Aker Carbon Capture AS: Fourth Quarter 2024 Results - A Strong Finish to the Year

Aker Carbon Capture ASA (ACC ASA) ended the fourth quarter of 2024 on a strong note, reporting a cash position of NOK 4.6 billion and an equity position at NOK 5.5 billion. The company's net profit for the quarter was NOK 21 million, reflecting its robust financial performance. ACC ASA's Board of Directors has proposed an extraordinary cash dividend of NOK 5.80 per share, totaling NOK 3.5 billion, subject to approval by the company's general meeting.



ACC ASA's joint venture with SLB, SLB Capturi, played a significant role in the company's overall performance and growth throughout 2024. Some key highlights include:

1. Mechanical completion of the world's first full-scale carbon capture facility at a cement plant in Norway, planned to be operational by 2025.
2. Award of an EPCIC contract from Hafslund Celsio AS to deliver a carbon capture solution at their waste-to-energy facility at Klemetsrud, Oslo.
3. Completion of commissioning and handover of the first modular carbon capture plant at Twence's waste-to-energy facility in Hengelo, Netherlands.
4. Engagement in Europe's most significant carbon capture projects, such as the Kalundborg project in Denmark, where five Just Catch systems are being deployed by Ørsted across two biomass-to-energy sites with a design capacity of capturing 500,000 tonnes of CO2 each year.

ACC ASA's strong financial performance and the success of its joint venture with SLB demonstrate the company's commitment to driving growth and innovation in the carbon capture industry. As ACC ASA looks ahead to 2025, investors can expect the company to continue pursuing strategic partnerships and expanding its portfolio of carbon capture projects, further solidifying its position as a leader in the global carbon capture market.