Aker Kvaerner Launch CO2 Capture Development Project

Together with ten partners and Gassnova, Aker Kvaerner has invested NOK 32 million in Just Catch(TM). The project aims to develop a technology enabling a more cost efficient way of capturing CO2. The environmental friendly technology, which can be implemented for gas power plants within 2010, will be owned by Aker Kvaerner.

The project is a result of a study done in 2004 and 2005 which indicated a significant potential for cost reductions applying new technological solutions. The study showed a reduction of 50 percent on investments and 30 percent on operating costs compared to a reference facility developed by the international joint industry project, Carbon Capture Project. The reductions are results of fewer, but larger components, modern absorption chemicals and innovative design of the facility.

Ten partners from the energy industry have joined Aker Kvaerner in Just Catch(TM). The main goal is to further develop the findings from the study to a viable solution, reducing both technical and economic risks. There will be extensive pilot testing in the project. The project will run for two years and form the basis for a final investment decision. The technology may also be applied for coal fired power plants and other industrial CO2 sources.

Aker Kvaerner will involve several other suppliers and research institutes in the work. The total investments in the project are NOK 32 million, funded by Gassnova and the partners. Gassnova, which is a Norwegian governmental organisation to promote technology development for carbon emission abatement, will cover up to 50 percent of the investments.

Partners in the Project:
Gassco
Fortum
Hydro
Lyse
Petoro
Shell Technology Norway
Skagerak Kraft
Statkraft
Statoil
Østfold Energi

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Posted 23/12/05

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