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Yahoo
28-01-2025
- Business
- Yahoo
SLB Capturi, Aker Solutions delivering carbon capture solution for Hafslund Celsio
SLB Capturi and Aker Solutions have been granted an engineering, procurement, construction, installation and commissioning (EPCIC) contract from Hafslund Celsio, to deliver a carbon capture solution at Halslund's waste-to-energy facility based in Klemetsrud, Oslo. Hafslund Celsio is one of the largest producer and supplier of district heating in Norway and supplied 25% of the district heating generated in the naition in 2023. The company's carbon capture project is part of Longship, Norway's full value-chain carbon capture and storage (CCS) project. This project is the second carbon capture plant within Longship, where SLB Capturi is already delivering the carbon capture plant at Heidelberg Materials' cement facility in Brevik, southern Norway, in collaboration with Aker Solutions. Kjetel Digre, CEO of Aker Solutions, said in a statement that the collaboration 'marks a significant milestone for Aker Solutions and the CCS industry in Norway.' Aker Solutions recently signed a partnership agreement with Vår Energi, to provide maintenance and modification services for assets and projects on the Norwegian Continental Shelf (NCS). The contract includes the delivery of a carbon capture plant, liquefaction system, temporary storage and a loading facility at the waste incineration site. It also includes an intermediate CO2 storage and ship-loading system at Oslo harbour. From here, the CO2 will be transported to the Northern Lights permanent storage facility on the NCS. The new carbon capture plant is forecast to capture 350,000 metric tonnes of CO2 annually. The EPCIC contract follows a cost reduction phase for Hafslund Celsio's project, which identified opportunities for efficiencies. The project will now be delivered based on SLB Capturi's modularised Just Catch 400 unit. Egil Fagerland, chief executive officer, SLB Capturi, said 'standardisation and modularisation play a key role in shifting the economics of carbon capture projects.' 'We are extremely proud of our collaboration with Hafslund Celsio and Aker Solutions to align our Just Catch plant design with the techno-economic requirements of this project to help make it a reality,' he added. "SLB Capturi, Aker Solutions delivering carbon capture solution for Hafslund Celsio" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
28-01-2025
- Business
- Yahoo
Schlumberger JV Lands Carbon Capture Deal In Oslo, Norway: Details
SLB Capturi, a joint venture between Schlumberger (NYSE:SLB) and Aker Solutions, secured an engineering, procurement, construction, installation, and commissioning (EPCIC) contract from Hafslund Celsio. The company plans to deliver a carbon capture solution at its Klemetsrud waste-to-energy facility in Oslo. The contract includes a carbon capture plant, liquefaction system, temporary storage, and a loading facility at the waste incineration site, along with an intermediate CO2 storage and ship loading system at Oslo harbor. The project will use SLB Capturi's modularized Just Catch 400 unit, which enables a cost-effective solution by minimizing onsite footprint, installation, and outfitting work. The plant is expected to capture 350,000 metric tons of CO2 annually, upon operational, which will be transported to the Northern Lights storage facility. The EPCIC award follows a cost-reduction phase that identified efficiencies, including layout optimization. The project is part of Longship, Norway's full value-chain CCS initiative. Hafslund Celsio's project is the second carbon capture plant in Longship, with SLB Capturi also delivering the carbon capture plant at Heidelberg Materials' Brevik cement facility in collaboration with Aker Solutions. Martin S. Lundby, chief executive officer at Hafslund Celsio, stated, 'Our partners bring valuable expertise from large industrial developments both in Norway and internationally. Together, we will construct a carbon capture solution that is expected to be operational by third quarter 2029.' 'This project is a testament to important public and private collaboration to build an industrial value chain for carbon capture and storage. The project will also significantly contribute to reducing emissions and will create value for both industry and society,' added Kjetel Digre, CEO of Aker Solutions. Last week, SLB, along with Star Energy Geothermal, a subsidiary of Indonesian renewable energy company Barito Renewables, entered into a partnership to boost geothermal technology. Recently, the company reported better-than-expected fourth-quarter 2024 results, with revenue of $9.28 billion, beating the consensus of $9.18 billion. Adjusted EPS increased 7% to 92 cents, above the consensus of 90 cents. SLB raised its dividend by 3.6% and initiated $2.3 billion in accelerated share repurchase, boosting shareholder returns. Investors can gain exposure to the stock via iShares U.S. Oil Equipment & Services ETF (NYSE:IEZ) and VanEck Oil Services ETF (NYSE:OIH). Price Action: SLB shares are down 0.40% at $42.08 premarket at the last check Monday. Read Next:Image via Shutterstock. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? SCHLUMBERGER (SLB): Free Stock Analysis Report This article Schlumberger JV Lands Carbon Capture Deal In Oslo, Norway: Details originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
27-01-2025
- Business
- Yahoo
Aker Carbon Capture ASA announces that SLB Capturi and Aker Solutions win contract to deliver carbon capture solution for Hafslund Celsio
FORNEBU, Norway, Jan. 27, 2025 /PRNewswire/ -- Aker Carbon Capture (ACC ASA), an Aker Horizons portfolio company, today announced that SLB Capturi, in collaboration with Aker Solutions, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract from Hafslund Celsio AS to deliver a carbon capture solution at their waste-to-energy facility at Klemetsrud, Oslo. Hafslund Celsio is Norway's largest district heating supplier and the owner and operator of Norway's largest waste-to-energy plant. Hafslund Celsio's carbon capture project is part of Longship, the Norwegian Government's full value-chain carbon capture and storage project. The contract award includes delivery of a carbon capture plant, liquefaction system, temporary storage, and loading facility at the waste incineration site. It also includes an intermediate CO2 storage and ship loading system at Oslo harbor, from where the CO2 will be transported to the Northern Lights permanent storage facility on the Norwegian continental shelf. When operational, which is anticipated by third quarter, 2029, the carbon capture plant is expected to capture 350,000 metric tons of CO2 annually. The EPCIC award follows a cost reduction phase for Hafslund Celsio's project, which identified opportunities for efficiencies, including layout optimization. Innovative capture technology design enables the project to move forward. The project will now be delivered based on SLB Capturi's modularized Just Catch 400 unit. The space-efficient Just Catch design has been fundamental to enabling a viable, cost-effective solution by reducing onsite footprint, installation, and outfitting work. For further information, please contact:Jonas Gamre, Investor Relations, Tel: +47 97 11 82 92, Mats Ektvedt, Media, Tel: +47 41 42 33 28, About Aker Horizons: Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five About Aker Carbon Capture Aker Carbon Capture ASA was established as a separate entity in 2020, building on more than 20 years long experience and maturation of the carbon capture technology within Aker. Following an agreement with SLB, a joint venture between SLB and Aker Carbon Capture was established in June 2024. The JV, SLB Capturi, is headquartered in Oslo, with SLB owning 80% and Aker Carbon Capture ASA owning 20%, two strong companies with proven track record of building successful industrial businesses positioned for substantial growth. This information was brought to you by Cision View original content: SOURCE Aker Horizons Sign in to access your portfolio
