STOCK TITAN

Aker Carbon Capture awarded study and test campaign from Wacker

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Aker Carbon Capture has been awarded a feasibility study and test campaign to explore CO2 emissions capture from WACKER's silicon production plant in Norway. WACKER aims to cut emissions by 50% by 2030 and achieve net zero by 2045. This collaboration highlights the importance of carbon capture technology in reducing greenhouse gas emissions.
Positive
  • None.
Negative
  • None.

OSLO, Norway, March 22, 2024 /PRNewswire/ -- Aker Carbon Capture has been awarded a feasibility study and an eight-months test campaign to explore the capture of CO2 emissions from WACKER's metallurgical-grade silicon production at the Holla plant in Kyrksæterøra, Norway. The German multinational chemical group has set a goal to halve its greenhouse gas emissions by 2030 and be net zero by 2045.

Silicon metal is one of WACKER's most important raw materials for producing two key products in its portfolio: silicones and hyperpure polysilicon. Currently, the silicon metal produced in Holla covers around one-third of demand at WACKER's sites in Germany.

"We are proud to collaborate with WACKER, a pioneer of modern chemistry, on their journey towards net zero. The test campaign will provide valuable learning for implementation of our carbon capture technology in a new industry. Additionally, the feasibility study will explore commercial application of the technology at the Holla plant", said Tove Ormevik, Director Delivery Functions and Aftermarket at Aker Carbon Capture. "Together, we see carbon capture as a significant opportunity to reduce Norway's CO2 emissions", she continued.

Reducing emissions from the process industry is an important contributor to meeting the Norwegian climate target of 55% GHG emissions reduction by 2030 relative to 1990 levels. According to Statistics Norway the process industry represents approximately 20% of the total Norwegian GHG emissions, with 12 million CO2e in 2022. The European Commission recently presented a 90% net GHG emissions reduction proposal compared to 1990 levels as the recommended target for 2040. Carbon capture, utilization and storage (CCUS) is a solution to significantly reduce emissions from hard-to-abate sectors, such as cement, waste incineration, bioenergy, and other process industries. 

Aker Carbon Capture's Mobile Test Unit is a complete CO2 capture plant that includes the company's advanced carbon capture technology, meaning that the results from test campaigns are scalable towards large scale plants. It is transportable, flexible and can operate on different flue gases. Aker Carbon Capture has more than 35,000 operating hours on different flue gases around the world. 

Media contact:
Marianne Stigset, mob: +47 41 18 84 82, email: marianne.stigset@akerhorizons.com

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

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-carbon-capture-asa/r/aker-carbon-capture-awarded-study-and-test-campaign-from-wacker,c3950030

The following files are available for download:

https://news.cision.com/aker-carbon-capture-asa/i/prwacker,c3281624

PRWacker

 

Cision View original content:https://www.prnewswire.com/news-releases/aker-carbon-capture-awarded-study-and-test-campaign-from-wacker-302096791.html

SOURCE Aker Carbon Capture ASA

FAQ

What project has Aker Carbon Capture been awarded?

A feasibility study and an eight-month test campaign to explore CO2 emissions capture from WACKER's silicon production plant in Norway.

What are WACKER's emission reduction goals?

WACKER aims to halve its greenhouse gas emissions by 2030 and achieve net zero emissions by 2045.

Why is carbon capture technology important in this collaboration?

Carbon capture technology is crucial in reducing greenhouse gas emissions, aligning with WACKER's sustainability goals.

What percentage of WACKER's demand does silicon metal from Holla cover?

Silicon metal produced in Holla covers approximately one-third of demand at WACKER's sites in Germany.

What is Aker Carbon Capture's Mobile Test Unit?

Aker Carbon Capture's Mobile Test Unit is a CO2 capture plant with advanced technology that can be scaled for large-scale operations.

AKER CARBON CAPTURE U/ADR

OTC:AKRCY

AKRCY Rankings

AKRCY Latest News

AKRCY Stock Data

Facilities Support Services
Administrative and Support and Waste Management and Remediation Services
United States of America
Lysaker