Air Pollution Control Equipment Services, Clean Coal Technologies

Norway’s Aker Group signs carbon storage, carbon capture deals

9 February 2009 – Norway’s Aker Solutions has signed 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 12m ($1.8m). 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.

Aker Solutions will deliver a mechanical complete test plant for capturing CO2 at Mongstad during the summer of 2011. Pipe racks and several packages of different equipment will be built and assembled at Aker Solutions’ yard at Stord. The installation work at Mongstad will be carried out during 2010.