MEMBER NEWS: Petrofac and CO2 Capsol collaborate on carbon capture initiatives

September 16, 2021
MEMBER NEWS: Petrofac and CO2 Capsol collaborate on carbon capture initiatives

Petrofac has signed an agreement with carbon capture technology company, CO2 Capsol, which enables collaboration on carbon capture projects.

Under the terms of the non-exclusive agreement, Petrofac will work as a preferred engineering services partner to support CO2 Capsol’s carbon capture opportunities across the UK, Europe and over time, globally. Both parties will bring together their combined expertise and capabilities, with Petrofac providing established engineering and project delivery expertise, and CO2 Capsol providing carbon capture technology.

John Pearson, Petrofac Chief Operating Officer, commented: “Industry collaborations that support the acceleration of critical net zero infrastructure will be fundamental to the Energy Transition. Alongside Petrofac’s global engineering and operations experience, we see great potential for efficient technologies such as those developed by CO2 Capsol, to bring down cost across the value chain as we seek to de-risk and fast-track carbon capture projects for industrial emitters.”

Jan Kielland, CEO of CO2 Capsol, commented: “We have found a great services partner in Petrofac. Their standing in the international energy industry is at the highest level. This is illustrated by the award of the Front-end Engineering Design (FEED) contract for the Stockholm Exergi Bio-CCS project and the award of the Project Management Services contract for the Acorn CCS project in Scotland.”

Petrofac and CO2 Capsol are currently working together on a planned CO2 capture facility at one of Stockholm Exergi’s combined heat and power plants in Sweden. Stockholm Exergi awarded a Front-End Engineering Design (FEED) contract to Petrofac and selected CO2 Capsol’s End of Pipe (EoP) solution as its capture technology. Design work has begun on what will be the largest Bio Energy Carbon Capture and Storage (Bio-CCS) plant in Europe, and Petrofac will integrate CO2 Capsol’s capture technology, which is based on the Hot Potassium Carbonate (HPC) process, to deliver the FEED study.

“Petrofac has demonstrated a strong competitive edge by being awarded the FEED study for Stockholm Exergi and we are proud that our technology has been selected for this project. We will provide support to Petrofac for a successful execution of the project”, says Jan Kielland.

The bioenergy plant in the Värtan area of Stockholm has a potential of capturing 800,000 tons of carbon dioxide per year, which equals the (current) annual CO2 emissions from all traffic in Stockholm.

Stockholm Exergi’s target is to complete the construction and begin operations during the second half of 2025.

The market for carbon capture projects is growing rapidly. Political commitments, international cooperation, legislation, and taxation combined with available financing has opened up for projects in all parts of the world.

“The whole value chain from capturing to permanent storage or industrial use of the CO2 has increased dramatically. European markets are developing at high speed and projects are receiving strong political and financial support”, says Jan Kielland.

Petrofac is expanding its offering in New Energies. The Company is focused on building a $1bn business in the medium-term through the provision of engineering, EPC and O&M services across the CCUS, offshore wind, hydrogen and waste-to-value sectors, as well as its commitment to reducing its Scope 1 and 2 emissions to Net Zero by 2030.

Get in touch

AREG is the original energy transition organisation, working on behalf of members to empower the energy supply chain and champion its expertise. Please get in touch if you have any questions or would like to find out more about membership.

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.


Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.


Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

Scottish Enterprise