SLB Capturi powers up its first modular carbon capture plant

Rhea-AI Summary

SLB (NYSE: SLB) announced the completion and handover of its first modular carbon capture plant at Twence's waste-to-energy facility in Hengelo, Netherlands. The plant, built by SLB Capturi, features the standard, modular Just Catch™ design and has the capacity to capture up to 100,000 metric tons of CO2 annually.

The captured CO2 will be utilized in the horticulture and food and beverage sectors. The modular design reduces onsite installation and outfitting work, offering a more cost-efficient and easier-to-deploy solution compared to market alternatives. The plant will begin supplying CO2 to the greenhouse horticulture sector in spring.

Positive

• Implementation of new revenue stream through CO2 capture and sale
• Successfully commissioned first modular carbon capture plant
• Cost-efficient design with reduced installation requirements
• Secured commercial application for captured CO2 in horticulture and F&B sectors

Negative

• None.

Insights

Environmental Technology Analyst

The successful deployment of SLB Capturi's first modular carbon capture plant represents a strategic advancement in the $7 billion global carbon capture market. The Just Catch™ technology's modular approach addresses two critical market barriers: high installation costs and complex deployment processes. This positions SLB to potentially capture a significant share of the rapidly expanding industrial carbon capture market, projected to reach $14.2 billion by 2030.

The partnership with Twence serves as a important proof-of-concept for several reasons:

• The 100,000 metric ton CO2 capture capacity demonstrates commercial-scale viability
• The successful integration with a waste-to-energy facility proves adaptability to existing industrial infrastructure
• The creation of a circular economy through CO2 utilization in horticulture and F&B sectors establishes a sustainable business model

From a market perspective, the modular design could accelerate SLB's ability to scale deployments across multiple industries. The standardized, prefabricated approach typically reduces installation costs by 30-40% compared to traditional custom-built solutions, while significantly shortening project timelines. This competitive advantage could be particularly valuable as carbon pricing mechanisms and emissions regulations become more stringent globally.

Looking ahead, this successful deployment positions SLB to capitalize on the growing industrial decarbonization market. The company's ability to offer a proven, cost-effective solution could lead to accelerated adoption among industrial players facing mounting pressure to reduce emissions. While immediate revenue impact may be modest, the long-term potential is substantial as the carbon capture market is expected to grow at a CAGR of 19.2% through 2030.

Plant will capture up to 100,000 metric tons of CO₂ annually for Netherlands-based sustainable energy supplier Twence

OSLO, Norway--(BUSINESS WIRE)-- Global energy technology company SLB (NYSE: SLB) announced today that SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands.

The new plant has the capacity to capture up to 100,000 metric tons of CO2 per year, which will be used in applications for the horticulture and food and beverage sectors. (Photo: Business Wire)

The new plant has the capacity to capture up to 100,000 metric tons of CO₂ per year, which will be used in applications for the horticulture and food and beverage sectors.

The carbon capture plant is based on SLB Capturi’s standard, modular Just Catch™ design, which reduces onsite installation and outfitting work — providing a more cost-efficient and easier-to-deploy option compared with other market alternatives.

“We are extremely proud of our collaboration with Twence to bring online the first modular carbon capture plant at a waste-to-energy facility,” said Egil Fagerland, chief executive officer, SLB Capturi. “As pressure mounts for industrials to reduce emissions and meet net-zero targets, access to affordable, effective carbon capture technologies is more important than ever. We look forward to continuing our mission to enable access to the capture technologies needed to achieve CO₂ emissions reduction impact at scale.”

"We are excited to see the successful completion of our new carbon capture plant," said Marc Kapteijn, chief executive officer, Twence. "This highly innovative and sustainable project was safely realized by a motivated and committed team and through intensive collaboration with SLB Capturi. In the spring, we will supply the first CO₂ to the greenhouse horticulture sector. We are convinced that this technology plays a crucial role in our ongoing efforts to reduce carbon emissions and realize our sustainability ambitions.”

About SLB

SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

About SLB Capturi

SLB Capturi is the joint venture between SLB and Aker Carbon Capture, dedicated to carbon removal and reduction solutions. The company’s proven modular technologies enable industries to deploy capture technology at speed and scale, meeting the requirements of tomorrow and the opportunities of today. The company is currently delivering seven carbon capture plants to bioenergy, waste to energy, and cement facilities. Find out more at capturi.slb.com.

Cautionary Statement Regarding Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250123296222/en/

Media

Josh Byerly – SVP of Communications

Moira Duff – Director of External Communications

SLB

Tel: +1 (713) 375-3407

media@slb.com

Hanne Rolén – Head of Sustainability & Communications

SLB Capturi

Tel: +47 990 02 571

Email: Hrolen@capturi.slb.com

Investors

James R. McDonald – SVP of Investor Relations & Industry Affairs

Joy V. Domingo – Director of Investor Relations

SLB

Tel: +1 (713) 375-3535

investor-relations@slb.com

Source: SLB

FAQ

What is the CO2 capture capacity of SLB's new carbon capture plant in Netherlands?

SLB's new carbon capture plant at Twence's facility in Hengelo, Netherlands, has the capacity to capture up to 100,000 metric tons of CO2 per year.

When will SLB's Twence carbon capture plant begin CO2 supply operations?

The plant will begin supplying CO2 to the greenhouse horticulture sector in spring.

What technology does SLB use in its Hengelo carbon capture plant?

The plant uses SLB Capturi's standard, modular Just Catch™ design, which reduces onsite installation and outfitting work.

What industries will use the CO2 captured by SLB's Netherlands plant?

The captured CO2 will be used in applications for the horticulture and food and beverage sectors.

How does SLB's Just Catch design differ from other carbon capture solutions?

The Just Catch design is more cost-efficient and easier to deploy compared to other market alternatives, due to reduced onsite installation and outfitting work requirements.