Monday, November 4, 2024

SLB & Aker JV Wins FEED Contract for Major CO2 Project

The SLB and Aker Carbon Capture joint venture announced that its partner CO280 Solutions has been awarded the front-end engineering and design (FEED) of a large-scale carbon capture facility at a US Gulf Coast pulp and paper mill. The project, which aims to remove 800,000 tonnes of carbon dioxide emissions annually, will also enable permanent, verifiable and affordable carbon dioxide removal (CDR).

The North American pulp and paper industry has the opportunity to remove up to 130 million tons of carbon per year. By permanently capturing and storing these emissions, the industry achieves negative emissions because more carbon dioxide is removed from the atmosphere than is emitted by the process.

“This contract represents an important milestone in our partnership with CO280 to deliver large-scale carbon capture solutions to North American industry,” said Egil A. Fagerland, Chief Executive Officer of SLB-ACC JV. “We look forward to continuing our collaboration with CO280 and their pulp and paper partner to prepare a large-scale carbon capture facility through the FEED.”

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The concept design for the carbon capture plant FEED is based on SLB-ACC JV’s modularized Just Catch™ 400, a standardized and modular technology that enables the prefabrication of carbon capture units. The joint venture is already supplying Just Catch™ and Big Catch™ solutions to several industrial sites in the bioenergy, cement and waste-to-energy sectors.

“Partnerships are key to removing megatons of carbon by 2030: We are proud of the partnerships we have built in both the pulp and paper industry and the CDR markets, and our collaboration with the SLB-ACC JV as a key technology partner,” said Jonathan Rhone, Chief Executive Officer of CO280. “By capturing and permanently storing biogenic CO2 at mills, we can unlock huge potential for carbon removal in the pulp and paper industry and grow the CDR market.”

This agreement follows recent announcements by the SLB-ACC joint venture and CO280 of their collaboration to develop large-scale CDR projects in the US and Canadian pulp and paper industries , as well as their collaboration with Microsoft to scale the entire carbon capture value chain in the US and Canada through the capture and permanent storage of biogenic CO2 in pulp and paper mills.

SOURCE: Businesswire

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