CO2 Capsol Receives First Order for Its CO2 Liquefaction Technology from German Energy Company
CO2 Capsol has signed a rental and service contract with an undisclosed German energy company to deliver a liquefaction unit that can be used with the CapsolGo® carbon capture demonstration unit. The project will be part of the existing 12-month contract for the delivery of two CapsolGo® demonstration campaigns deployed at an Energy-from-Waste and a biomass-fired Combined Heat and Power (CHP) plant.
“[CapsolGo®] will enable emitters to receive optimized proposals, minimizing the electricity consumption of the overall system. It also ensures flexibility and efficiency to achieve CO2 output quality required in the CCUS value chain for safe transportation, usage and long-term storage. This step moves CO2 Capsol towards becoming a one-stop shop for energy efficient and environmentally friendly capture and liquefaction process design”, said Cato Christiansen, CTO of CO2 Capsol.
CapsolGo® enables an easy and affordable way for large-scale CO2-emitters to test and verify the effectiveness of CO2 Capsol’s Hot Potassium Carbonate (HPC) technology on the client’s specific flue gas and processes, helping to accelerate the decision process towards full-scale carbon capture plants at their facilities, the company claims.
In 2022, CO2 Capsol broadened its technology offering with the addition of CapsolGo® and CapsolGT®. Co2 Capsol has expanded its services and design for CO2 liquefaction to respond to industry demand.
The delivery of the unit to the client is expected in Q3 2023. The unit will provide revenue from Q3 2023 and is expected to make positive contributions to CO2 Capsol’s cash flow over the period of the first contract.