Press ReleaseOslo ,January 25, 2022 Reference is made to the Operational Update fromCO2 Capsol AS published29 December 2021 regarding investment in the development, construction, and delivery of mobile carbon capture demonstration units, utilizing Hot Potassium Carbonate (HPC). The company is experiencing significant interest from industrial emitters across different industries to test CO2 Capsol's environmentally friendly and energy efficient carbon capture technology. Therefore, CO2 Capsol has made the final investment decision for one CapsolGo(TM) mobile carbon capture demonstration unit. "We see very strong interest from industrial players that want to test CapsolGo(TM) which is a testament of our highly attractive solutions to capture CO2", saysJan Kielland , CEO of CO2 Capsol. CapsolGo(TM) is offered as a paid service with a flexible testing and validation program, providing clients with valuable data and information on CO2 Capsol's HPC capture technology and process, helping to accelerate the decision processes towards a full-scale plant. A standard test program will have a duration of 4 months and includes transportation, installation, operation, and testing services. The test program will be executed by the independent companyCaptimise AB , specializing in carbon capture, utilization, and storage, to ensure objective and reliable test results. CO2 Capsol has entered into detailed negotiations with first clients for CapsolGo(TM). The first test campaign is planned for Q3/2022 and the deployment of additional demonstration units will be considered based on market interest in the upcoming months. The investment in CapsolGo(TM) is part of the current business plan, fully funded and will thus not require additional capital. The revenues generated from the first CapsolGo(TM) will be used to cover investments in additional CapsolGo(TM) demonstration units. Building a portfolio of several demonstration units has the potential to generate a significant cash flow to the company. "With CapsolGo(TM) clients are offered a flexible and cost-efficient way of testing the advantages of our HPC technology on their specific flue gas and operation, in addition to serve as a showcase of carbon capture technology to stakeholders and help win public approval. For us, CapsolGo(TM) will provide valuable data and information in our continuous work to improve our patented technology and drive down the costs for carbon capture even more", says Kielland. For further information, please contact:Jan Kielland CEO,CO2 Capsol AS +47 415 69 974 jan.kielland@co2capsol.com www.co2capsol.com About CO2 Capsol Carbon capture, utilization and storage (CCUS) is crucial to achieving net zero emissions of greenhouse gases by 2050. CO2 Capsol´s carbon capture technology is an essential part in a successful clean energy transition. Carbon capture contributes both to directly reducing emissions in critical economic sectors and to remove CO2 from facilities such asWaste-to-Energy (WtE) and biomass power plants - so-called negative CO2 emissions. Negative CO2 emissions will be essential in compensating for hard to abate emission sources. CO2 Capsol is proud to be part of the solution for a sustainable future. CO2 Capsol has a very competitive technology protected by IP rights. The base case revenue model is to license out patents. We negotiate directly with project owners or participate by collaboration with industrial players. CO2 Capsol is listed on Euronext GrowthOslo, Norway (ticker: CAPSL). https://www.co2capsol.com/news
Click here for more information
© Oslo Bors ASA, source