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SLB and Aker Solutions Win Contract for Carbon Capture in Norway
SLBSchlumberger(SLB) ZACKS·2025-01-30 12:11

Group 1: Project Overview - SLB, in collaboration with Aker Solutions, has secured a contract from Hafslund Celsio to implement a carbon capture solution at Norway's largest waste-to-energy plant in Klemetsrud, Oslo, as part of Norway's Longship CCS initiative [1][4] - The contract encompasses the installation of a carbon capture plant, liquefaction system, temporary storage, and ship-loading infrastructure at Oslo harbor, with the facility expected to capture 350,000 metric tons of CO2 annually [2][5] Group 2: Economic Feasibility and Industry Impact - The CEO of SLB Capturi emphasized the importance of standardization and modularization in enhancing the economic feasibility of carbon capture projects, suggesting that this project could set a global benchmark for industrial decarbonization [3] - Aker Solutions' CEO noted the project's significance in advancing Norway's CCS industry, highlighting the necessity of collaboration between public and private sectors to establish a sustainable carbon capture value chain [4] Group 3: Timeline and Expectations - The project is anticipated to be operational by the third quarter of 2029, representing a crucial step toward achieving Norway's climate goals [5]