Regulatory Filings • Jun 15, 2022
Regulatory Filings
Open in ViewerOpens in native device viewer
New flagship project for Aker Carbon Capture in the UK
To develop the groundbreaking Keadby 3 Carbon Capture Power Station, UK energy
company SSE Thermal and Equinor have selected a consortium of Aker Solutions,
Siemens Energy and Doosan Babcock, with Aker Carbon Capture as the carbon
capture provider. The consortium has been awarded the FEED contract for the gas
-to-power plant equipped with carbon capture technology to be built in the
Humber region. Aker Carbon Capture and the consortium have agreed on the
essential key terms and expect to sign the formal agreement shortly.
Over the next 12 months, the consortium will deliver together with Aker Carbon
Capture a detailed plan for the proposed plant - which would have a generating
capacity of up to 910MW - bringing their vast technological expertise to bear
on the realization of the decarbonized power station in the Track-1 East Coast
Cluster. Keadby 3 Carbon Capture Power Station is set to utilize cutting-edge
gas turbine technology from Siemens Energy.
The UK Government has set ambitious targets for the country to become a world
leader in carbon capture and storage (CCS) and Keadby 3 Carbon Capture Power
Station will play a pivotal role with the ability to capture up to 1.5 MT of CO2
annually, around four times the size of Brevik CCS. A recently released socio
-economic report outlined that the plant could deliver £1.2bn for the UK
economy, including significant benefits for the local area.
"Our ambition with Keadby 3 is to deliver one of the UK's first power stations
equipped with carbon capture and through awarding this contract we continue to
build momentum behind that goal. The proposed low-carbon plant at Keadby will
not only provide vital flexible power while backing up renewables, it will also
play a key role in meeting decarbonization targets. The reality is that multiple
power-CCS projects will be needed to reach net zero and we hope to see the UK
Government recognize that when it provides an update on Cluster Sequencing this
summer." said Catherine Raw, Managing Director at SSE Thermal.
"We are delighted to be an essential part of such an important project with our
field-proven carbon capture technology," said Valborg Lundegaard, Chief
Executive Officer at Aker Carbon Capture. "We support SSE Thermal's strategy to
deliver solutions to provide energy needed today while building a better world
of energy for tomorrow. This project helps strengthen British energy security
and contributes at the same time to the decarbonization of the industry. This is
a giant leap forward for Aker Carbon Capture in terms of further establishing
our carbon capture business in the UK."
ENDS
Media contact:
Ivar Simensen, mob: +47 464 02 317 (http://tel:+47 464 02 317), email:
Yannick Vanderveeren, mob: +47 458 36 358 (http://tel:+47 458 36 358),
email: [email protected]
Investor contacts:
David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:
Christian Yggeseth, mob: +47 915 10 000 (http://tel:+47 915 10 000), email:
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/).
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange announcement was published by Katja Aanestad, Marketing
Communications, Aker Carbon Capture on 16 June 2022 at CEST 08:00.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.