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

Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30