New technology recently unveiled by the firm could further cut the energy needed for capturing carbon and add to company's bottom line, analysts say.
Shares of Norway-based Aker Carbon Capture could rise by 65%, according to analysts, as demand increases for emissions reduction technology. Aker Carbon Capture builds carbon capture and storage plants in an effort to lower emissions from industrial cement and steelmaking plants. The company's latest innovation, revealed last week, would cut the energy needed to capture carbon and improve the company's profitability in the future, according to analysts at Berenberg.
line The Oslo-listed firm is currently building its first carbon capture plant on a cement facility that is expected to lower emissions by more than 90%. The company says the captured carbon dioxide will be transported by ship and stored on the Norwegian continental shelf.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top Wall Street analysts like these stocks amid easing inflationTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Alphabet & Intuitive Surgical
Read more »
Analysts love these 12 cheap stocks — and give one 70% upsideAfter a tough 2022, there could be some good buying opportunities in stocks this year. CNBC Pro screened for cheap stocks that Wall Street analysts love.
Read more »
New Thurston County Sheriff plans to tackle domestic violence with new teamThe new Thurston County Sheriff is planning to make some bold moves to tackle domestic violence in the county. FOX13
Read more »
Wall Street's favorite retail stocks include Amazon and this little-known shoe companyThese are analysts favorite retails stocks with more than 30% upside potential.
Read more »
These tactical trades are some of Goldman's favorite ways to play earnings seasonThere are individual stocks where Goldman analysts feel especially confident going into fourth quarter results.
Read more »
What's on TV this week—The Last Of Us, Night Court, That '90s ShowPlus, a new British drama starring Succession's Matthew Macfayden, new docuseries, and more
Read more »