Shares of Norway-based Aker Carbon Capture could rise 65% as demand for emission reduction technology increases, according to analysts. Aker Carbon Capture builds carbon capture and storage (CCS) plants in an effort to reduce emissions from industrial steel and cement plants. The company’s latest innovation, unveiled last week, will cut the energy needed to capture carbon and improve the company’s future profits, according to analysts at Berenberg. A typical CCS process consumes a lot of energy, but Aker’s new technology is expected to recycle waste heat inside and cut the total energy needed by 10%, according to the German investment bank. “Clearly, an efficient solvent combined with optimal heat recovery can have a positive effect on system economics and potentially accelerate the scale of industry expansion,” the analysts said. Berenberg said in a note to clients on Jan. 13. While Berenberg expects shares to rise 49% to 20 Norwegian Krone ($2) from current levels around 13.61 Norwegian Krone, the target The average price target of eight analysts compiled by FactSet puts its potential upside at 65% over the next 12 months. AKCCF 1Y line The Oslo-listed company is currently building its first carbon capture plant on a cement facility that is expected to reduce emissions by more than 90%. The company says the carbon dioxide captured will be transported by ship and stored on the Norwegian continental shelf. CCS advocates believe the technology will play an important role in achieving climate goals, while critics say it is “inefficient, uneconomical and unsafe.” help prolong dependence on fossil fuels instead of switching to renewable alternatives. Aker Carbon Capture, listed since August 2020, says it has secured contracts that will remove up to 10 million tonnes of carbon annually from 2025 — equivalent to the total emissions from 10 large-scale cement plants. large tissue. Aker’s shares may also change following the expected announcement from the UK about the construction of carbon capture plants, Berenberg analysts said. Though analysts say a big winning contract has been priced in part to the stock. However, not everyone is optimistic about the stock. Analysts at Norwegian investment bank Arctic Securities expect the stock to be flat over the next 12 months. They say the company will remain about 30% below its target for carbon neutrality by 2025 even after potentially winning contracts awarded in the UK “We have revised down 2023-2025 revenue estimates down ~18-33% due to slightly slower estimated orders Lukas Daul, analyst at Arctic Securities, said in a note to clients on Nov. 20. Aker Carbon Capture is also traded on the OTC market in the United States.