Aker Carbon Capture has struck a deal with Sweden’s Vattenfall to accelerate the evaluation of future carbon capture plants in northern Europe.
Under the memorandum of understanding, the companies plan to apply Aker’s carbon capture technology at waste and bio-energy plants across Europe, a move that would help utilities like Vattenfall to hit achieve emissions.
The pair hope their co-operation will help develop solutions for large-scale commercial bio-CCS plants in Sweden first and also the rest of northern Europe as their partnership grows.
The agreement is also expected to support Vattenfall's ambitions to achieve negative emissions in waste and bio-CCS plants and make it possible to live fossil free within one generation, the utility said.
The MoU is non-exclusive and covers services related to advancing Vattenfall's ambitions related to CCS and has a two-year timeline.
“Applying our HSE-friendly carbon capture technology at waste and bio energy plants across Europe can enable companies like Vattenfall to achieve negative emissions and thus make a significant contribution towards battling climate change,” chief executive of Aker Carbon Capture, Valborg Lundegaard, said.
Ulrika Jardfelt, head of Vattenfall’s business unit Heat Sweden, added: “With Vattenfall´s extensive track record within sustainability for the energy sector and Aker Carbon Capture´s technology and experience in CO2 solutions, we believe we have an excellent opportunity to make the next steps on our climate agenda."
Vattenfall has previously tested CCS technologies in Europe between 2008 and 2014.
However, CCS has taken many steps forward since then, leading to several projects moving forward both on the capture and on the storage side, with projects like the Norwegian full-scale demonstration project, Longship (Langskip) with its Northern Lights offshore storage facility.
In addition, Denmark is planning a “Greensand” storage project, utilising existing oil platform infrastructure.
“As we prepare to deliver the capture plant for Longship, we see a sharp increase in companies across sectors that want to explore and realise carbon capture plants in the future,” Lundegaard said.
Over the summer, Aker Carbon Capture also positioned itself to capitalise on an estimated €11 billion ($13 billion) market for the retrofit of hydrogen production plants with carbon capture technology as part of the European Union’s efforts to boost usage of the fuel in the transition to green energy.
The newly minted offshoot of Norway’s Aker Solutions was launched along with Aker Offshore Wind on the Oslo bourse in August.