Aker Solutions has been awarded a front-end engineering and design (FEED) contract by KN Energies to support the development of the company's CO2 transshipment terminal infrastructure project in Klaipėda, Lithuania. This project is part of the CCS Baltic Consortium, which aims to develop the first cross-border carbon capture, transport, and storage (CCS) network in the Baltic region. The consortium's efforts are recognized as a project of common interest by the European Commission and are co-funded by the European Union under the Connecting Europe Facility (CEF) for Energy program.
The planned CO2 transshipment terminal in Klaipėda is expected to have a capacity of approximately 2.8 million tonnes of CO2 per year, making it one of the largest such facilities in the region. The terminal will receive CO2 from industrial sources in Lithuania and Latvia, as well as across the wider Baltic region, for temporary storage before being transported by ship to long-term geological storage sites located beneath the seabed in the North Sea.
As part of the FEED, Aker Solutions will build upon findings from previous phase technical evaluations to further refine the technical design specification of the planned infrastructure and evaluate potential expansion routes for the development. This phase is critical in ensuring that the terminal's design meets the necessary safety and environmental standards while also minimizing costs.
Aker Solutions has been designing and delivering CO2 infrastructure projects since the 1990s, with experience spanning the full CCS value chain, from carbon capture integration to CO2 transport, terminal and hub infrastructure, and permanent storage. The company's expertise in this area is a testament to its ability to deliver complex projects on time and within budget.
KN Energies, the operator of the terminal, plays a crucial role in ensuring that the project is completed safely and efficiently. As an international energy terminal operator, KN Energies has extensive experience in managing complex infrastructure projects across the Baltic Sea region.
The FEED phase is scheduled for completion in the third quarter of 2026 and will involve more than 100 Aker Solutions employees from across Norway, India, and the UK. This collaboration highlights the importance of international cooperation in delivering large-scale CCS projects.
The targeted commercial operational date for the Klaipėda CO2 terminal is 2030, with a final investment decision planned for 2027. This timeline underscores the need for careful planning and execution to ensure that the project is completed on schedule and within budget.
The successful award of this contract demonstrates Aker Solutions' commitment to delivering innovative solutions for the CCS industry. As the demand for CO2 capture and storage infrastructure continues to grow, companies like Aker Solutions will play a critical role in shaping the future of low-carbon energy production.
The project's success also highlights the importance of public-private partnerships in driving innovation and growth in the CCS sector. The collaboration between KN Energies, Aker Solutions, and other consortium members is a prime example of this partnership in action.
The successful award of this contract highlights the growing demand for CO2 capture and storage infrastructure in Europe, as well as Aker Solutions' expertise in delivering complex CCS projects.
