AKCCF - Aker Carbon Capture ASA (AKCCF) Q4 2023 Earnings Call Transcript
2024-01-25 13:22:02 ET
Aker Carbon Capture ASA (AKCCF)
Q4 2023 Results Conference Call
January 25, 2024 09:00 AM ET
Company Participants
David Phillips - Head of Capital Markets
Egil Fagerland - CEO
Julie Berg - CFO
Conference Call Participants
Sasikanth Chilukuru - Morgan Stanley
Victoria McCulloch - RBC Capital Markets
James Carmichael - Berenberg
Kate O’Sullivan - Citi
Presentation
David Phillips
Good afternoon. And welcome to the Presentation for Aker Carbon Capture's Results for the Fourth Quarter of 2023. My name is David Phillips, Head of Capital Markets. And I'm joined today by my colleague, Egil Fagerland, our CEO; and Julie Berg, our CFO.
As usual, we will start the main presentation. Then this will be followed by a Q&A with the audience. So firstly, Egil will take us through our main progress and achievements from the fourth quarter of this year, and will run through a number of topics that are important for our wider strategy. Then Julie will take us through the key Q4 financials, including some outlook commentary for the rest of this year. And finally, we will take your Q&A via the online system. Just as a reminder, you can post your questions into the system at any time. And at the end of the presentation, we will then try to work through as many of them as time allows.
So Egil, over to you.
Egil Fagerland
Thank you, David. This is the agenda for our presentation today. Following a highly active and fourth quarter, we will address the highlights of the quarter, our operations and business development, our delivery models, the financial highlights and finally, the way forward, and then we will move on to Q&A. But first, before we start with the highlights for the Q4, we have a short introduction to the company. Aker Carbon Capture is a pure play carbon capture company offering modular and configurable carbon capture plants with the strength of the Aker group behind it. Today, we're already delivering seven carbon capture plants. We're making carbon capture happen. Our proprietary patented technology has been developed over 20 years and is validated through more than 60,000 operating hours and verified across a range of industries. Our technology uses a biodegradable mixture of water and organic amine solvents to absorb the CO2. Its modular cost and energy efficient and it has a market leading agency profile. Since 2020, Aker Carbon Capture has focused on the European market with Scandinavia, Benelux and the UK leading the way. Now we are entering the North America market on the back of increased policy support for CCUS, and we're already working on several engineering studies. Also, we're exploring our potential positions across the rest of Europe and Middle East. We continue to prioritize four market segments with high market activity, cement, bio and waste to energy, gas to power and blue hydrogen. And we're also seeing good engagement with a number of additional segments where our technology is well suited to capture CO2, such as refining and process industries. Our technology has been tested and verified across these segments....
Aker Carbon Capture ASA (AKCCF) Q4 2023 Earnings Call Transcript