Aker Carbon Capture andHitachi Zosen Inova (HZI) have signed a Memorandum of Understanding (MoU) aimed at accelerating carbon capture solutions in the waste to energy industry inEurope . The agreement outlines the two companies' ambition to combineAker Carbon Capture's patented and HSE-friendly CCS technology with HZI's proven capabilities as a turnkey supplier of waste to energy plants. "In recent years, the demand for carbon capture solutions has increased sharply on the agenda of many plant operators and key players in the waste to energy industry. Together with Aker Carbon Capture, we can develop a joint offering of truly integrated solutions for efficient and sustainable waste management, and thus accelerate the energy transition within the industry", saysBruno-Frédéric Baudouin , chief executive officer ofHitachi Zosen Inova . Through the MoU, Aker Carbon Capture andHitachi Zosen Inova have agreed to explore opportunities to develop a joint offering for HZI's customers around inEurope . The two companies will jointly deploy their deep domain expertise to optimize the integration of carbon capture in both new and existing waste incinerators. There are more than 400 waste to energy plants inEurope . "Working together with HZI has the potential to accelerate the implementation of carbon capture solutions in the waste incineration industry, reducing millions of tonnes of CO2," saysValborg Lundegaard , chief executive officer of Aker Carbon Capture. "The capabilities of HZ Inova and Aker Carbon Capture are complementary and together we will create a unique offering to waste to energy companies acrossEurope ." The Memorandum of Understanding is non-exclusive and is valid for three years. For further information, Investor and media contact:Ivar Simensen , ivar.simensen@akerhorizons.com AboutHitachi Zosen Inova Hitachi Zosen Inova is a global leader in energy from waste (EfW), acting as an engineering, procurement and construction (EPC) contractor delivering complete turnkey plants and system solutions for thermal and biological energy recovery from waste. Our solutions are based on efficient and environmentally sound technology, are thoroughly tested, can be flexibly adapted to user requirements, and cover the entire plant life cycle. The company's customers range from experienced waste management companies to up-and-coming partners in new markets worldwide. HZI's innovative and reliable waste and flue gas treatment solutions have been part of over 700 reference projects delivered since 1933. About Aker Carbon Capture Aker Carbon Capture is a pure play, carbon-capture company with solutions, services and technologies serving a range of industries with carbon emissions, including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a unique, environmentally friendly solution for removing CO2 emissions. The company is majority-owned by Aker Horizons, an investment company dedicated to creating value and reducing emissions from renewable energy and decarbonization technologies.
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