OSLO, Norway, March 31, 2022 /PRNewswire/ -- Aker Carbon
Capture and SINTEF have entered into a strategic collaboration
agreement, with the goal of further developing carbon capture
utilization and storage (CCUS) technology to reduce CO2 emissions
from industry and energy solutions. This is a vital part of the
green transition in Norway.
"Aker and SINTEF have collaborated for more than 25 years, and
have been pioneers of CCUS, which represents a vital solution for
our ability to reach net-zero emissions. With this agreement, we
accelerate the transfer of science and research to innovation in
the market," said Alexandra Bech Gjørv, CEO of SINTEF.
"Establishing the right partnerships is a critical component of
our strategy and we are pleased to further strengthen our
collaboration with SINTEF to develop new innovative solutions to
curb CO2 emissions," said Valborg
Lundegaard, CEO of Aker Carbon Capture.
CCUS - an indispensable tool
CCUS refers to a series of technologies for capturing CO2 and
utilizing or storing it safely deep underground. Both the
International Energy Agency (IEA) and United Nations (IPCC)
consider CCUS to be crucial for reducing CO2 emissions and limiting
global warming to under 1.5˚C.
"CCUS is an indispensable tool for achieving global climate
goals. As a technology, it has risen from nice to have to need to
have," said Nils Røkke, EVP Sustainability at SINTEF.
A strategic interaction to establish more CCUS
projects
The agreement represents a strategic interaction on a
non-exclusive basis, with the goal to speed up and make available
CCUS more widespread. There will be actions to establish more CCUS
projects, particularly in the field of CO2 capture.
Through the collaboration, the parties will explore
opportunities to develop new capture technologies, share knowledge,
and collaborate more closely to generate and follow-up on new
ideas.
Establishing a common framework for collaboration will remove
barriers and bureaucracy, thereby enabling SINTEF and Aker Carbon
Capture to collaborate quickly and efficiently.
A valuable long-term partnership
Aker Carbon Capture and SINTEF have a long history of
collaboration. SINTEF has worked with Aker companies for over 25
years in the field of this specific climate technology, which
demonstrates the value of long-term partnerships.
Most notably, the parties developed a solvent-based capture
technology together with the Norwegian University of Science and
Technology (NTNU) as part of the eight-year SOLVit program. Aker
Carbon Capture is today a leading provider of a proprietary,
amine-based carbon capture technology, which is being deployed in
the Norwegian full-scale CCUS project, Langskip
(Longship).
"A partnership with SINTEF and access to their significant
testing infrastructure and knowledge of CCUS and enabling
technologies, will not only allow Aker Carbon Capture to continue
to improve our existing technology portfolio, but also enable us to
collaboratively identify the next generation CCUS technology and
bring it to the market. Through a strategic collaboration we can
challenge each other to accelerate the development of new
solutions," said Jim Stian Olsen,
Chief Technology Officer of Aker Carbon Capture.
Through the Norwegian CCS Research Centre (NCCS), SINTEF and its
partners have contributed both knowledge and research to
Langskip.
"To meet the goals of the Paris Agreement and Norwegian climate
ambitions, we need to continue the joint efforts to cut costs,
reduce risk, and scale up CCS technologies. Research, development,
and innovation efforts done in cooperation between universities,
research institutions, and industry actors like Aker Carbon Capture
are essential," said NCCS Director Mona
Mølnvik.
About Aker Carbon Capture and SINTEF
Aker Carbon Capture is a pure-play carbon capture company with
solutions, services and technologies that serve a range of
industries with carbon emissions, including the cement, bio- and
waste-to-energy, gas-to-power, and blue hydrogen segments. Aker and
Aker Carbon Capture have worked with CCUS for two decades, and its
proprietary carbon-capture technology offers a unique,
environmentally friendly solution for removing CO2
emissions.
SINTEF is one of Europe's
largest independent research organisations with international
top-level expertise in the fields of technology, natural science,
medicine and social science. SINTEF develops sustainable solutions
to some of society's grand challenges, and creates value and
innovation by generating knowledge and developing technical
solutions with practical applications. SINTEF has conducted
research on CCUS since its inception in the 1980s.
SINTEF media contact:
Anne Steenstrup-Duch, anne.steenstrup-duch@sintef.no
Aker Carbon Capture media contact:
Ivar Simensen, mob: +47 464 02 317,
email: ivar.simensen@akerhorizons.com
Aker Carbon Capture investor contacts:
Christian Yggeseth, mob: +47 915 10 000, email:
christian.yggeseth@akerhorizons.com
David Phillips, mob: +44 7710
568279, email: david.phillips@akercarboncapture.com
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