"Strategic partnerships with providers of CO2 processing, transport and storage capabilities help to optimise the value chain to fast-track the deployment of carbon capture utilisation and storage. We are pleased to collaborate with Altera Infrastructure and Höegh LNG with their maritime infrastructure expertise in our efforts to accelerate the CCUS market," said Jon Christopher Knudsen, Chief Commercial Officer of Aker Carbon Capture.
The parties will collaborate on offering carbon capture as a service to industrial emitters, enabling cost-effective implementation of the full value chain needed to realise CCUS projects for industrial emitters.
Altera Infrastructure and Höegh LNG are global maritime and infrastructure companies, providing services in the CCUS value chain including gaseous and liquid CO2 gathering, purification, liquification, transportation and permanent underground storage of CO2. Their Stella Maris CCS project covers large-scale transport with shuttling of CO2 to an offshore site for injection and permanent storage in a relevant subsea reservoir.
Ingvild Sæther, Group CEO of Altera, said large scale maritime CCS is seen as a cornerstone in Altera's future business and a concept we have been working on for more than a decade, more recently with Höegh LNG. “We believe delivery of CCUS will be required to achieve a meaningful contribution to net zero and we are delighted to be collaborating with Aker Carbon Capture as a leader in carbon capture technology."
The collaboration is non-exclusive, allowing the parties to offer a full value chain offering at locations where the combined technical concept of Aker Carbon Capture's technology and the processing and shipping capabilities of Altera Infrastructure and Höegh LNG is best suited, whilst leaving the parties with flexibility to work with alternative solutions elsewhere.
"These collaborations represent key building blocks in our Carbon Capture as a Service; Carbon Capture Made EasyTM offering, enabling source-to-storage decarbonisation at a pay per tonne captured CO2 model," added Knudsen.
Höegh LNG operates world-wide in a leading position as owner and operator of floating LNG import terminals, FSRUs (Floating Storage and Regasification Units) and is one of the most experienced operators of LNG Carriers (LNGCs).
Altera Infrastructure is a leading global energy infrastructure services group primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Its current fleet comprises FPSOs, shuttle tankers, towing vessels and a unit for maintenance and safety.
China Petroleum & Chemical Corporation (Sinopec) recently completed the construction of China's first megaton CCUS project, the Qilu-Shengli Oilfield CCUS, which will reduce carbon emissions by 1mn tons per year.
The global CCUS market, worth US$1.9bn in 2020, is expected to grow to US$7bn by 2030, according to Allied Market Research.