The Norwegian company Aker Clean Carbon may be closed. Its value is set to zero. The market for carbon capture and storage is dead according to their CEO.
Guest Post by Geir Hasnes, Norway
Article in today’s net edition of Norwegian Teknisk Ukeblad (Technological Weekly).
Aker Clean Carbon may be closed
This article brings important news especially damaging for the Norwegian politicians and believers in carbon capture and storage because Norway has put itself as the avant-garde of this totally useless technology and spent untold billions of dollars on it. The moon-landing that crashed that is referred to in the article refer to Norwegian prime minister Stoltenberg’s way of comparing the development of a technology for carbon capture and storage as equivalent to the US project of putting a man on the moon. The price tag of the Mongstad moonlanding project became too high and untold obstacles kept popping up continuously during the project until it crashed last year.
Below is a quick translation of the articles as it appeared at http://www.tu.no/industri/article293599.ece
Aker Solutions gives up efforts to clean CO2 emissions.
By NTB and Mona Strande Published: 11/04/2011 at. 7:42
The market for the company’s technology for capturing and storing CO2 is “dead”, according to chairman Øyvind Eriksen. He confirmed that the closure of Aker Clean Carbon is one of the options.