Schlumberger Closes Carbon Capture Joint Venture With Aker Carbon Capture That Was Announced Previously; Schlumberger Owns 80% Of New Company
Portfolio Pulse from Benzinga Newsdesk
Schlumberger has finalized a joint venture with Aker Carbon Capture, owning 80% of the new company. This venture aims to promote the adoption of carbon capture technologies in power and industrial sectors globally.
June 14, 2024 | 10:37 am
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Aker Carbon Capture has entered a joint venture with Schlumberger, with Schlumberger owning 80% of the new company. This partnership aims to expand the use of carbon capture technologies globally.
The joint venture with Schlumberger is likely to provide Aker Carbon Capture with significant resources and market access, potentially boosting its growth and market presence.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Schlumberger has closed a joint venture with Aker Carbon Capture, owning 80% of the new company. This venture is expected to enhance the adoption of carbon capture technologies in various sectors.
The joint venture positions Schlumberger as a major player in the carbon capture market, potentially increasing its market share and revenue in this growing sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100