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/ Aker Carbon Capture ASA / Aker Carbon Capture ASA : third - qu ... Aker Carbon Capture ASA : third - quarter results 2021 MON , OCT 25 , 2021 07:00 CET AKER CARBON CAPTURE Q3 2021 Oslo , October 25 , 2021 Valborg Lundegaard , CEO # 22 De Subscribe Highlights Brevik CCS progressing accordi MoUs Viridor . Carbonor Greensand Twence funding approved by EU Carbon Capture as a Service launched Testing on smelter emissions with Elkem Capital raise through private placement Media Documents & Links Aker Carbon Capture made good progress with new and existing projects in the third quarter , as the pure - play carbon capture specialist continued its international expansion . " We see clear signs of acceleration across the carbon capture market worldwide , and we continue to position our company to be a leading player in this important and fast - growing industry , " said Valborg Lundegaard , Chief Executive Officer of Aker Carbon Capture . Highlights in the third quarter included progress made in the Brevik CCS project and securing a number of agreements with new customers in the company's targeted regions and industries . Aker Carbon Capture continued to mature the Brevik CCS project to deliver the world's first industrial - scale carbon capture plant at a cement factory . In the summer , the Group launched its innovative Carbon Capture as a Service business model . This positions Aker Carbon Capture to deliver and operate the full carbon capture value chain through strategic partnerships , and through a service model , allows customers simply to pay per tonne captured CO2 . The first project to utilise this approach could be with Carbonor , with whom Aker Carbon Capture signed a Memorandum of Understanding ( MoU ) to jointly develop the company's planned low CO2 char production in Øygarden in Western Norway . The project will utilize Aker Carbon Capture's Just Catch 100 technology integrated with Carbonor's pyrolysis technology to produce low - emission , high - carbon reductants for the alloy industry . Aker Carbon Capture joined the Danish Greensand CO2 transport and storage project as part of a strong industry consortium to drive forward one of Europe's leading CO2 infrastructure projects . The European Commission announced in August that it had found a EUR 14.3 million Dutch investment aid to Twence Holding BV to build a carbon capture and use facility to be in line with EU State aid rules . Aker Carbon Capture has signed a contract with Twence for the project to enable the removal of CO2 from flue gases at Twence's waste - to - energy installation facility located in Hengelo , in the Netherlands . The project is expected to start in the fourth quarter of 2021 . Capital raise In August , Aker Carbon Capture completed a capital increase of NOK 840 million to support the further growth of its market - leading carbon capture offering . The company issued 38,181,818 new shares in a private placement , priced at NOK 22 per share . The placement was multiple times over - subscribed amidst strong demand , particularly from international investors .