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News Release from: Aker Kvaerner Engineering Services | Subject: Just Catch
Edited by the Processingtalk Editorial
Team on 14 December 2005
Project for CO2 capture from gas power
Together with ten partners and Gassnova, Aker Kvaerner is to invest NOK 32 million in Just Catch, a development project for CO2 capture from gas power generation
Together with ten partners and Gassnova, Aker Kvaerner invests NOK 32 million in Just Catch, the name adopted for this Trade-Marked project Just Catch aims to develop a technology enabling a more cost efficient way of capturing CO2
This article was originally published on Processingtalk on 7 Feb 2005 at 8.00am (UK)
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The environmentally friendly technology, which can be implemented for gas power plants by 2010, will be owned by Aker Kvaerner.
The project is a result of a study done in 2004 and 2005 which indicated a significant potential for cost reductions applying new technological solutions.
The study showed a reduction of 50 percent on investments and 30 percent on operating costs compared to a reference facility developed by the international joint industry project, Carbon Capture Project.
The reductions are results of fewer, but larger components, modern absorption chemicals and innovative design of the facility.
Ten partners from the energy industry have joined Aker Kvaerner in Just Catch.
The main goal is to further develop the findings from the study to a viable solution, reducing both technical and economic risks.
There will be extensive pilot testing in the project.
The project will run for two years and form the basis for a final investment decision.
The technology may also be applied for coal fired power plants and other industrial CO2 sources.
Aker Kvaerner will involve several other suppliers and research institutes in the work.
The total investments in the project are NOK 32 million, funded by Gassnova and the partners.
Gassnova, which is a Norwegian governmental organisation promoting technology development for carbon emission abatement, will cover up to 50 percent of the investments.
The partners are key Norwegian and international companies within the energy sector.
They represent some of the most likely developers of gas power plants in Norway and potential users of CO2 for increased oil recovery (IOR).
* Gassco.
* Fortum.
* Hydro.
* Lyse.
* Petoro.
* Shell Technology Norway .
* Skagerak Kraft.
* Statkraft.
* Statoil.
* Ostfold Energi.
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