New technology recently unveiled by the firm could further cut the energy needed for capturing carbon and add to company's bottom line, analysts say.
Shares of Norway-based Aker Carbon Capture could rise by 65%, according to analysts, as demand increases for emissions reduction technology. Aker Carbon Capture builds carbon capture and storage plants in an effort to lower emissions from industrial cement and steelmaking plants. The company's latest innovation, revealed last week, would cut the energy needed to capture carbon and improve the company's profitability in the future, according to analysts at Berenberg.
line The Oslo-listed firm is currently building its first carbon capture plant on a cement facility that is expected to lower emissions by more than 90%. The company says the captured carbon dioxide will be transported by ship and stored on the Norwegian continental shelf.
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