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Aker Carbon Capture

Environmental & Social Information Oct 25, 2022

3529_rns_2022-10-25_05543da1-310d-4aa7-83bb-efbe49c116fa.html

Environmental & Social Information

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DNV qualifies Aker Carbon Capture's Just Catch OffshoreT: ready to cut emissions from oil and gas production

DNV qualifies Aker Carbon Capture's Just Catch OffshoreT: ready to cut emissions from oil and gas production

The Just Catch OffshoreT, a modularized carbon capture facility for offshore

installations, has been successfully qualified by DNV, the global independent

energy expert and assurance provider. 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.

"DNV's recently published Energy Transition Outlook report reveals that Carbon

Capture and Storage (CCS) is indispensable for global decarbonization efforts,

across multiple industry sectors. We are pleased to provide validation of the

technology in a frontier application area - power generation in the offshore

sector. DNV has validated that Aker Carbon Capture's modular technology Just

Catch OffshoreT can capture CO2 from flue gas stemming from turbines on floating

offshore installations," said Jørg Aarnes, Global Lead, Hydrogen and CCS, Energy

Systems at DNV.

Oil and gas production is a significant source of CO2 emissions. In Norway, the

industry accounted for 25 percent of the country's total emissions in 2021,

according to Statistics Norway. As operators are looking for ways to reduce

their own emissions, offshore CCS is emerging as a competitive alternative.

"This successful qualification further strengthens the trust from the global

offshore market in our Just Catch OffshoreT offering," said Aker Carbon

Capture's CEO Valborg Lundegaard. "Given its extensive experience in

qualification procedures, DNV's statement offers strong value to both our

partners and us. CCS will be an important tool to help decarbonize the oil & gas

industry, reducing emissions from gas turbines. CCS can also offer the industry

an energy- and cost-efficient way of utilizing the available energy resources by

avoiding large electric transmission loss across the onshore grid," said Valborg

Lundegaard.

The offshore facility with Aker Carbon Capture's proprietary technology is

considered fit for harsh weather conditions with severe motions, according to

the qualification. The Just Catch OffshoreT solution is now ready for a

traditional field development project path, including a FEED phase, EPC delivery

and operational support.

Just Catch OffshoreT development

Since 2018, Aker Carbon Capture has been working on the development of the Just

Catch OffshoreT. The product has been optimized and matured through concept

studies with E&P and FPSO operators in the oil and gas industry globally. The

modularized solution can fit into any type of application where gas turbines are

present, bottom fixed as well as floating production facilities, i.e. FPSOs,

FLNG, power hubs and offshore power gas plants.

Aker Carbon Capture's standardized Just Catch OffshoreT offering is based on a

modularized design with two standard units of 120 and 180 kTPA as building

blocks. The units are typically configured and installed into one module. By

combining modules, the capacity can be increased and adjusted in accordance with

the specific requirements, providing a significant flexibility towards capture

capacity and power demand.

"The CCS module will typically be prefabricated and be made mechanical complete

before lifted onboard onto the host facility at the integration yard for further

hook-up to the gas turbine stacks, with a delivery time of 20-24 months. The CCS

plant capacity is fitted to an offshore facility with several turbines in

operation. Various gas turbine models are now considered compatible with our

capture units," said Jim Stian Olsen, Chief Technology Officer at Aker Carbon

Capture.

Just CatchT onshore model important starting point

Currently, Aker Carbon Capture is delivering a Just CatchT EPC project for

Twence's waste-to-energy facility in Hengelo, the Netherlands.

"The proven Just CatchT onshore plant model has been an important starting point

for the development of our Just Catch OffshoreT solution. Nonetheless, as the

offshore environment and the design criteria are different from our land-based

applications, we found it necessary to undertake a qualification program for our

Just Catch OffshoreT unit. The need to include other materials, as well as the

necessity to handle and maintain the plant performance during severe motions

have been important criteria for further design adjustments," said Jim Stian

Olsen.

Offshore CCS a cost-efficient alternative

Gas turbines that are used for power generation offshore can be an efficient

local source of energy, covering the electrical and heat demand for both the

offshore host facility, as well as for the carbon capture process. "The energy

efficiency can exceed 80 percent when utilizing all waste heat from the turbine

exhaust. By implementing CCS instead of power from shore, there is no large

electrical transmission loss across the onshore grid, and onshore power can be

utilized elsewhere. Where local storage is available, the investment cost of CCS

can compete with the cost of a PFS solution in several field developments,"

concludes Valborg Lundegaard.

ENDS

Media contacts

Aker Carbon Capture: Yannick Vanderveeren, mob: +47 458 36 358 (http://tel:+47

458 36 358), email: [email protected]

DNV: Neil Slater, Head of Media Relations, Energy Systems, DNV, mob: +44 (0)

7876 578 353 (http://tel:+44 (0) 7876 578 353), e-mail: [email protected]

Investor contacts

David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:

[email protected]

Christian Yggeseth, mob: +47 915 10 000 (http://tel:+47 915 10 000), 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 DNV

DNV is the independent expert in risk management and assurance, operating in

more than 100 countries. Through its broad experience and deep expertise DNV

advances safety and sustainable performance, sets industry benchmarks, and

inspires and invents solutions.

Driven by its purpose, to safeguard life, property, and the environment, DNV

helps tackle the challenges and global transformations facing its customers and

the world today and is a trusted voice for many of the world's most successful

and forward-thinking companies.

DNV provides assurance to the entire energy value chain through its advisory,

monitoring, verification, and certification services. As the world's leading

resource of independent energy experts and technical advisors, the assurance

provider helps industries and governments to navigate the many complex,

interrelated transitions taking place globally and regionally, in the energy

industry. DNV is committed to realizing the goals of the Paris Agreement, and

supports customers to transition faster to a deeply decarbonized energy system.

Learn more at www.dnv.com

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