Capsol Technologies awarded two new paid studies in the EU

“We are receiving firm response from the industry – a strong indication that our CapsolEoP provides highly competitive value propositions for cement. CapsolEoP reduces energy consumption by more than 50% compared to competing technologies, resulting in 25% lower costs per ton of CO₂ captured. In addition, the CapsolEoP is safe and not harmful to the local environment,” says Jan Kielland, CEO of Capsol Technologies.

The company owning the two cement plants has operations in more than 10 countries, with total emissions of more than 20 million tonnes of CO2 in 2022.

These awards are Capsol Technologies’ third and fourth engineering studies for the cement industry. In total, Capsol currently has nine cement projects in sales engineering and engineering studies totalling a potential of about 10 million t of CO₂ to be captured annually.

“We are pleased that our solution is gaining attention as demonstrated by an increasing number of incoming requests for sales engineering and engineering studies and look forward to being a major contributor in the path to net zero for cement,” says Jan Kielland, CEO of Capsol Technologies.

Cement, which is one of Capsol Technologies’ four target segments, is estimated by IEA to account for more than 300 million tonnes of captured CO₂ in 2030, representing 30% of total installed carbon capture capacity. Hence, it represents the largest industry opportunity for carbon capture.

Read the article online at: https://www.worldcement.com/europe-cis/20092023/capsol-technologies-awarded-two-new-paid-studies-in-the-eu/