Aker Carbon Capture and CO280 form strategic alliance to develop carbon removal projects in the pulp and paper industry
Aker Carbon Capture and CO280 form strategic alliance to develop carbon removal projects in the pulp and paper ... Cision News
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Aker Carbon Capture and CO280 Solutions Collaborate on Large-Scale Carbon Dioxide Removal Projects
Aker Carbon Capture and CO280 Solutions have signed a Memorandum of Understanding (MoU) to collaborate on the development of large-scale Carbon Dioxide Removal (CDR) projects in the pulp and paper industry in the US and Canada. The aim of these projects is to deliver permanent, verifiable, and affordable carbon removals, aligning with the Sustainable Development Goals (SDGs).
Collaboration for Point Source Carbon Capture Plants
As preferred partners, Aker Carbon Capture and CO280 Solutions will collaborate on a project-by-project basis to develop point source carbon capture plants for pulp and paper mills. The collaboration will focus on deploying Aker Carbon Capture’s modularized Just Catch series, which offers a standard CDR solution. This solution includes post-combustion carbon capture and compression for recovery boilers, power boilers, lime kilns, and other stack emissions.
Addressing the Supply Gap in the CDR Market
CO280 Solutions is a leading developer of Carbon Dioxide Removal projects in the pulp and paper industry. Through partnerships with pulp and paper companies, CO280 develops, finances, owns, and operates large-scale CDR projects. These projects aim to address the critical supply gap in the CDR market by providing permanent, verifiable, and affordable CDR to corporate buyers in the voluntary market. Notably, JPMorgan Chase signed one of the largest carbon removal agreements with CO280 in May 2023. Currently, CO280 has over 10 million tonnes per year of permanent CDR under development.
Unlocking the Carbon Removal Opportunity in North America
The pulp and paper industry in North America presents a significant carbon removal opportunity, with a potential of up to 130 million tonnes per year. This is due to the fact that individual mills have a CO2 emissions profile that is 80-90% biogenic. By capturing and sequestering biogenic CO2 from pulp and paper mills, the CDR market can be scaled up, contributing to the decarbonization of the industry and having a positive impact on the environment.
Enabling Large-Scale Delivery of CDRs
Egil Fagerland, Chief Executive Officer at Aker Carbon Capture, expressed excitement about the collaboration, stating that carbon capture plays a key role in achieving global climate goals by enabling both carbon reduction and carbon removal. Together, Aker Carbon Capture and CO280 Solutions aim to enable large-scale delivery of CDRs. Jonathan Rhone, Chief Executive Officer of CO280 Solutions, emphasized the potential of the alliance to create the world’s first permanent, verifiable, and affordable CDR solution at scale.
Aker Carbon Capture’s Modular Offering
Aker Carbon Capture’s Just Catch
modular offering is a standardized product that allows for the pre-fabrication of carbon capture units. The company is currently delivering seven carbon capture units, including five Just Catch 100 units to Ørsted, one Just Catch 100 unit to Twence, and a Big Catch delivery to Heidelberg Materials at Brevik. These projects contribute to the company’s development of serial production of carbon capture units, providing cost and delivery benefits for the mid-scale emitter market.
Contact Information
Media Contact:
- Marianne Stigset
- Mobile: +47 41 18 84 82
- Email: marianne.stigset@akerhorizons.com
Investor Contacts:
- David Phillips
- Mobile: +44 7710 568279
- Email: david.phillips@akercarboncapture.com
CO280 Contact:
- Tom Raith
- Mobile: +1 415 318 6865
- Email: tom@co280.com
About Aker Carbon Capture
Aker Carbon Capture is dedicated to carbon removal and reduction. The company offers proven modular solutions that enable industries to deploy capture technology at speed and scale, aligning with the Sustainable Development Goals (SDGs).
Visit akercarboncapture.com and connect with us on LinkedIn, Facebook, Twitter, Instagram, and YouTube.
This press release may include forward-looking information or statements and is subject to our disclaimer, see akercarboncapture.com.
About CO280 Solutions Inc.
CO280 Solutions Inc. is a developer of carbon removal projects. The company partners with leading pulp and paper companies to develop Carbon Dioxide Removal (CDR) projects that deliver a new standard of permanent, verifiable, and affordable carbon removal credits to the voluntary carbon market.
Visit co280.com and connect with us on LinkedIn.
SDGs, Targets, and Indicators in the Article
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 7: Affordable and Clean Energy
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 13: Climate Action
- SDG 15: Life on Land
The article discusses the collaboration between Aker Carbon Capture and CO280 Solutions to develop large-scale Carbon Dioxide Removal (CDR) projects in the pulp and paper industry. This is directly connected to SDG 7 (Affordable and Clean Energy) as it aims to reduce carbon emissions and promote clean energy solutions. The development of CDR projects also aligns with SDG 9 (Industry, Innovation, and Infrastructure) as it involves the implementation of innovative technologies in the industry. Additionally, the focus on carbon removal and reduction contributes to SDG 13 (Climate Action) by addressing climate change mitigation. Lastly, the article mentions that the pulp and paper industry represents a carbon removal opportunity, which relates to SDG 15 (Life on Land) as it aims to protect and restore terrestrial ecosystems.
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 7.2: Increase the share of renewable energy in the global energy mix
- SDG 9.4: Upgrade infrastructure and retrofit industries to make them sustainable
- SDG 13.2: Integrate climate change measures into national policies, strategies, and planning
- SDG 15.2: Promote the implementation of sustainable management of all types of forests
The specific targets identified based on the article’s content include increasing the share of renewable energy in the global energy mix (SDG 7.2), upgrading infrastructure and retrofitting industries to make them sustainable (SDG 9.4), integrating climate change measures into national policies, strategies, and planning (SDG 13.2), and promoting the implementation of sustainable management of all types of forests (SDG 15.2).
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Number of carbon capture plants implemented in the pulp and paper industry
- Amount of carbon dioxide removed and stored permanently
- Percentage increase in the share of renewable energy in the pulp and paper industry
- Number of sustainable management practices implemented in forests
The article mentions the collaboration between Aker Carbon Capture and CO280 Solutions to develop carbon capture plants for the pulp and paper industry. The number of carbon capture plants implemented can be used as an indicator to measure progress towards upgrading infrastructure and retrofitting industries (SDG 9.4). The amount of carbon dioxide removed and stored permanently can be used as an indicator to measure progress towards integrating climate change measures (SDG 13.2) and promoting sustainable management of forests (SDG 15.2). Additionally, monitoring the percentage increase in the share of renewable energy in the pulp and paper industry can be used as an indicator for SDG 7.2.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | 7.2: Increase the share of renewable energy in the global energy mix | Percentage increase in the share of renewable energy in the pulp and paper industry |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: Upgrade infrastructure and retrofit industries to make them sustainable | Number of carbon capture plants implemented in the pulp and paper industry |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning | Amount of carbon dioxide removed and stored permanently |
| SDG 15: Life on Land | 15.2: Promote the implementation of sustainable management of all types of forests | Number of sustainable management practices implemented in forests |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: news.cision.com
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