker Carbon Capture has been awarded a feasibility study to implement carbon capture at a waste-to-energy facility in France. The planned capture capacity will be approximately 200,000 tonnes CO2 per year.
• Year-to-date, Aker Carbon Capture has contracted studies, Mobile Test Unit campaigns, and pre-FEEDs for a combined capture capacity of 8.7 million tonnes of CO2 per year.
• France's CCUS Strategy aims to capture and store up to 8.5 million tonnes of CO2 emissions per year by 2030.

Negative

• None.

OSLO, Norway, Oct. 18, 2023 /PRNewswire/ -- Aker Carbon Capture has been awarded a feasibility study to implement carbon capture at a waste-to-energy facility in France. The planned capture capacity will be approximately 200,000 tonnes CO2 per year and will be based on two Just Catch 100 carbon capture units. Year-to-date, Aker Carbon Capture has now contracted studies, Mobile Test Unit campaigns and pre-FEEDs for a combined capture capacity of 8.7 million tonnes of CO2 per year.

"We are excited to be working on this decarbonization project, which will be Aker Carbon Capture's first study in France. Carbon capture, usage, and storage (CCUS) has been identified as playing a key role in France's goal to achieve Net-Zero greenhouse gas emissions by 2050", said Jon Christopher Knudsen, Chief Commercial Officer at Aker Carbon Capture. "To support project developers and scale up CCUS deployment, the government will launch a call for tenders through a Contracts for Difference scheme. We see a strong interest from French emitters, including waste-to-energy companies, to decarbonize through CCUS", continued Knudsen. 

In July of this year, France released its CCUS Strategy, as part of the government's efforts to reach carbon neutrality by 2050. According to the strategy, CCUS can have the potential to capture and store up to 8.5 million tonnes of CO2 emissions per year by 2030. A framework for CO2 transport will be developed, and geological storage sites will undergo pilot testing from 2024-2025. The annual greenhouse gas emissions in the waste management industry in France were at 18.09 million tonnes of CO2 in 2021. 

The study will assess the optimal CO2 capture, conditioning, and compression solution for a waste-to-energy facility. For this project, Aker Carbon Capture aims to deliver its standardized Just Catch modular product, incorporating the company's Energy Saver technology.

At Twence's waste-to-energy facility in the Netherlands, Aker Carbon Capture is currently delivering a Just Catch unit with a capacity of 100,000 tonnes CO2 per year. The company also started in May of this year the delivery of five Just Catch units to Ørsted's bioenergy facilities in Denmark, with a design capture capacity of 500,000 tonnes CO2 per year. These flagship projects contribute to the company's mission to serial produce carbon capture units providing cost and delivery benefits for the mid-scale emitter market.

Media contact:
Yannick Vanderveeren, mob: +47 458 36 358, email: yannick.vanderveeren@akercarboncapture.com

Investor contacts:
David Phillips, mob: +44 7710 568279, email: david.phillips@akercarboncapture.com

The following files are available for download:

https://news.cision.com/aker-carbon-capture-asa/i/pr181023,c3226277

PR181023

 

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SOURCE Aker Carbon Capture ASA

FAQ

What is Aker Carbon Capture awarded?

A feasibility study to implement carbon capture at a waste-to-energy facility in France.

What is the planned capture capacity?

Approximately 200,000 tonnes CO2 per year.

What is the combined capture capacity contracted by Aker Carbon Capture?

8.7 million tonnes of CO2 per year.

What is France's goal for greenhouse gas emissions?

To achieve Net-Zero greenhouse gas emissions by 2050.

What is France's CCUS Strategy?

A plan to capture and store up to 8.5 million tonnes of CO2 emissions per year by 2030.

What is the annual greenhouse gas emissions in the waste management industry in France?

18.09 million tonnes of CO2 in 2021.

What is Aker Carbon Capture's mission?

To serial produce carbon capture units providing cost and delivery benefits for the mid-scale emitter market.