CAPSOL TECHNOLOGIES ASA Oslo, Norway -16 March 2023 CO2 Capsol has been selected by KVA Linth to conduct a feasibility study for the CapsolEoPTM (end-of-pipe) carbon capture technology at aWaste-to-Energy plant located inSwitzerland . Once modernised in 2025, the plant has a carbon capture potential of more than 100,000 tonnes of CO2 per year, of which half of the CO2 comes from biogenic sources. "We are pleased to be awarded this feasibility study with KVA Linth, which is a confirmation of our strong traction for carbon capture within the Waste-to-energy industry. Since a large part of the waste has biogenic origin, capturing and storing the CO2 is an effective way of removing CO2 from the atmosphere (negative emissions) with our safe and environmentally friendly technology for capturing of CO2 from flue gases," saysJan Kielland , CEO of CO2 Capsol. Currently, there are over 2,600Waste-to-Energy plants globally with an incineration capacity of around 460 million tonnes of waste per year. This number is expected to increase, to about 3,000 plants with a capacity of about 630 million tonnes by 2031, according to environmental and energy technology consultancy Ecoprog. One tonne of waste incinerated equals about 1 tonne of CO2 emissions that can be captured. Traction within theWaste-to-Energy industry CO2 Capsol is emerging as an attractive technology provider for CO2 capture fromWaste-to-Energy plants. Recent activities include: o InSeptember 2022 , a CapsolGo® carbon capture demonstration campaign was initiated at Oresundskraft´s Energy-from-Waste plant Filbornaverket in Helsingborg,Sweden . o During Q1 2023, a 12-month CapsolGo® demonstration campaign for a major German energy company will start operating at an Energy-from-Waste plant and later at a biomass-fired combined heat and power plant. o CO2 Capsol signed inDecember 2022 a Cooperation agreement with Sumitomo SHI FW for delivery of standardised carbon capture plants forWaste-to-Energy plants. o CO2 Capsol is working with Sumitomo SHI FW and Woima to develop a carbon capture plant at Westenergy'sWaste-to-Energy plant in Vaasa,Finland . For further information, please contact:Ingar Bergh Chief Financial OfficerCO2 Capsol AS +47 926 20 330 ingar.bergh@co2capsol.com About CO2 Capsol CO2 Capsol is a carbon capture technology provider with a goal to accelerate the transition to a carbon negative future. The company's energy efficient, cost competitive and environmentally friendly solution is licensed out either directly to customers or through industrial partners globally. Key target segments include cement, biomass, energy-from-waste, power generation and large industrial. CO2 Capsol is listed on Euronext GrowthOslo, Norway (ticker: CAPSL). For more information visit co2capsol.com.
Click here for more information
© Oslo Bors ASA, source
