Aker Carbon Capture Stock Jumps On New Partnership

Aker Carbon Capture announced on January 31st it has entered into a non-exclusive collaboration with Altera Infrastructure and Höegh LNG to explore full value chain carbon capture utilization and storage (CCUS) offerings.

Aker Carbon Capture is one of the largest public carbon capture pure-plays and Altera Infrastructure and Höegh LNG are global maritime and infrastructure companies, providing services in the carbon capture industry. Some of them include gaseous and liquid CO2 gathering, purification, liquefaction, transportation, and permanent underground storage of CO2. 

The Aker carbon capture stock (OTCMKTS: AKCCF) is up 11,79% as of 4:14 GMT on January 31st boosted by the news. The chief commercial officer of Aker Carbon Capture – Jon Christopher Knudsen, explained that the strategic partnerships with the two companies will help with the optimization of the value chain to accelerate the deployment of carbon capture utilization and storage.

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As the partnership is non-exclusive, the parties can also offer full value chain services at locations where the combined technical concept of Aker Carbon Capture’s technology and the processing and shipping capabilities of Altera Infrastructure and Höegh LNG is best suited.

“These collaborations represent key building blocks in our Carbon Capture as a Service; Carbon Capture Made EasyTM offering, enabling source-to-storage decarbonization at a pay per tonne captured CO2 model,” said Mr. Knudsen. 

Relevant: Aker Carbon Capture Reports Q3 Results, Stock Under Pressure

The partnership between the three companies – major players in the carbon capture and storage industry, is maximizing the value for emitters willing to curb their carbon footprint. Reaching the ambition of clean energy and a net zero economy involves the participation of the most promising and efficient clean energy technologies out there and carbon capture and storage is one such solution.

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