Aker Horizons Asa (AKHOF) Q3 2024 Earnings Call

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WEBVTT 00:00:00.049 -- 00:00:05.333 Welcome everybody to today's presentation of ArcHorizons third quarter 2024 00:00:05.333 -- 00:00:06.794 results. 00:00:06.794 -- 00:00:13.079 My name is Lars-Peder Suvogsberg and I'm happy to be the new CEO of ArcHorizons. 00:00:13.079 -- 00:00:18.183 Joining me here today we have Christoffer Dahlberg, CFO of ArcHorizons and Mary 00:00:18.183 -- 00:00:23.807 Kenny, CEO of Mainstream Renewable Power who will present the main developments 00:00:23.807 -- 00:00:26.107 in the last quarter. 00:00:26.107 -- 00:00:30.730 You are invited to submit your questions during the presentation, and we will respond 00:00:30.730 -- 00:00:34.631 to them in the Q&A session at the end. 00:00:35.713 -- 00:00:40.837 So, I will start with a short summary of the main developments that we have seen 00:00:40.837 -- 00:00:42.978 in the third quarter. 00:00:42.978 -- 00:00:49.302 The joint venture between Aker Carbon Capture and SLB, where ACC holds 20%, unveil 00:00:49.302 -- 00:00:53.484 its new company name, SLB Kapturi. 00:00:54.232 -- 00:00:59.475 And in August, SAA Captura announced an important milestone 00:00:59.475 -- 00:01:03.398 when it secured its first US-based project. 00:01:03.398 -- 00:01:08.941 They were awarded a feed contract by the partner CO280 00:01:08.941 -- 00:01:13.964 for a large-scale carbon capture plant at the pulp and paper facility 00:01:13.964 -- 00:01:16.786 on the US Gulf Coast. 00:01:16.786 -- 00:01:21.867 This project is large and aims to remove a full 800,000 tonnes of CO2 annually. 00:01:23.829 -- 00:01:28.852 Importantly, it paves the way into the above 100 million tons of CO2 per 00:01:28.852 -- 00:01:34.235 year emissions US pulp and paper market, which is an important 00:01:34.235 -- 00:01:37.757 building block for th...