Capsol Technologies Signs License Agreement With Leading European Utility

Capsol Technologies To Float On Oslo Stock Exchange On June 19 - Carbon Herald

Capsol Technologies has signed a Frame License Agreement for the use of CapsolEoP® in full-scale carbon capture projects with a European utility owning many waste-to-energy (WtE) and biomass plants in Europe. The first projects expected to be executed under the agreement will have a combined planned capacity of around 550 000 tonnes of CO2 per year.

The agreed license fee is within the previously communicated range. Final Investment Decision (FID), which triggers a license fee payment to Capsol, is expected within about 24 months. Engineering packages will be provided on a paid basis.

“It is encouraging to start working on high-impact projects for a customer who has ambitious emission targets and a portfolio of facilities where our technology is a great fit. Further, this agreement is a significant milestone for our company as it confirms both our value proposition and the attractiveness of our business model,” says Jan Kielland, CEO of Capsol Technologies.

Capsol is preparing the first stage of engineering work for full-scale carbon capture facilities under the agreement.

Relevant: Capsol Technologies And Storegga Partner On Carbon Capture As A Service Offerings

“We experience high and growing interest from biomass and WtE players for our safe and cost-competitive carbon capture technology, which has the potential to make facilities turn biomass and waste into not only carbon neutral but even carbon negative energy,” adds Kielland.

Capsol Technologies’ traction within WtE and biomass:

– In July 2022, Capsol was awarded a license agreement for the use of CapsolEoP® at Stockholm Exergi’s biomass powered combined heat and power plant at Värtaverket in Stockholm, Sweden, planning to capture 800 000 tonnes of CO2 per year when fully operational. FID is expected in Q1 2024 and operations from
2026.

– In September 2022, a CapsolGo® carbon capture demonstration campaign was initiated at OresundskraftŽs WtE plant Filbornaverket in Helsingborg, Sweden.

– Capsol is currently running a 12-month CapsolGo® demonstration campaign for a major German utility company.

– Capsol is currently executing a CapsolGo® demonstration campaign for German utility EEW Energy from waste.

Relevant: Capsol Technologies To Conduct Carbon Capture Studies At Cement Plant

– Delivered paid engineering study for a plant in the BECCS (Bio-energy Carbon Capture and Storage) value chain in the US.

– In April 2023, Capsol’s technology was selected for a FEED (Front End Engineering and Design) study at a specific plant in Sweden.

– In October 2023, Capsol signed a contract for the delivery of two CapsolGo® demonstration campaigns to be executed at Sumitomo SHI FW’s client base in the Nordics, at one WtE plant and one biomass plant. This will be Capsol’s third carbon capture demonstration unit in operation.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Translate »
Total
0
Share