OSLO, NORWAY: CO2 Capsol and Hitachi Zosen Inova (HZI) – a Swiss Japanese greentech company – have signed a Memorandum of Understanding (MoU) to collaborate on initiatives to implement CO2 Capsol´s Hot Potassium Carbonate carbon capture technology on Waste to Energy (WtE) plants.
Plant operators and key players in the WtE industry are increasingly looking to Carbon Capture Utilization and Storage (CCUS) to decarbonize their plants.
The main objective of the MoU between CO2 Capsol and HZI is to bring together their combined expertise to develop joint offering of solutions to accelerate the implementation of carbon capture solutions to the WtE industry, combining CO2 Capsol´s energy efficient and cost competitive End of Pipe (EoP) carbon capture technology utilizing the safe Hot Potassium Carbonate (HPC) solvent, and HZI´s EPC experience to deliver turnkey Waste to Energy plants.
Jan Kielland, CEO of CO2 Capsol, says: “Capsol EoP is ideally suited to capturing CO2 from post-combustion. In HZI, we have found a partner with whom we collaborate to implement a safe and cost-effective carbon capture solution in Waste to Energy plants.”
Fabio Dinale, Vice President Business Development at HZI, adds: “This technology allows us to offer our customers a robust and efficient technology particularly suited to WtE plants.”
The Memorandum of Understanding is non-exclusive and is valid for three years.
Zurich-based Hitachi Zosen Inova (HZI) is a global leader in energy from waste (EfW) and renewable gas (RG), operating as part of the Hitachi Zosen Corporation Group. HZI acts as an engineering, procurement, and construction (EPC) contractor and project developer, delivering complete turnkey plants and system solutions for thermal and biological waste recovery.
CO2 Capsol has a very competitive technology protected by IP rights. The base case revenue model is to license out patents. We negotiate directly with project owners or participate by collaboration with industrial players.
CO2 Capsol is quoted on Euronext NOTC in Oslo (symbol: CAPSOL).
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