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    PFC   GB00B0H2K534

PETROFAC LIMITED

(PFC)
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CO2 Capsol and Petrofac Collaborate on Carbon Capture Initiatives 160921 Petrofac CO2 Capsol Collaboration

09/16/2021 | 02:32am EDT

CO2 Capsol announced it has signed an agreement with leading international services provider to the energy industry, Petrofac, which enables collaboration on Carbon Capture projects. Under the terms of the non-exclusive agreement, Petrofac will work as a preferred engineer-ing services partner to support CO2 Capsol’s Carbon Capture opportunities across the UK, Europe and over time, globally. Both parties will bring together their combined expertise and capabilities, with Petrofac providing established engineering and project delivery expertise, and CO2 Capsol providing carbon capture technology. Petrofac and CO2 Capsol are currently working together on a planned CO2 capture facility at one of Stockholm Exergi’s combined heat and power plants in Sweden. Stockholm Exergi awarded a Front-End Engineering Design (FEED) contract to Petrofac and selected CO2 Capsol’s End of Pipe (EoP) solution as its capture technology. Design work has begun on what will be the largest Bio Energy Carbon Capture and Storage (Bio-CCS) plant in Europe, and Petrofac will integrate CO2 Capsol’s capture technology, which is based on the Hot Potassium Carbonate (HPC) process, to deliver the FEED study. 800,000 TONS PER YEAR: The bioenergy plant in the Värtan area of Stockholm has a potential of capturing 800,000 tons of carbon dioxide per year, which equals the (current) annual CO2 emissions from all traffic in Stockholm. Stockholm Exergi’s target is to complete the construction and begin operations during the second half of 2025. LARGE POTENTIAL: The market for carbon capture projects is growing rapidly. Political commitments, international cooperation, legislation, and taxation combined with available financing has opened up for projects in all parts of the world. CO2 Capsol is expanding with a large portfolio of potential projects in Europe. The activity level is increasing to include projects outside Europe, with North America being a high priority market.


© S&P Capital IQ 2021
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Financials (USD)
Sales 2021 3 226 M - -
Net income 2021 50,4 M - -
Net Debt 2021 265 M - -
P/E ratio 2021 15,3x
Yield 2021 -
Capitalization 748 M 747 M -
EV / Sales 2021 0,31x
EV / Sales 2022 0,33x
Nbr of Employees 10 645
Free-Float 78,9%
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Mean consensus HOLD
Number of Analysts 9
Last Close Price 2,22 $
Average target price 2,50 $
Spread / Average Target 12,7%
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Managers and Directors
Sami Monir Amin Iskander Chief Executive Officer & Executive Director
Afonso Reis E Sousa i Chief Financial Officer & Executive Director
René Médori Non-Executive Chairman
Tarek Massoud Chief Compliance Officer
Matthias F. Bichsel Senior Independent Non-Executive Director
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