Capsol Technologies To Float On Oslo Stock Exchange On June 19

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

Norway’s Capsol Technologies (FRA: W9K), a leading carbon capture solutions provider, has announced its plan to list on the main board of the Euronext Oslo Stock Exchange, with the first trading day expected to be June 19th.

The company is currently listed on Euronext Growth Oslo as CAPSL.

The prospectus was published on May 24 and is available here. The application period for the retail offering will run from May 28 until June 5, 2024, and any extensions will be announced through the Oslo Stock Exchange’s information system.

More information for applicants can be found in the press release published Tuesday on the company’s website.

Capsol Technologies completed an $8 million (€7.4 million) equity offering in February 2024, securing full financing for its strategic initiatives, including North American expansion and the launch of its new proprietary carbon capture technology for gas turbines, CapsolGT.

In July 2022, the company’s CapsolEoP solution was selected by Swedish utility Stockholm Exergi for a large-scale bioenergy with carbon capture and storage (BECCS) project, aiming to capture 800,000 tons of carbon dioxide (CO2) annually once operational.

Microsoft has committed to purchasing 3.33 million tons of permanent carbon removals from this project, marking the world’s largest such commitment to date.

Relevant: Capsol Technologies To Raise €8-10M In Equity Issue; Announces Partnership With Munters

According to CEO Wendy Lam, Capsol Technologies is one of the few “pure-play” carbon capture technology companies listed globally.

By moving to the main board of the Oslo Stock Exchange, the company is making its shares more accessible to international investors, encouraged by our progress in Europe with four major decarbonizing industries: biomass, energy-from-waste, cement, and gas turbines, the chief executive said.

Lam further noted that the company’s entry into North America, the largest CCS market globally, is focused on deploying their integrated post-combustion carbon capture and heat recovery system to hard-to-abate industries.

With a business model designed for scalability and strong partnerships with major industry players, Capsol Technologies is well equipped to achieve substantial climate impact while delivering appealing returns for investors, she concluded.

Read more: Capsol Awarded Pre-Feed Study To Customize Carbon Capture Solution

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