Aker Carbon Capture ASA (OSL:ACC)

kr 7.415 -0.015 (-0.2%) Market Cap: 4.48 Bil Enterprise Value: 3.62 Bil PE Ratio: 0 PB Ratio: 6.90 GF Score: 49/100

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Q1 2021 Aker Carbon Capture AS Earnings Call Transcript

May 04, 2021 / 07:30AM GMT

Release Date Price: kr15.3 (-8.93%)

Transcript

Ivar Simensen

Good morning. (foreign language).

Valborg Lundegaard

Aker Carbon Capture AS - CEO

Good morning. Aker Carbon Capture's first quarter included the start-up of the Brevik CCS EPC project and several new partnerships. We have experienced positive market development in the quarter with continuous increase in CO2 quota prices, several countries and companies setting more ambitious targets for CO2 reduction and most important, increased activity in group. Our focus is on the CCUS market only, and our customers will have our full attention. And for investors, this opens up for investments in a pure-play company, not a conglomerate of segments.

Our proprietary technology has been developed over 20 years, and it's validated over 50,000 operating hours and certified for several applications by D&B. Aker Carbon Capture's technology is cost effective, robust and flexible to us. They want to reduce their emissions and not introduce new emissions or hazardous chemicals. That is why our technology's unique HSE characteristics are also a commercial

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