Published by Todd Bush on May 12, 2023
OSLO,Norway, May 9, 2023 /PRNewswire/ -- Aker Carbon Capture and Carbfix have extended their partnership aimed at combining the companies' complementary technologies to explore full carbon capture and storage (CCS) value chains in the global fight against climate change. The Memorandum of Understanding (MoU) has a duration of 2 years and is non-exclusive.
>> In Other News: Global Hydrogen Energy LLC to Become a Publicly Traded Company Through a Business Combination With Dune Acquisition Corporation
The two Nordic industry front runners aim to work together on point source capture and storage volumes between 100,000 tonnes CO2 per year and 1 million tonnes CO2 per year, especially from hard-to-abate industries such as cement, gas-to-power, and waste-to-energy. The Carbfix technology involves dissolving CO2 in water and injecting it into porous basaltic stone formations, where natural processes cause the CO2 to form stable carbonate minerals within two years.
"Our next-generation partnership with Carbfix, as documented in this MoU, shows a clear ambition to deepen our ongoing collaboration, further accelerating the CCS market in Europe and North America. Together, we can offer industrial emitters the entire CCS value chain, capturing CO2 and permanently storing it by turning it into stone underground," said Jon Christopher Knudsen, Chief Commercial Officer at Aker Carbon Capture.
>>Read more about Aker Carbon Capture here
"Taking the Carbfix technology to a broader market of emitters either with point source storage or with the use of CO2 terminals, is a key pillar in the Carbfix strategy. By working with Aker Carbon Capture, we extend our reach, benefitting from the possibility to provide a full value chain offering for those cases where this creates value," said Kristinn Ingi Lárusson, Head of Business Development and Commercialisation at Carbfix.
More than ten years ago, Carbfix started testing subsurface mineralization of CO2 in basaltic stone formations at Hellisheidi in Iceland – or in simple terms: turning it into stone underground. Since then, Carbfix mineralized over 90,000 tonnes of CO2 captured from the emissions of the nearby geothermal power plant.
Aker Carbon Capture's proprietary and field-proven technology can be applied to both existing and new-build plants, and has extensive real-world validation, with close to 60,000 hours of operation across a range of carbon-emitting industries. The company's flagship projects, Brevik CCS and Twence CCU, are currently the large-scale carbon capture projects in the construction phase in Europe. Last month, the company launched the next generation modular carbon capture plant, aimed at the mid- to large-scale emitter market. The company continues to build its leading market position in Northern Europe, and further advancing into North America through strong partnerships.
In July 2021, both companies joined forces with Elkem Iceland in the groundbreaking mission towards reducing CO2 emissions from Elkem Iceland's ferrosilicon plant through carbon capture and mineral storage in basalt structures. Aker Carbon Capture and Carbfix are now extending this partnership towards their shared strategic focus areas: point source emissions and CO2 hub projects across Europe and North America. Aker Carbon Capture and Elkem are also currently testing carbon capture at Elkem's smelting plant in Rana, Norway.
SOURCE Aker Carbon Capture ASA
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🏙️ Energy Abundance Announces Data City, Texas - The World's Largest Behind-the-Meter Data Center Hub Powered by 100% 24/7 Green Energy 🌬️ Norway's Equinor Scales Back Climate Am...
Inside This Issue 🌬️ Texas Pioneers Wind-Powered Direct Air Capture: A Collaborative Effort to Combat Climate Change 🏛️ CO2 Capture in the United States Adjusts Its Strategy Under the Trump Admini...
Inside This Issue 🏗️ Alberta Set to Build World's First Full-Sized Zero Carbon Cement Plant 🛢️ Saudi Aramco, IEA Chiefs Clash In Houston Over The Future Of Oil 🧪 Homeostasis Raises $1.2M to Synthe...
The company’s tech promises to unlock sustainable, domestic critical mineral supplies while providing affordable ocean carbon removal. BlueShift Exits Stealth with $2.1M in Pre-Seed Funding to Ena...
LRQA Strengthens Energy Transition Services With Acquisition of EcoEngineers
LRQA has acquired EcoEngineers, a US-based consulting, auditing and advisory firm with an exclusive focus on the energy transition. This marks LRQA’s fifth acquisition in five months, reinforcing ...
Nel ASA: Receives Purchase Order for One MC500 Containerized Pem Electrolyser
OSLO, Norway, March 20, 2025 /PRNewswire/ -- Nel Hydrogen US, a subsidiary of Nel ASA (OSE: NEL), has received a purchase order for one 2.5 MW containerized PEM unit for the Aberdeen Hydrogen Hub p...
Amazon to Sell Carbon Credits to Suppliers, Customers
LONDON, March 20 (Reuters) – Amazon has begun selling carbon credits to its suppliers, business customers, and other companies, the U.S. retail giant said, which can be used to offset their climate...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.