Aker Carbon Capture Announces Extraordinary Dividend, Impact on Shareholders and Global Implications
Feb. 12, 2025 – Fornebu, Norway – Aker Carbon Capture ASA (ACC), a leading company in the carbon capture industry and part of the Aker Horizons portfolio, made a significant announcement. The Board of Directors proposed an extraordinary cash dividend totaling NOK 3.5 billion. This dividend would result in Aker Horizons, which owns a 43.27% stake in ACC, receiving approximately NOK 1.5 billion.
Background: ACC and SLB’s Carbon Capture Joint Venture
To provide some context, in June 2024, ACC and SLB, an oilfield services company, announced the completion of a transaction that formed a joint venture (JV) called SLB Capturi. The JV combined the carbon capture businesses of both entities, aiming to strengthen their market position and enhance their capabilities in the carbon capture industry.
Impact on Aker Horizons Shareholders
The proposed dividend comes as positive news for Aker Horizons’ shareholders, who stand to benefit significantly from this payout. This dividend signifies the strong financial performance of ACC and the confidence of its Board of Directors in the company’s future prospects. Shareholders will receive a cash dividend of NOK 1.5 billion, representing a substantial return on their investment.
Global Implications: ACC and the Carbon Capture Industry
Beyond the financial implications for Aker Horizons shareholders, this dividend announcement also has broader significance for the carbon capture industry and the global community. The growing importance of carbon capture technology in the fight against climate change cannot be overstated. As the world transitions towards renewable energy sources, carbon capture technology plays a crucial role in reducing greenhouse gas emissions from industrial processes and power generation.
ACC’s strong financial position and successful joint venture with SLB illustrate the growing potential of the carbon capture industry. With increasing government investment and corporate commitments to reduce carbon emissions, the demand for carbon capture technology is expected to grow significantly in the coming years. This trend could lead to further consolidation and collaboration among industry players, as well as increased investment in research and development.
Conclusion
Aker Carbon Capture’s announcement of an extraordinary cash dividend of NOK 3.5 billion, with Aker Horizons set to receive approximately NOK 1.5 billion, is a testament to the financial strength and future prospects of the company. This dividend not only benefits Aker Horizons’ shareholders but also highlights the growing importance and potential of the carbon capture industry in the global transition towards a low-carbon economy. As the world continues to grapple with the challenges of climate change, the demand for carbon capture technology is expected to increase, presenting significant opportunities for growth and innovation.
- Aker Carbon Capture ASA (ACC) announced an extraordinary cash dividend of NOK 3.5 billion.
- Aker Horizons, which owns a 43.27% stake in ACC, is expected to receive approximately NOK 1.5 billion.
- The dividend signifies ACC’s strong financial performance and confidence in its future prospects.
- The carbon capture industry’s importance in reducing greenhouse gas emissions cannot be overstated.
- Increasing demand for carbon capture technology presents opportunities for growth and innovation.
