jogife schrieb 18.03.24, 10:18
Am 18.03.24, 09:58 schrieb David Phillips :
Thanks for your email
This is not a rumour – it’s a fact – was published by GE and Technip on Friday, and that led to the share price decline
This is unfortunate for us, but it is important to see it in the right context:
- Probably the 1st mainstream project we have not won, having been successful with ALL other projects we have chased that have moved forward (Orsted, Twence, Brevik, also our “win” at Celsio in Norway), so from one angle, although disappointing, we cannot expect to win them all
- This is a project where ACC is the technology supplier to a consortium; its important to remember that, because we are a sub-supplier to a consortium that was not successful – this is NOT a comment on our technology (which performed extremely well with high capture rates), rather on the overall cost of the consortium, newbuild gas power plant, civil engineering etc – all in
- (also – sometimes not as well understood – as we are a sub-supplier, not owning the whole project, the financial scope for us is “medium sized” even for such a large project)
- The UK is still a promising market for us – especially with waste to energy (smaller and larger plants) and still also with gas power – we are the “only” technology supplier for Keadby 3 (SSE), and we are heavily involved (although with some competition) with Runcorn (Viridor) and Uiper
- The US market (and Norway/Denmark) are likely to provide us with encouraging news in 2024 especially, as we have said before (our news from the US the other week – with CO280/pulp & paper) is just the start of what should be a long train of news to come
I’m a “reasonable” shareholder as well btw, so 100% feel the impact of the share price, but we (and I) are confident that the long term picture for CCS (and our position in it) is a good one – just need to win more work!
Thanks
David
David Phillips
Head of Capital Markets & New Market Strategy
Mob: +44 7710 568279
david.phillips@akercarboncapture.com
Aker Carbon Capture ASA
United Kingdom: Sustainable Ventures, County Hall (5th Floor), Belvedere Rd, London SE1 7PB
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