Published by Todd Bush on January 23, 2024
OSLO, Norway, Jan. 23, 2024 /PRNewswire/ -- Aker Carbon Capture and MAN Energy Solutions have signed a Memorandum of Understanding to jointly pursue opportunities related to carbon capture, utilization and storage (CCUS) and CO2 compression in the North American market. The agreement leverages MAN's expertise in compressor technology and system integration, as well as Aker Carbon Capture's proven amine technology and carbon capture products. The adoption of standardized and modularized solutions will contribute to drive scale through cost-efficient developments with optimized energy consumption and delivery time.
>> In Other News: Aker Carbon Capture Awarded Feasibility Study by Waste-to Energy Player in Switzerland
The two companies are currently collaborating on delivering the world's first carbon capture plant for the cement industry at Heidelberg Materials' Brevik CCS project in Norway.
"We are thrilled to expand our cooperation with MAN Energy Solutions to the North American market, where we see significant potential for CCUS to drive the transition towards net zero", said Jonah Margulis, Head of North America at Aker Carbon Capture. "This agreement will strengthen our position to remove and reduce carbon emissions from industries and energy solutions, which is supported by strong incentives from the U.S. Government".
"We are delighted to work with ACC, which appreciates our comprehensive expertise in compressor solutions in general and in the area of CO2 compression in particular. We feel encouraged by the high level of interest in our technical solution concepts that we are on the right path towards sustainable decarbonization of the industries that have previously had particularly high emissions", said Dr. Marco Ernst, Head of Sales and Project Management CCS at MAN Energy Solutions.
North America is one of the leading regions for CCUS globally, with a large number of projects under development and in operation. According to Rystad Energy, the total volume of CO2 captured could reach 200 million tonnes per year in this region by 2030, which is twice the size of the current European market.
>>Read more about Aker Carbon Capture here
The following files are available for download:
https://news.cision.com/aker-carbon-capture-asa/i/pr-man,c3259330
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
Inside This Issue 🌍 Innovating the Future: Gautam Swami's Global Journey in Low-carbon Energy and Finance 🌊 Captura Announces Sale of Carbon Removal Credits and Strategic Partnership With Mitsui O...
EFM and Meta Collaborate to Advance Climate-Smart Forestry in Washington State
PORTLAND, Ore.--Yesterday, EFM, a forest investment and management firm, and Meta announced that they have finalized a groundbreaking long-term contract for the delivery of 676,000 nature-based car...
Carbon Direct Releases Criteria for High-Quality Marine CDR in Collaboration with Microsoft
New standards aim to support buyers and developers in advancing scientifically rigorous, scalable mCDR solutions Key Takeaways: New standards for marine carbon dioxide removal (mCDR) – Carbon ...
dynaCERT Applauds the Expansion of the Ontario Hydrogen Innovation Fund
TORONTO – dynaCERT Inc. (TSX: DYA) (OTC: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) applauds the recently announced changes of March 31, 2025, proposed for the Ontario Government Hydrogen Inno...
$28 million project financing, inclusive of the completed sale of the Investment Tax Credit associated with the project, returns cash back to Energy Vault's balance sheet for the first resiliency c...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.