Aker Carbon Capture is positioning 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 on Wednesday after the pair raised around Nkr500 million apiece for fresh investments through private placements in which they have each gained about 20,000 investors.
