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Capsol Technologies awarded two new carbon capture feasibility studies

Capsol Technologies awarded two new carbon capture feasibility studies
A simplified overview of Capsol´s End of Pipe (EoP) carbon capture technology utilizing a patented heat recovery process in conjunction with the safe Hot Potassium Carbonate (HPC) solvent (image courtesy Capsol).

Norway-headed carbon capture technology provider Capsol Technologies AS has announced that it has been awarded feasibility studies for its proprietary end-of-pipe carbon capture technology CapsolEoP at two large cement plants in the EU with the potential to capture more than 1.5 million tonnes of carbon dioxide in total per annum.

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The undisclosed company owning the two cement plants has operations in more than 10 countries, with total emissions of more than 20 million tonnes of carbon dioxide (CO2) in 2022. The studies will start in Q3 2023.

We are receiving a firm response from the industry – a strong indication that our CapsolEoP provides highly competitive value propositions for cement. CapsolEoP reduces energy consumption by more than 50 percent compared to competing technologies, resulting in 25 percent lower costs per tonne of CO2 captured. In addition, the CapsolEoP is safe and not harmful to the local environment, said Jan Kielland, CEO of Capsol Technologies.

These awards are Capsol Technologies’ third and fourth engineering studies for
the cement industry.

In total, Capsol currently has nine cement projects in sales engineering and engineering studies totaling a potential of about 10 million tonnes of CO2 to be captured annually.

Cement, which is one of Capsol Technologies’ four target segments, is estimated
by the International Energy Agency (IEA) to account for more than 300 million tonnes of captured CO2 in 2030, representing 30 percent of total installed carbon capture capacity.

Hence, it represents the largest industry opportunity for carbon capture.

We are pleased that our solution is gaining attention as demonstrated by an increasing number of incoming requests for sales engineering and engineering studies and look forward to being a major contributor in the path to net zero for cement, Jan Kielland said.

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