Let’s get a thread started for the Aker spinoff. This is a company spun off from parent company Aker and is now continuing as its own company on the stock exchange.
These are from the company’s own presentation material, so if your interest was piqued, I recommend familiarizing yourself with other materials besides the company’s own!
On the negative side, it’s worth mentioning that CC isn’t entirely “green”; it’s about storing carbon dioxide in various locations. A major risk is the long-term certainty of CO2 storage. The positive aspect is that this can be implemented immediately and doesn’t require significant investments.
The Norwegian government is investing NOK 2.7 billion in the “capture”, transport, and storage of carbon dioxide.
Something is also mentioned about a total investment of over 16 billion.
Here it said that the sum would be 16 billion: https://electrek.co/2020/09/21/norway-world-first-carbon-capture-storage-project/
An article on Fortum’s website, however, states the total cost of the project as 13.1 billion. ACC is involved in both of the mentioned projects, as can be seen from the company’s presentation. https://www.fortum.com/media/2018/11/full-scale-carbon-capture-and-storage-ccs-project-initiated-norway
As a general comment, I would add that the company’s business is located in a very interesting field. Hydrogen and other environmentally friendly energy sources are being utilized in sustainable energy production. The normal amount of carbon dioxide in the atmosphere has been exceeded, it is continuously released and will continue to be released in the future. Here is a forecast from the presentation:
Thus, the technology offered by ACC is extremely important in solving one of the most perplexing and discussed problems of our time, stopping climate change. At an ideal level, the business therefore has every opportunity to succeed and grow, with the support of all states and unions.
I was just reading Nomad’s blog, where ACC-ME was mentioned, and I came to see if there was any discussion about the company here yet—well-timed
Surprisingly, the company already has recommendations from three analysis houses: SEB has issued a buy recommendation with a target price of 17.50, and Fearnley and Carnegie have target prices of 11.00 (today’s closing price is 8.53). This will definitely warrant a closer look!
@Mganga previously linked an article in another thread related to ACC (ACC), in which this purchase investment and a target price of NOK 17.5 were mentioned. Here is the article:
Thanks for the opening, this is a new acquaintance for me. I had thought that FCEL-type facilities would be included in this category, but storage is a completely different solution model. In which countries are these thought to be stored and transported by ships (waste/accident risk)?
Revenue was around 500k USD? So there’s a lot of promise ware in this too. Well, at this point, of course, there’s still a chance to get it cheaply. Is there any information about competitors?
The project(s) in which Fortum is involved with the City of Oslo aim to capture CO2 and transport it by tankers to intermediate storage facilities in Western Norway, from where it will be pumped deep beneath the seabed.
In fact, similar capture methods have been used for decades by companies like Equinor, who have received significant tax benefits.
There are several CCS (Carbon Capture and Storage) facilities associated with natural gas production around the world, for example, in the United States, Canada, and Norway.
SEB quite often throws out an outrageously high target price after their funds have heavily stocked up, buying from the sidelines (thereby raising the stock price by tens of percentages). SEB has probably been involved in the recent sharp rise in stock prices.
… and there, deep under the seabed, the CO2 gas will then remain forever, never dissolving, never reacting, and especially never rising back to the sea surface??
Uncle Masse, FA, uncle already needs a little extra oxygen daily, not extra carbon dioxide
I’ll tell you what’s bothering me about this case.
CCS (Carbon Capture and Storage) is only good if CO2 is used in further processing, e.g., for manufacturing synthetic fuels with hydrogen. Pumping CO2 from a smokestack to the seabed is not:
Very smart in general (although if the alternative is the atmosphere, one might understand it).
The environmental impact is not entirely certain.
Gives an excuse not to go straight to genuinely clean solutions.
I understand that we can’t stop emitting immediately, but somehow it feels like it’s sawing in the wrong direction to just stuff the CO2 somewhere hidden, following an “out of sight, out of mind” principle.
The Norwegians have a hell of a lot of money; someone there could now declare that, “damn it, we’re going to make Norway a leading country in synthetic fuels.” First, produce clean hydrogen with wind and water, then add CCS CO2, and ship synthetic kerosene/jet fuel/gasoline to the world with tankers.
Yeah, there’s a pilot project going on in Finland, it’s called Solar Foods. It takes CO2 directly from the air, so it doesn’t need to be brought from a factory. Of course, on a large scale, it might require a bit of external help, as taking CO2 from the air doesn’t seem to be very easy.
Liquid carbon dioxide can be pumped into, for example, depleted oil and natural gas fields, unexploited coal deposits, or saline water layers in bedrock. Therefore, one method of storage is to transport CO2 through pipelines to various geological locations. Carbon dioxide is injected under pressure (> 74 bar), causing it to penetrate cracks and pores in the rock. For this reason, CO2 is also injected very deep into the ground so that the pressure from the rock formations matches the pressure of the injected carbon dioxide. Various physical and geochemical factors prevent it from rising back to the surface, the most important being an impermeable sealing layer. When the injection stops, the CO2 remains “trapped” due to the pressure.
More recently, storage in oceans at depths of over three kilometers has been considered more, where carbon dioxide is denser than water and is assumed to form so-called CO2 “lakes”. There are still many open questions about what this would do to water bodies, including acidification and harm to aquatic organisms.
Then there are the old gas/oil field “traps” under the seas and disposal sites under the seabed. That would be a suitable place, as in principle, such a CO2 “lake” is formed which remains as its own deposit (explained above) and, in addition, the surrounding mass isolates it.
In summary, the pressure of depth keeps liquefied carbon dioxide as a liquid, and it cannot escape to the Earth’s surface, into water, or further into the atmosphere.
Originally, the carbon dioxide released into the atmosphere was stored in the Earth’s long-term reservoirs, such as oceans, forests, peatlands, soil, and fossil fuels (oil) obtained from the ground. Thus, carbon dioxide has always been in storage (from which large quantities have been released in recent decades), and ACC stores excess and climate-harmful carbon dioxide back into storage, as if going in the opposite direction in the cycle. However, in addition to carbon capture, other green future solutions are important, but carbon capture is also needed. So, if we ever achieve fully or nearly renewable energy production, this can be considered a kind of interim solution, but one that is very long-term.
ACC, however, has also expressed its willingness and plans to adapt to the market over time and to work together with those involved in renewable energy, as well as possibly utilize carbon dioxide in the chemical industry:
So, CCS (Carbon Capture and Storage) is just one option to reduce emissions, and research has shown that we won’t reach our goals without CCS. There are significant alternatives, of course:
Reduce energy consumption (by improving energy efficiency in production, energy-consuming equipment, buildings, and industrial processes)
Choose emission-free methods for energy production (nuclear, solar, hydro, and wind power) and renewable fuels
Avoid processes that produce carbon dioxide emissions (industry and, for example, transport)
