Fortum Corporation and Kvaerner have signed a memorandum of understanding (MoU) to identify projects and opportunities for e.g. technical, or commercial cooperation. The companies are both engaged in, for example, onshore energy plants, waste management, and wind projects. The non- exclusive cooperation can cover other areas as well.

One opportunity to be evaluated is the potential realization of a new and very much needed carbon capture plants. Fortum is driving the change towards cleaner energy, decarbonization, and more sustainable use of natural resources. The company invest in CO2-free energy production and are active in piloting Carbon capture solutions and other initiatives to reduce CO2-emissions.

Kvaerner is a valuable partner for potential future Fortum projects in its common efforts to mitigate climate change. Any future realization of collaboration between the parties is subject to applicable statutory, contractual, or internal procurement regulations.