Aker Carbon Capture Announces Agreement to form Joint Venture with SLB

OSLO, Norway, March 27, 2024

Aker Carbon Capture ASA (Oslo: ACC) today announced an agreement with SLB to combine their respective carbon capture businesses to support accelerated industrial decarbonization at scale. 

Bringing together complementary technology portfolios, leading process design expertise and an established project delivery platform, the partnership will leverage ACC’s commercial carbon capture product offering and SLB’s new technology developments and industrialization capability. It will create a vehicle for accelerating the introduction of early-stage technologies into the global market on a commercial, proven platform. Following the transaction, SLB will own 80% of the combined business and ACC will own 20%.

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