Stella Maris CCS to Explore Full Value Chain

The Stella Maris CCS parties Altera Infrastructure and Höegh LNG have recently entered a non-exclusive collaboration with Aker Carbon Capture to explore a full value chain offering for carbon capture, utilization, and storage (CCUS).

The parties will collaborate on offering Carbon Capture as a Service to industrial emitters, enabling cost-effective implementation of the full value chain needed to realize carbon capture, utilization, and storage projects for industrial emitters.

The collaboration is non-exclusive, allowing the parties to offer a full value chain offering at locations where the combined technical concept of Aker Carbon Capture’s technology and the processing and shipping capabilities of Altera Infrastructure and Höegh LNG is best suited, whilst leaving the parties with flexibility to work with alternative solutions elsewhere.

Ingvild Sæther, CEO of Altera Infrastructure Group Ltd said: “large scale maritime CCS is seen as a cornerstone in Altera’s future business and a concept we have been working on for more than a decade, more recently with our partner, Höegh LNG. We believe delivery of CCUS will be required to achieve a meaningful contribution to net zero and we are delighted to be collaborating with Aker Carbon Capture as a leader in carbon capture technology.”