Regulatory Filings • Oct 30, 2023
Regulatory Filings
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Aker Carbon Capture awarded study by TES to capture 400,000 tonnes CO2 per year in Germany
Aker Carbon Capture has been awarded a feasibility study by TES, to explore the
implementation of a carbon capture plant at a waste-to-energy facility in
Germany. The planned capture capacity will be 400,000 tonnes CO2 per year. The
captured CO2 will be transported by railcar to the TES facilities at
Wilhelmshaven in Northern Germany to produce e-NG, which is electric natural gas
derived from green hydrogen and CO2. TES H2 is a global green energy company
leading the way in the production of e-NG.
"We are excited to be working with TES on this innovative decarbonization
project. By using recycled CO2 to deliver green energy to users, further CO2
emissions are being avoided, contributing to Germany's goal to achieve Net-Zero
greenhouse gas emissions by 2045. We aim to deliver our modular Just Catch 400
unit, which has gained high market interest since its recent launch", said Jon
Christopher Knudsen, Chief Commercial Officer at Aker Carbon Capture.
"We look forward to the collaboration with Aker Carbon Capture on our route
towards net-zero. This evaluation of an industrial scale project will allow us
to select the best of different available capture technologies based on real
-life performance going forward in massive scale up", said Jens Schmidt, Chief
Technology Officer at TES.
This is the third study awarded to Aker Carbon Capture in Germany, Europe's
largest economy and CO2 emitter. The country aims to cut its carbon dioxide
emissions by 65% by 2030 compared with 1990 and to become carbon neutral by
2045. Carbon capture, utilization and storage (CCUS) has been identified as
playing an important role in the country's goal to achieve these targets. The
German government is expected to publish its Carbon Management Strategy later
this year.
The study awarded to Aker Carbon Capture will assess the optimal CO2 capture,
conditioning, liquefaction and temporary storage facility. The captured CO2 will
be the source material to produce e-NG, which is a sustainable alternative to
fossil natural gas. It's created by combining green hydrogen from renewable
power with recycled CO2 from industrial emissions and biogenic CO2, to create
"synthetic methane" or "green gas". This conversion will take place in a region
where green electricity and therefore green hydrogen is plentiful, making it
highly cost effective.
e-NG is easy to transport and store, which makes it a viable and scalable clean
energy source. It is chemically identical to natural gas and blends easily into
the existing fuel mix. This makes it a very simple and cost-effective solution
for scaling up the green transition. By 2030, TES plans to produce around 15 TWh
of e-NG annually, which is equivalent to 0.4 megatons of green hydrogen.
At Twence's waste-to-energy facility in the Netherlands, Aker Carbon Capture is
currently delivering a Just Catch unit with a capacity of 100,000 tonnes CO2 per
year. The company also started in May of this year the delivery of five Just
Catch units to Ørsted's bioenergy facilities in Denmark, with a design capture
capacity of 500,000 tonnes CO2 per year. These flagship projects contribute to
the company's mission to serial produce carbon capture units providing cost and
delivery benefits for the mid-scale emitter market.
ENDS
Press Contact Aker Carbon Capture:
Yannick Vanderveeren, mob: +47 458 36 358 (http://tel:+47 458 36 358),
email: [email protected]
Investor contact Aker Carbon Capture:
David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:
Press Contact TES:
Kristiana Gjinaj, mob: + 32 490 11 36 45 (http://tel:+ 32 490 11 36 45),
email: [email protected]
Groupe Tancredi, email: [email protected]
About Aker Carbon Capture
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 CO\2\ emissions.
Visit akercarboncapture.com (https://www.akercarboncapture.com/) and connect
with us on LinkedIn (https://www.linkedin.com/company/aker-carbon
-capture), Facebook (https://facebook.com/akercarboncapture),
Twitter (https://twitter.com/akercarbon),
Instagram (https://www.instagram.com/akercarboncapture/) and
YouTube (https://www.youtube.com/channel/UCqE71jAZxmM-CNhfUQq86kQ). This press
release may include forward-looking information or statements and is subject to
our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/).
About TES
TES is a global green energy company leading the way in the production of e-NG
(electric natural gas derived from green hydrogen). Headquartered in Europe, TES
is committed to making reliable and affordable green energy accessible to all by
implementing giga-scale projects that harness the power of sunlight. By
expanding its operations across the United States, Middle East, Asia, and
Australia, the company utilizes solar and wind energy from cost-effective
regions abundant in sunlight or wind. TES follows a sustainable approach by
using green hydrogen, generated from solar and wind power, and combining it with
CO2 to produce e-NG. This transformation results in a renewable molecule that
can be easily transported and stored using existing infrastructure. Through the
supply of e-NG to various industries, TES aims to win the climate race ensuring
the mass adoption of solar and wind energy across the globe.
www.tes-h2.com
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