Investing.com -- Aker Solutions, a Norwegian energy-industry service provider, and SLB Capturi have secured a contract to provide a carbon capture and storage solution for a waste-to-energy plant in Oslo, Norway. The contract was awarded by Hafslund Celsio.

The contract requires the delivery of a carbon-capture plant, a liquefaction system, temporary storage, and a loading facility at the waste incineration site. Additionally, it includes an intermediate carbon dioxide storage and ship loading system at the harbor in Oslo.

For Aker Solutions, the contract represents a value of between 2.5 billion and 4 billion Norwegian kroner ($223.3 million-$357.3 million). The company's responsibilities under the contract include the engineering, procurement, construction, installation, and commissioning of the onshore facilities.

The project will commence in the first quarter of 2025 and is anticipated to be finished by 2029.

SLB Capturi is a joint venture between Schlumberger (NYSE: SLB ) and Aker Carbon Capture. The venture offers carbon removal and reduction solutions. The project announced on Monday will be delivered based on SLB Capturi's 'Just Catch' standardized carbon-capture plant.

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