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 🌍 HIF Global Signs Collaboration Agreement with Airbus for Sustainable Aviation Fuels 🔋 Exxonmobil Signs Carbon Capture Agreement With CF Industries in Mississippi 🚧 After Year...
I've been monitoring the climatetech and decarbonization startups this year, and here’s what I learned. International Energy Agency (IEA) expects global clean energy investment to hit $2 trillion ...
Inside this Issue 🌱 FuelPositive: Completes On-Farm Commissioning of the First Scalable Green Ammonia Production System and Announces New Manitoba-Based Partnerships 🌍 A New Era for Clean Energy: ...
Siemens Energy Wins Contract for Large-scale Hydrogen Project From German Utility EWE
[**Siemens Energy**](https://www.siemens-energy.com/) **has been awarded a contract to supply a 280-megawatt electrolysis system by German utility EWE. The plant in the German city of Emden is expe...
Shell to Build 100-megawatt Renewable Hydrogen Electrolyser in Germany
COLOGNE/WESSELING, GERMANY – [Shell Deutschland GmbH](https://www.shell.de) (**Shell**) has taken a Final Investment Decision (FID) to progress REFHYNE II, a 100-megawatt renewable proton-exchange ...
After Years of Controversy, Illinois State Pauses CO2 Pipeline Construction, for Now
**New safety requirements for carbon dioxide pipelines as well as a temporary ban on their construction are now in effect after Gov. JB Pritzker on Thursday signed a bill that passed the General As...
Exxonmobil Signs Carbon Capture Agreement With CF Industries in Mississippi
* We’ll remove up to 500,000 metric tons of CO2 annually from CF Industries’ site in Yazoo City. * It’s the latest sign of our leadership in CCS, a proven emissions solution. * ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.