Aker Carbon Capture ASA ("ACC ASA") closed the third quarter 2024 with NOK 4.5
billion in cash and a solid equity position at NOK 5.5 billion.
"Through our 20% ownership stake in the joint venture with SLB, which holds the
remaining 80%, we will continue to scale and commercialize the carbon capture
business. We are advancing carbon capture as a viable path to net zero for the
customers and society at large," said Valborg Lundegaard, CEO of Aker Carbon
Capture ASA.
The Board of Directors of ACC ASA continues the process of determining the
future strategy and structure of the company, including the framework and
conclusions for the use of the proceeds from the transaction with SLB. As part
of this process, the Board is also assessing the role and responsibilities of
ACC ASA as seller in the recent transaction with SLB and as a 20% owner in SLB
Capturi, including ACC ASA's remaining pro-rata guarantee exposure for ongoing
projects. The board will also consider future needs in ACC ASA for its
operations, investment opportunities, and in relation to SLB Capturi.
The conclusion of the Board of Directors' assessment will be communicated at the
latest within the first quarter of 2025.
SLB Capturi
In the third quarter, the joint venture with SLB unveiled its new company name