Published by Todd Bush on May 15, 2023
OSLO, Norway, May 15, 2023 /PRNewswire/ -- Aker Carbon Capture has been awarded a large-scale carbon capture project by Ørsted, a global leader in renewable energy, for its Ørsted Kalundborg Hub in Denmark. As the carbon capture provider, Aker Carbon Capture will deliver five Just Catch units, additional equipment such as liquefaction systems, and temporary CO2 storage and on-/offloading facilities with an expected total contract value above EUR 200 million. The carbon capture facilities will be delivered to Ørsted's wood chip-fired Asnæs Power Station and the Avedøre Power Station's straw-fired boiler and combined will have an installed design capture capacity of 500,000 tonnes CO2 per year.
>> In Other News: Streamline Innovations Introduces VALKYRIE® ECO and VALKYRIE ECO FLEX Products for H2S Treating in Biogas-to-RNG Upgrading Applications
This follows the 20-year contract award to Ørsted by the Danish Energy Agency (DEA) for its carbon capture and storage (CCS) project. The funding will enable the realization of the first full-scale carbon capture and storage value chain in Denmark, delivered by Ørsted, Aker Carbon Capture, Microsoft and Northern Lights.
"We are proud of our partnership with Ørsted and see this project as a milestone for our Just Catch standardized concept, a modular and configurable offering that enables time-efficient deployment of carbon capture units to the mid-scale emitter market. We look forward to working with Ørsted and contributing to their decarbonization journey and to Denmark's CCUS ambitions," said Valborg Lundegaard, Aker Carbon Capture's Chief Executive Officer.
"Capture and storage of biogenic CO2 is an important tool to mitigate climate change, and we look forward to initiating the work. We have established a strong partnership which will secure that we comply with the tight timeline set in the Danish tender, and at the beginning of 2026, two of our combined heat and power plants will capture and store approx. 430,000 tonnes of biogenic CO2 every year," said Ole Thomsen, Senior Vice President and Head of Ørsted's Bioenergy business.
"The signing of this contract represents the beginning of a groundbreaking CCUS project covering the entire value chain. This collaboration brings together key stakeholders, including government bodies, technology providers, industry leaders, and carbon credit buyers, with the aim of scaling up CCUS deployment and achieving net-zero emissions in hard-to-abate industries. Aker Carbon Capture's standardized solutions, including Just Catch, and strategic partnerships with industry leaders such as Ørsted and Microsoft, will create significant growth opportunities in the future," said Kristian M. Røkke, Aker Carbon Capture's Chairperson.
The collaboration established in 2021 between Aker Carbon Capture, Ørsted and Microsoft is now bringing concrete climate action through biogenic carbon capture and storage, delivering large-scale carbon removal.
Ørsted is a global energy major and a leading provider of sustainable bioenergy solutions in Denmark. The company aims to be carbon neutral by 2025. Earlier this year, Ørsted and Aker Carbon Capture signed a Letter of Intent for the delivery of two Just Catch units, which will form part of the Ørsted Kalundborg Hub (see Aker Carbon Capture's announcement on 3 January 2023).
In this landmark project, Microsoft will purchase several million tonnes of high-quality, durable carbon removal over more than ten years from the capture and storage of biogenic carbon from Ørsted's project. This represents one of the world's largest carbon removal offtake agreements by volume to date.
The project is subject to signing of the funding contract by Ørsted and the DEA, which completes the funding tender procedure. Such signing is expected to take place shortly after expiry of the mandatory standstill period.
>>Read more about Aker Carbon Capture here
SOURCE Aker Carbon Capture ASA
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🏭 Nel ASA: Hy Stor Energy Places Gigawatt Capacity Reservation for Mississippi Clean Hydrogen Hub 🛺 Gearing Up for a Green Highway: Air Products Paves the Way for Hydrogen Transp...
Inside this Issue ⚛️ Air Products Announces Plans to Build Network of Commercial-Scale Multi-Modal Hydrogen Refueling Stations Connecting Edmonton and Calgary, Alberta, Canada 🤝 RepAir and Cella L...
Inside this Issue ⛽ FirstElement Fuel, World-Leader in Hydrogen Refueling Solutions, Selected as a Top 40 US GreenTech Company by Time Magazine 💸 Advanced Hydrogen Producing Equipment Wins Top Pri...
Messer Launches with ZeCarb New "Carbon Capture as a Service" Offering
_PRESS RELEASE_ Bad Soden / Frankfurt am Main April 26, 2024 [**Messer**](http://www.messergroup.com) **launches with** [**ZeCarb**](https://zecarb.messergroup.com) **new "Carbon Capture...
Nel ASA: Hy Stor Energy Places Gigawatt Capacity Reservation for Mississippi Clean Hydrogen Hub
OSLO, Norway, April 26, 2024 (GLOBE NEWSWIRE) -- [**Nel ASA**](https://www.nelhydrogen.com) **(Nel, OSE:NEL)** partners with [Hy Stor Energy](https://hystorenergy.com/) on the **Mississippi Clean H...
BOSTON, April 26, 2024 /PRNewswire/ -- Trains that could travel to more tucked-away parts of the country with zero emissions are an example of the potential behind [battery electric (BEV) and fuel ...
Greensboro, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- [Volvo Trucks North America](https://www.volvotrucks.us/) has announced a significant advancement in its _sustainability efforts by fueling newl...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.