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Capsol Technologies ASA (Capsol) and Sumitomo SHI FW (SFW) announce a carbon capture demonstration campaign at Swedish Mälarenergi's combined heat and power (bio-CHP) plant in Västerås, Sweden. The demonstration unit will commence operations in November 2024 as part of a rental agreement between SFW and Capsol.
Mälarenergi and SFW have signed an agreement under which SFW will provide a mobile carbon capture demonstration facility and Mälarenergi will host the corresponding operation activities at their biomass plant in Västerås, Sweden. The mobile carbon capture unit, delivered by Capsol, is based on the Hot Potassium Carbonate (HPC) process, incorporating the patented EoP® heat recovery technology by Capsol.
The demonstration campaign will provide valuable data on the performance of the technical solution for Mälarenergi's specific flue gas conditions that can be used in optimizing the planned full-scale capture plant at Mälarenergi, which will reduce emissions by approximately 400,000 tons of CO2 each year.
"Carbon capture has great potential to counteract the climate crisis. What we need to move forward with our investigative work is plant-specific knowledge of how the technology can be applied to the combined heat and power plant in Västerås, in the most resource-efficient and optimal way possible. That is what we are now going to investigate, practically and on site," says Niklas Gunnar, CEO of Mälarenergi.
The HPC process has a CO2 capture rate exceeding 90% and produces high-purity (<99%) CO2. The electricity-powered technology produces low-temperature heat, contributing to sustainable heat production and low energy penalty. The potassium carbonate solvent is safe and non-toxic, making the HPC solution eco-friendly and fit for residential areas.
In October 2023, SFW and Capsol entered into an agreement for the delivery of two CapsolGo® demonstration campaigns to be executed within SFW's global client base. The companies have already conducted one testing campaign at Växjö Energi AB's biomass plant in Sweden.
SFW and Capsol continue close cooperation in the Nordics, developing and demonstrating innovative, concrete ways to mitigate climate change.
Capsol Technologies' traction within biomass and energy-from-waste (EfW) to date:- In total, Capsol Technologies has signed technology license agreements, engineering studies and CapsolGo® demonstration campaigns for EfW and biomass plants totaling a potential of more than 7 million tons of CO2 to be captured annually.
- In July 2022, Capsol was awarded a license agreement for using CapsolEoP® at Stockholm Exergi's biomass-powered combined heat and power plant Värtaverket in Stockholm, Sweden.
- In December 2023, Capsol was awarded a frame license agreement for using CapsolEoP® at a EfW plant of a European utility.
- In March 2024, Capsol signed a preliminary license agreement for KVA Linth's EfW plant located in Switzerland.
- Capsol has executed a CapsolGo® carbon capture demonstration campaign at Öresundskraft's EfW plant Filbornaverket in Helsingborg, Sweden.
- Capsol has executed a 12-month CapsolGo® demonstration campaign for a major German energy company, including a campaign on an EfW plant.
- Capsol has executed a CapsolGo® demonstration campaign at EEW's EfW site in Hannover, Germany.
- In October 2023, Capsol signed a contract for the delivery of two CapsolGo® demonstration campaigns to be executed at Sumitomo SHI FW's client base. The first campaign has been completed at Växjö Energi AB's Sandvik biomass plant in Växjö.
For further information, please contact:
Ingar Bergh
Chief Financial Officer, Capsol Technologies ASA
+47 926 20 330
ingar.bergh@capsoltechnologies.com
Frank Ligthart
Vice President Circular Carbon, Sumitomo SHI FW
+358 40 561 9612
frank.ligthart@shi-g.com
About Capsol Technologies
Capsol Technologies ASA is a carbon capture technology provider with a goal of accelerating the world's transition to a net zero future. The technology combines inherent heat recovery and generation in a stand-alone unit based on a proven and safe solvent. Capsol's technology is licensed either directly to customers or through industrial partners globally. Key segments include cement, biomass, energy-from-waste and gas turbines. Capsol Technologies is listed on Euronext Oslo Børs (ticker: CAPSL). For more information visit capsoltechnologies.com.
To receive Capsol's stock exchange and press releases via email, subscribe at capsoltechnologies.com/investors
About Sumitomo SHI FW
Sumitomo SHI FW (SFW) is a global provider of solutions and services that drive the decarbonization of energy. Our solutions include energy from biomass and waste, long duration energy storage, sustainable fuels, carbon capture, waste heat boilers, as well as related services to digitalize, optimize, and decarbonize assets that we deliver to the global power and industrial markets.
We strive to provide sustainable energy solutions for customers in a wide range of industries including energy, waste, chemicals, metal, sustainable fuels, cement and pulp and paper. SFW's excellence in delivering projects worldwide rely on our 1,800 talented people, across 20 locations in 14 countries, with deep know-how and experience in the industry.
Visit us atwww.shi-fw.com. Powering a decarbonized world for everyone.