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Aker Carbon Capture selected by Viridor as partner on pre-FEED study for Runcorn CCS

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Aker Carbon Capture will assist Viridor with a pre-FEED study for the Runcorn CCS project located near Liverpool, aiming to capture 1 million tonnes of CO2 annually. This project marks a significant step towards large-scale carbon capture at energy-from-waste facilities. Viridor, the UK's largest waste company, aims for net-zero waste by 2040 and will leverage this partnership to innovate in resource recovery and recycling. The collaboration builds on a prior MOU aimed at advancing the UK's decarbonization efforts through next-generation CCS technology.

Positive
  • Partnership with Viridor enhances Aker Carbon Capture's position in the CCS market.
  • Potential to capture 1 million tonnes of CO2 annually contributes to significant emission reductions.
  • Viridor's commitment to net-zero waste by 2040 aligns with Aker's sustainability goals.
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  • None.

OSLO, Norway, Dec. 7, 2022 /PRNewswire/ -- Aker Carbon Capture will support Viridor in the provision of a pre-FEED study for the Runcorn CCS project, which is located around 20 km from Liverpool. When in operation, the facility will be one of the first large scale carbon capture projects at an energy-from-waste facility in the world. The pre-FEED study explores the installation of a carbon capture plant in the HyNet cluster, part of the Department for Business, Energy, and Industrial Strategy (BEIS) Track 1 sequencing process, capturing around 1 million tonnes CO2 per annum.

"We are delighted to partner with Viridor on this exciting project that could realize major emission reductions in a hard to abate sector. Viridor is the largest waste company in the UK. Given its ambitious decarbonization targets, it can play an instrumental role in helping reach Britain's climate goals, and together we see CCS as a great opportunity to create green jobs in the UK," said Valborg Lundegaard, Chief Executive Officer at Aker Carbon Capture.

Viridor has a publicly committed plan to become the first net zero waste company by 2040 by implementing CCUS and the extraction of plastic from residual waste streams for more circular recycling.

Kevin Bradshaw, Chief Executive Officer at Viridor, commented: "Our vision for Viridor is to be the UK's leading innovator in resource recovery and recycling to deliver a climate positive future. This collaboration with Aker Carbon Capture to bring our combined focus on the delivery of CCUS at Runcorn targets a significant milestone in realizing that vision."

This collaboration builds on the Memorandum of Understanding (MOU) that Viridor and Aker Carbon Capture signed last year. In this MOU, both parties announced plans to help the UK accelerate its decarbonization agenda through a partnership for next-generation CCS.

Energy from waste with CCS could play a leading role in the UK's decarbonization efforts. If all facilities in the UK were fitted with CCS, approximately five million tonnes of negative emissions could be stored each year. At Runcorn CCS, around half of the waste originates from biogenic sources, enabling half a million tonnes of negative emissions, effectively removing these from the atmosphere.  

"The potential to implement CCS at energy-from-waste facilities in the UK and help deliver deep decarbonization is massive. Today, Aker Carbon Capture is already building a carbon capture facility at Twence's waste to energy plant in the Netherlands, a first-of-a-kind standardized design. At the Runcorn facility, Viridor will benefit from modularity in the Aker Carbon Capture Big Catch portfolio, reducing complexity and cost," concludes Lundegaard.

Media contacts:
Aker Carbon Capture:
Yannick Vanderveeren, mob: +47 458 36 358, email: yannick.vanderveeren@akercarboncapture.com
Viridor: communications@viridor.co.uk

Investor contacts
David Phillips, mob: +44 7710 568279, email: david.phillips@akercarboncapture.com
Christian Yggeseth, mob: +47 915 10 000, email: christian.yggeseth@akerhorizons.com

The following files are available for download:

https://news.cision.com/aker-carbon-capture-as/i/viridor,c3121536

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Cision View original content:https://www.prnewswire.com/news-releases/aker-carbon-capture-selected-by-viridor-as-partner-on-pre-feed-study-for-runcorn-ccs-301696777.html

SOURCE Aker Carbon Capture AS

FAQ

What is the purpose of the Aker Carbon Capture and Viridor partnership for the Runcorn CCS project?

The partnership aims to conduct a pre-FEED study for capturing approximately 1 million tonnes of CO2 annually at the Runcorn CCS project.

When was the press release about the Runcorn CCS project published?

The press release was published on December 7, 2022.

What are the long-term goals of Viridor regarding carbon capture and waste management?

Viridor aims to become the first net-zero waste company by 2040, implementing carbon capture and utilizing waste for more circular recycling.

How does the Runcorn CCS project contribute to the UK's decarbonization efforts?

The Runcorn CCS project is expected to capture significant CO2 emissions, thus aiding the UK's goal of reducing emissions through energy-from-waste facilities.

What is the stock symbol for Aker Carbon Capture?

The stock symbol for Aker Carbon Capture is AKRCY.

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