Aker Carbon Capture (ACC) and Carbonor are joining together to develop Carbonor’s low CO2 char using Aker’s carbon capture technology.
The two companies have signed a Memorandum of Understanding to utilize ACC’s Just Catch 100 technology that will be integrated with Carbonor’s pyrolysis technology for the production of high-carbon reductants for the alloy industry.
ACC’s Just Catch 100 is a modular and compact carbon capture unit with an annual capture capacity of 100,000 tons of CO2. The agreement with Carbonor is valid for four years and the char production will be located in Øygarden in western Norway.
According to the deal, the two partners will establish the full value chain from capture to storage, utilizing the companies’ innovative technologies. Right now, Aker is testing its mobile unit for CO2 capture at Carbonor’s site in Poland.
The joint project could become the first in which carbon capture and storage is sold as a service as the emitter will pay for the volume of CO2 captured. Another milestone that the companies aim to achieve is to commission Carbonor’s new char operations in time for the opening of the Norwegian Longship carbon capture and storage project at Øygarden in May 2024.
“Sustainably produced, low CO2 char will be an important enabler of decarbonization for the alloy industries and Carbonor will play a vital role in the drive to reduce CO2 emissions in the Norwegian process industry,” according to Tor Morne, Head of Investor Relations at Carbonor.
“Working with Carbonor will help us accelerate the CCS market,” said Jon Christopher Knudsen, Chief Commercial Officer of ACC. Such projects would also allow emitters across Europe to get rid of their emissions at prices close to the European CO2 quota system (ETS) or similar relevant reference points.
The partnership between the two carbon capture companies ACC and Carbonor is bringing new innovation in the sector and could unlock a wave of future similar projects, offering products made of CO2 to European industries. The deal is considered by both companies an opportunity to advance the deployment of carbon capture utilization and storage into new market segments.