Aker Kvaerner will also be responsible for supplying engineering and construction for the planned CO2 capture facilities. Aker Clean Carbon, in an agreement with the Norwegian government, will complete a first plant at Karsto on the west coast of Norway.

Aker Kvaerner noted that the planned CO2 capture unit at the gas power plant at Karsto is likely to become the world’s first and largest CO2 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 will own 30% of Aker Clean Carbon’s shares while the group holding company Aker will own 70%.

Martinus Brandal, Aker Kvaerner’s president and CEO, said: 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. This is a significant milestone for the commercialization of our Just Catch technology.