Aker Carbon Capture AS: Fourth quarter 2024 results

Financial Performance - Aker Carbon Capture ASA ended Q4 2024 with NOK 4.6 billion in cash and an equity position of NOK 5.5 billion, reporting a net profit of NOK 21 million for the quarter [1] - The Board of Directors proposed an extraordinary cash dividend of NOK 5.80 per share, totaling NOK 3.5 billion [1] Joint Venture Developments - SLB Capturi, the joint venture between Aker Carbon Capture ASA and SLB, achieved mechanical completion of the world's first full-scale carbon capture facility at the Heidelberg Materials Brevik plant in Norway, with plans for operational status by 2025 [2] - In January 2025, SLB Capturi was awarded an EPCIC contract from Hafslund Celsio AS for a carbon capture solution at their waste-to-energy facility in Klemetsrud, Oslo [3] - SLB Capturi completed commissioning and is handing over its first modular carbon capture plant at Twence's waste-to-energy facility in Hengelo, Netherlands [3] Project Engagements - SLB Capturi is involved in significant carbon capture projects across Europe, including the deployment of five Just Catch systems by Ørsted in Kalundborg, Denmark, designed to capture 500,000 tonnes of CO2 annually [4] - The Kalundborg project is part of Denmark's first full-scale carbon capture and storage (CCS) value chain implementation [4] Company Background - Aker Carbon Capture ASA was established in 2020, leveraging over 20 years of experience in carbon capture technology [5] - The joint venture SLB Capturi was formed in June 2024, with SLB owning 80% and Aker Carbon Capture ASA owning 20% [5]