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Aker Solutions Dives Further Into Carbon Capture

Aker Solutions The Aker Group further reinforces its carbon capture credentials when Aker Solutions today signs a FEED (front-end engineering and design) study contract with Gassnova to identify a suitable process for subsea storage of CO2.

Scope of work for the FEED study is to evaluate and develop a subsea system for injection of CO2 into the seabed.

"To play an active role in developing something as technologically challenging and environmentally significant as subsea CO2 storage means a lot to us. We are very pleased to work with Gassnova on this groundbreaking project," says Mads Andersen, executive vice president, Aker Solutions.

Gassnova is the Norwegian state enterprise for the development of carbon management technology and implementation of carbon capture and storage.

Contract value for the FEED study, which is expected to be concluded mid-2009, is approximately NOK 12 million. The study will be managed out of Aker Solutions' headquarters in Oslo, Norway.

"This contract further underlines the unique competence and capabilities that Aker Solutions and other Aker companies posess when it comes to CO2 handling and storage technologies. It might be a relatively small market now, but this technology has great future potential," adds Andersen.

This news follows Friday's announcement that Aker Clean Carbon, with Aker Solutions as commercial partner, has been awarded a contract from Gassnova to build the European CO2 Test Centre Mongstad, Norway.

Leading experts rank carbon capture as a vital technology in efforts to overcome global climate challenges. Aker Solutions and Aker Clean Carbon intend to become key suppliers of technology and turnkey facilities for carbon capture worldwide.

Contract party is Aker Solutions subsidiary Aker Subsea AS.

Posted 09/02/09

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