Aker, Microsoft to cooperate on CCUS projects

Aker Carbon Capture has signed a memorandum of understanding (MoU) with Microsoft to pursue opportunities in the carbon capture, utilisation and storage (CCUS) market, the company said on March 23.

"Collaboration is the key to success and a pre-requisite for reaching net zero. By fully using the digital capabilities and domain expertise of our two companies we can support industrial emitters to take action and accelerate the deployment of carbon capture," said Aker Carbon Capture CEO Valborg Lundegaard.

The companies will demonstrate the full value chain of carbon reduction and removal utilising Aker’s proprietary CCUS technology and Microsoft's digital capabilities to enable the ecosystem for the voluntary carbon market, providing traceability and data.

"The science is clear; we all need to reduce our emissions as much as possible and remove carbon from the atmosphere in order for the world to reach net zero. In Aker Carbon Capture we have a partner that supports this goal and together, we aim to enable the industrial sector to move with pace and scale toward a net zero future by leveraging the power of technology," said Darryl Willis, CVP of Energy Industry at Microsoft.