(AOF) – SLB and Aker Carbon Capture (ACC) announced the finalization of their previously announced joint venture. The new company combines the technology portfolios, expertise and operational platforms to support the accelerated adoption of carbon capture for large-scale industrial decarbonization. The headquarters of the new company will be located in Oslo. SLB owns 80% of the new company, while ACC owns the remaining 20%.
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Biogas to green activities
Obtained through the decomposition of waste, it falls into the category of green energy. It is part of the strategy of many countries, particularly in Europe, to reduce their dependence on hydrocarbon imports. Oil groups have strong ambitions in the field, as two recent operations reveal. The British BP took over the American Archaea Energy for 4.1 billion dollars. Then, the Anglo-Dutch Shell announced the acquisition of the Danish Nature Energy for $2 billion. These operations display high valuation levels, highlighting the strong potential of the sector. TotalEnergies had already taken a stake in the American Clean Energy Fuels Corp in 2018, of which it now holds 19%. It recently joined forces with Veolia to recover biomethane from waste treatment facilities.