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Aker Solutions: Pioneering Carbon Capture in Norway

January 30, 2025, 12:16 am
Aker Horizons
Aker Horizons
FinTechInvestmentOptimizeTime
Location: Norway, Viken, Baerum
Employees: 11-50
Founded date: 2020
Schlumberger
Location: United States
Aker Solutions
Aker Solutions
EnergyEngineeringOilGasRenewableTechnology
Location: Norway
Employees: 10001+
Founded date: 1841
Total raised: $2M
In the heart of Oslo, a transformation is underway. Aker Solutions ASA, in collaboration with SLB Capturi, has secured a significant contract to develop a carbon capture and storage (CCS) solution at Hafslund Celsio’s waste-to-energy plant. This project is not just a contract; it’s a beacon of hope in the fight against climate change. It represents a step forward in creating a sustainable future, where emissions are captured rather than released into the atmosphere.

The Hafslund Celsio plant is a major contributor to Oslo's carbon footprint, accounting for 19% of the city’s fossil carbon emissions. This project aims to change that narrative. By capturing 350,000 metric tonnes of CO2 annually, it will significantly reduce the environmental impact of waste incineration. The technology employed, SLB Capturi’s Just Catch™ 400 unit, is designed for efficiency. Its modular design minimizes the physical footprint, making it a cost-effective solution for carbon capture.

Aker Solutions is no stranger to the CCS landscape. With three decades of experience, the company is well-equipped to handle the engineering, procurement, construction, installation, and commissioning (EPCIC) of the onshore facilities. The project will utilize resources from Aker’s locations in Norway and India, showcasing a blend of local expertise and global collaboration.

The Norwegian government’s Longship project underpins this initiative. It aims to establish a full-scale CO2 value chain in Norway, integrating carbon capture, transport, and storage. This project is a crucial part of that vision. It highlights the importance of public-private partnerships in tackling climate change. By joining forces, Aker Solutions and SLB Capturi are setting a precedent for future industrial decarbonization projects.

The timeline for this ambitious project is set. Construction begins in the first quarter of 2025, with completion expected by 2029. This timeline is not just a schedule; it’s a commitment to action. The project is designed with a balanced risk-reward profile, ensuring that all parties are aligned for efficient and safe delivery.

Aker Solutions defines a substantial contract as one valued between NOK 2.5 billion and NOK 4.0 billion. This project falls within that range, indicating its significance not only for Aker but for the entire CCS industry in Norway. The contract will be recorded as order intake in the first quarter of 2025, further solidifying Aker’s position in the renewables and field development segment.

The collaboration with Hafslund Celsio adds another layer of strength to this project. The managing director of Hafslund emphasizes the importance of working with experienced partners. This collaboration is not just about technology; it’s about building a robust industrial framework for carbon capture and storage. Together, they aim to create a facility that will serve as a model for future projects, both in Norway and globally.

The urgency of climate action cannot be overstated. As the world grapples with rising temperatures and extreme weather events, projects like this are essential. They represent a shift in how industries approach emissions. Instead of viewing carbon capture as an afterthought, it is becoming a central component of industrial operations.

Aker Solutions is also positioning itself as a preferred supplier for another CCS project. This selection is contingent on the client’s final investment decision and necessary governmental approvals. If awarded, this contract will further bolster Aker’s portfolio in the renewables sector. The company is poised to book a significant contract, valued between NOK 1.5 billion and NOK 2.5 billion, reinforcing its commitment to sustainable energy solutions.

The integration of innovative digital solutions is another hallmark of Aker’s approach. By leveraging technology, Aker Solutions aims to streamline project execution and enhance efficiency. This focus on innovation is crucial in an industry that must adapt rapidly to changing environmental standards and societal expectations.

As the world shifts towards a low-carbon future, the role of companies like Aker Solutions becomes increasingly vital. They are not just service providers; they are architects of a sustainable future. Their projects are stepping stones toward a world where carbon emissions are minimized, and renewable energy sources are maximized.

In conclusion, the partnership between Aker Solutions and SLB Capturi at Hafslund Celsio is more than a contract; it’s a commitment to change. It’s a testament to what can be achieved when public and private sectors unite for a common cause. As the project unfolds, it will serve as a blueprint for future carbon capture initiatives, not just in Norway, but around the globe. The journey toward a sustainable future is long, but with projects like this, the path is becoming clearer. The time for action is now, and Aker Solutions is leading the charge.