Aker Carbon Capture – E24 President Resigns

Aker Carbon Capture – E24 President Resigns

The senior manager of Kjell Inge Røkke’s carbon capture company is leaving.

Aker Carbon Capture Director Valborg Lundegaard is leaving today.

Senior CEO Valborg Lundegaard at Aker Carbon Capture is resigning with immediate effect, as she will “focus on the health of her and her family.”

Egil Fagerland has been appointed as the new manager. He is stepping down from his position as Chief Financial Officer of the company.

The company reported this when they turned in their quarterly report for the second quarter on Tuesday morning.

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Of her old boss, Christian Roque says her time at the company was “invaluable.” He also states that Lundegaard has agreed to continue helping the company, but now in a different role, as a senior advisor.

Egil Fagerland has been with Aker Carbon Capture since April 2021. Prior to that he was with Deep Ocean. He previously worked at Aker Solutions, another Røkke company.

He was educated at the Norwegian School of Economics (NHH) in Bergen.

Kristian Røkke says the company is looking forward to seeing Fagerland realize the full potential of Aker Carbon Capture.

Fagerland himself says he is “proud and excited,” and that he looks forward to leading the company into “a new chapter of industrial decarbonization.”

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The company is now looking for a new CFO. Petter Natås of Aker Horizons has been appointed as interim CFO.

Egil Fagerland is the new Director of Aker Carbon Capture.

Income increase

Revenue for the second quarter ended at NOK 305 million, up 57 percent compared to the same period last year.

The increase in income was mainly driven by progress in the so-called Big catch And Just snap The projects, as well as many other projects and studies, inform Aker Carbon Capture.

The operating result was NOK 53 million. This is a decrease of 4 million from the previous year.

Kjell Inge Røkke controls the Aker Carbon Capture.

A very important new project

The company’s stock plunged in May when it signed a $1 billion contract for a major carbon capture project with Ørsted.

The company itself highlights the contract with Ørsted, which is the largest in the company’s history, as very important.

The company says that the company’s other two flagship projects, Brevik CCS and Twence CCU, also continue to develop steadily.

Aker Horizons is the majority owner of Aker Carbon Capture, with a stake of 43.3 percent.

Dalila Awolowo

Dalila Awolowo

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