US CCS ‘ready to accelerate’ – Aker Carbon Capture

Norway-based company hires first US representative as Inflation Reduction Act fires up North American market

Norway-based Aker Carbon Capture is gearing up for a push into the North American market as the Inflation Reduction Act (IRA) helps drive CCS demand. Aker, which has supplied the only two carbon-capture projects under construction in Europe, has this week hired its first permanent representative in North America, who will be based in Houston, CEO Valborg Lundegaard told analyst on an earnings call. “We see now after the Inflation Reduction Act [IRA] was signed back in August, the market in North America is really now ready to accelerate and we want to be part of that acceleration,” Lundegaard says. The IRA enhanced the existing Section 45Q tax credit regime for CCS to $85/t for industrial an