SLB and Aker Carbon Capture have announced the completion of their previously announced joint venture. The new company brings together the technology portfolios, expertise, and operational platforms of both companies to support the accelerated adoption of carbon capture solutions for industrial decarbonization at scale.
According to Gavin Rennick, president of SLB’s New Energy business, “There is no credible pathway toward net zero without deploying carbon capture and sequestration (CCS) at scale. In the next few decades, many industries that are crucial to our modern world must rapidly adopt CCS to decarbonize. Through the joint venture, we are excited to accelerate disruptive carbon capture technologies globally.”
The new company combines ACC’s amine-based Advanced Carbon Capture™ technologies, including Just Catch™ and Big Catch™ modular plant technologies for medium- and large-scale facilities, as well as Just Catch Offshore™ for offshore gas turbines, with SLB’s portfolio of technology solutions, including non-aqueous solvent and emerging sorbent-based offerings. The company currently has seven technology installations in progress that have the potential to capture up to 1 million tonnes of CO2 emissions per year.
There is no business as usual in the push toward net zero—we will accelerate decarbonization today and commercialize innovative technologies for the future,” said Egil Fagerland, newly appointed Chief Executive Officer of the SLB–Aker Carbon Capture joint venture. “We are proud of the carbon capture plants we are delivering across various industries, with each customer being an important front-runner in its segment. Successful project deliveries are paving the way for other emitters to follow,” continued Fagerland.