Fortum and Kvaerner cooperate on CO2 capture

Mar 02 2020

Fortum Corporation and Kvaerner have signed a memorandum of understanding (MoU) to identify projects and opportunities for technical or commercial cooperation including CCS for waste to energy.

One opportunity to be evaluated is the potential realisation of new carbon capture plants.

"We are very excited to sign this MoU with a partner like Kvaerner to further strengthen Fortum's energy initiatives. One of the possible projects is carbon capture and storage (CCS) for Waste-to-Energy (WtE) plants. CCS is very well suited for combatting climate change and creating a cleaner world," says Fortum's President and CEO Pekka Lundmark.

Fortum is looking to drive the change towards cleaner energy, decarbonization, and more sustainable use of natural resources. It invests in CO2-free energy production and is active in piloting carbon capture solutions and other initiatives to reduce CO2-emissions. Kvaerner is a valuable partner for potential future Fortum projects in their common efforts to mitigate climate change.

"Carbon capture and storage facilities will be a significant focus area for Kvaerner moving forward, and it is a great advantage for us to be partnering up with Fortum. We are excited to join them in accelerating the change by reshaping energy systems, improving resource efficiency and providing smart solutions for the future," says President and CEO in Kvaerner, Karl-Petter Løken.


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