European cement producer to test Capsol's carbon capture technology
European cement producer to test Capsol's carbon capture technology
Capsol Technologies, a leading provider of carbon capture technology, has signed
a CapsolGo[®] rental agreement with a large European cement producer. The
agreement includes the delivery of a six-month carbon capture and liquefaction
demonstration campaign at a European cement plant.
"We're proud to support the European cement producer on their path toward
decarbonization and to demonstrate how our carbon capture solution can deliver
efficient, cost-effective emissions reductions in hard-to-abate sectors. During
the carbon capture and liquefaction process, we will perform an extensive gas
and liquid analysis to support the producer's CCS investment decisions in what
will be our fourth demonstration campaign for the cement industry," said Wendy
Lam, CEO of Capsol Technologies.
Delivery of the CapsolGo[®] carbon capture and liquefaction units and
commencement of testing is scheduled for Q1 2026. The CapsolGo[®] demonstration
campaign builds on a previously completed CapsolEoP[®] feasibility study,
reinforcing the project's technical and commercial viability.
Capsol's current project pipeline of large-scale cement projects in engineering
study phases and CapsolGo® demonstration campaigns have a total potential carbon
capture capacity of more than 12 million tonnes of CO2 annually.
Under the agreement, the CapsolGo® demonstration unit will be delivered as a
turnkey solution, encompassing installation, operation, and testing. The
objective is to generate valuable operational data and insights to support the
producer in making informed decisions about future carbon capture investments.
About CapsolGo® demonstration units
· CapsolGo[®] demonstration projects are designed to provide emitters with
carbon capture data using Capsol's HPC-based (hot potassium carbonate) process
on their specific plants. The non-proprietary solvent also facilitates easier
permitting, supporting accelerated decision processes towards full-scale carbon
capture.
· A standard CapsolGo[®][ ]demonstration campaign is offered on a rental
basis. It typically lasts six months and includes transportation, installation,
operation, and testing services.
· Capsol's HPC-based process uses potassium carbonate as the CO2 solvent, a
process that is well-documented and used in more than 750 plants globally in
multiple industries. A patented energy recirculation process offers low capture
costs and the flexibility to monetize heat and electricity.
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capsoltechnologies.com/investors
For further information, please contact:
Jacob Zeno Clausen Krøvel
SVP Investment and Strategy, Capsol Technologies
+47 484 03 225
[email protected]
About Capsol Technologies
Capsol Technologies ASA is a carbon capture technology provider with a goal of
accelerating the world's transition to a net zero future. The technology
combines inherent heat recovery and generation in a stand-alone unit based on a
proven and safe solvent. Capsol's technology is licensed either directly to
customers or through industrial partners globally. Capsol's key segments include
cement, biomass, energy-from-waste and gas turbines.Capsol Technologies is
listed on Euronext Oslo Børs (ticker: CAPSL). For more information visit
capsoltechnologies.com.