US-headed global technology major SLB and Norway-headed pure-play carbon capture company Aker Carbon Capture AS (ACC) have announced the closing of their previously announced joint venture. The new company combines technology portfolios, expertise and operations platforms to support accelerated carbon capture adoption for industrial decarbonization at scale.
The new SLB-Aker Carbon Capture company will combine ACC’s amine-based “Advanced Carbon Capture” technologies, including “Just Catch” and “Big Catch” modular plant technologies for medium- and large-scale facilities, and “Just Catch Offshore” for offshore gas turbines, with SLB’s portfolio of technology solutions, including non-aqueous solvent and emerging sorbent-based offerings.
The company currently has seven technology installations in progress that have the capacity to capture up to 1 million tonnes of carbon dioxide (CO2) emissions per year.
There is no business as usual in the push toward net zero—we will accelerate decarbonization today and commercialize innovative technologies for the future. We are proud of the carbon capture plants we are delivering across various industries, with each customer being an important front-runner in its segment. Successful project deliveries are paving the way for other emitters to follow, said Egil Fagerland, newly appointed CEO of the SLB–Aker Carbon Capture joint venture.
The new SLB–Aker Carbon Capture joint venture company will be headquartered in Oslo, Norway. SLB owns 80 percent of the new company while ACC ASA owns the remaining 20 percent stake.
There is no credible pathway toward net zero without deploying carbon capture and sequestration (CCS) at scale. In the next few decades, many industries that are crucial to our modern world must rapidly adopt CCS to decarbonize. Through the joint venture, we are excited to accelerate disruptive carbon capture technologies globally, said Gavin Rennick, president of SLB’s New Energy business.
