The News Review:
- Aker Kvaerner Expands C2 Capturing Business
- Bloomberg.com: Investment Tools
- Jane’s World Defence Industry
Aker Kvaerner Expands C2 Capturing Business
ilVoice – ilVoice (press release) – Jan 24, 2008
Aker Kvaerner will also be responsible for supplying engineering and construction for the coming C2 capturing facilities. Aker Clean Carbon in an agreement with the Norwegian government will complete a first plant at Kårstø on the West Coast of Norway. The new C2 capturing unit at the gas power plant at Kårstø is likely to become the world’s first and largest C2 capture facility of its kind. The facility will begin operation as early as 2009 removing carbon dioxide from exhaust emissions from the gas power plant. “Aker Kvaerner has been developing the technology which forms the foundation for this new business which will have an impact on reducing emissions and reducing climate change challenges. I am also excited that Aker Kvaerner will be responsible to deliver the C2 capturing plant at Kårstø with an estimated investment of NK 725 million. This is a significant milestone for the commercialization of our Just Catch technology” says Martinus Brandal Aker Kvaerner’s President & CE and the incoming Board Chairman of Aker Clean Carbon… Aker Clean Carbon intends to participate in the construction of several of them. Several opportunities have been identified and it is likely that Aker Clean Carbon’s carbon capture facility will be installed at a coal-fired power plant. Aker Clean Carbon has confirmed to Gassnova the Norwegian state owned company to promote environmentally friendly gas industry technology that Aker Clean Carbon would like to bid for the front end engineering and design (FEED) contract and eventually the construction of a full-scale C2 capture facility at Kårstø. According to current plans a FEED contract will be awarded in May 2008 and an overall contract for building the facility will be awarded in 2009. “Work on our own carbon capture facility will not get in the way of the plans for an additional full-scale facility. The latter will be completed several years later” Brandal emphasizes. Parallel to the construction of the first carbon capture plant Aker Clean Carbon will work closely with the SINTEF research center and the Norwegian Institute of Technology (NTNU) in Trondheim concerning their efforts to develop new and improved aqueous amine solutions.
Bloomberg.com: Investment Tools
Bloomberg – Jan 24, 2008
The Bankable Feasibility Study for Phase ne of the Project is expected to be finalized on the conclusion of the definitive EPC contract and the signing of the PPAs. All the technical components of the study are now substantially complete. Since the Company's Project schedule update last fall strong demand for power plant builds and prevailing engineering resource constraints even with the world's largest contractors have continued to increase lead times for power plant equipment and construction services. The Company today announces further revisions to the Project schedule of approximately four to six months. Revised schedule estimates are as follows: << – Financial Close for Phase ne of the Project is targeted for the fourth quarter of calendar 2008 immediately followed by the commencement of construction also in the fourth quarter. ) The PPAs and definitive EPC contract will be signed prior to Financial Close.
Jane’s World Defence Industry
Jane's – Jan 24, 2008
Marine Systems is the US Navy’s leading supplier of combat vessels including nuclear submarines surface combatants and auxiliary ships. It also manages ready-reserve and pre-positioning ships and builds large-hulled vessels for select commercial customers. It is split into four business units: American verseas Marine Bath Iron Works Electric Boat and National Steel and Shipbuilding Company (NASSC)… Some of the largest suppliers to the defence community (for example oil companies) have a low profile. Therefore we have had to develop an approach wherein the hard facts of corporate life (for example contract successes merger and acquisitions activity plant closures) are considered in context with current high-profile defence issues (rapid deployment and regional threats) specific technology issues (ballistic missile defence) and continuing trends in such high-profile areas as privatisation contractorisation and environmental concern. Looking AheadAs each issue of Jane’s World Defence Industry is produced fresh waves of corporate technological and procurement activity and changes in national political environments will have already begun to show through. The consistent element of the publication is its value as a source of objective in depth information not only on the companies which hold the industry’s high ground but also on those who seek to compete or collaborate with them in domestic and international markets. Sections covered: AFRICA AND THE MIDDLE EAST ANALYSIS EAST AND CENTRAL EURPE EAST ASIA LATIN AMERICA NRTH AMERICA SUTH WEST ASIA WEST EURPE About Jane’s With more than 100 years of experience Jane’s an IHS company holds an unrivalled reputation for the reliability accuracy and impartiality of our information and advice trusted and relied upon by business government and military decision-makers worldwide. In the specialist fields of.