Aker Carbon Capture is delivering the only two industrial scale carbon capture projects under construction in
"Delivering on our project commitment is top priority. In addition to our projects under construction in
In the quarter, Aker Carbon Capture started a Mobile Test Unit campaign for smelters for Elkem Rana and SMA Mineral, and was awarded a new test contract with another customer for a campaign in 2024. Due to the high interest from customers a second Mobile Test Unit is under construction.
DNV qualifies Just Catch Offshore
The Just Catch Offshore, a modularized carbon capture facility for offshore installations, has been qualified by DNV. It is now ready to be deployed in offshore oil and gas fields where Aker Carbon Capture's proprietary solution can significantly reduce emissions from offshore power generation.
Aker Carbon Capture aims to take a leading position in the global CCUS industry, and the company has launched a long-term goal of '10 by 25', which states that the company will have secured firm contracts for carbon capture plants for a total of 10 million tonnes per year by the end of 2025.
Financial result
Aker Carbon Capture saw continued revenue growth through the third quarter. Revenues reached
Revenues were mainly driven by progress on the Brevik CCS, Twence Just Catch CCU and FEED projects. EBITDA (Earnings before interest, tax, depreciation and amortization) was negative
Aker Carbon Capture ended the second quarter with a robust cash position at
ENDS
Aker Carbon Capture will present the results in a live webcast, followed by a Q&A session, today at
https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20221101_5
Media contact:
Yannick Vanderveeren, mob: +47 458 36 358, email: yannick.vanderveeren@akercarboncapture.com
Investor contacts:
Christian Yggeseth, mob: +47 915 10 000, email: christian.yggeseth@akerhorizons.com
Aker Carbon Capture is a pure-play carbon capture company with solutions, services and technologies serving a range of industries with carbon emissions, including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a unique, environmentally friendly solution for removing CO2 emissions.
Visit akercarboncapture.com and connect with us on LinkedIn,
This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This
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