MT Group Signs Contract with Ørsted to Build Large-scale CO2 Capture and Storage Facility in Denmark
MT Group, an EPC contractor engaged in strategic energy and industrial infrastructure projects across Europe, has signed a contract with Danish energy leader Ørsted for the engineering and construction of Balance of Plant (BoP) piping and equipment for a carbon capture facility.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240915027054/en/
Mindaugas Zakaras, CEO of MT Group (Photo: Business Wire)
"The signing of this contract is a significant milestone for MT Group and a strong testament to our commitment to driving the renewable energy transition across Europe," says Mindaugas Zakaras, CEO of MT Group.
Advancing Global Efforts to Combat Climate Change
This contract is part of Ørsted's 20-year agreement with the Danish Energy Agency (DEA) for the ambitious carbon capture and storage (CCS) project, the ‘Ørsted Kalundborg CO2 Hub.’ It aims to capture and store 430,000 tons of CO2 annually from two Ørsted Power stations. The captured CO2 will be transported to Northern Lights in Norway for geological storage, contributing to global efforts to combat climate change.
Under this agreement, MT Group will handle the engineering and construction of piping for the BoP equipment for the CO2 capture and storage facility including installation of BoP equipment. Responsibilities include finalizing the BoP facility's design and integrating it with the existing woodchip-fired boiler plant and the new CO2 capture and storage facility at Asnæsværket, Denmark.
MT Group will also oversee the procurement, supply, construction, and installation of the entire cooling and steam systems, including pipelines, to the interface of the CO2 capture and storage units. Additionally, the company will ensure the scope of supply undergoes rigorous testing and commissioning to meet all regulatory and operational standards before it becomes fully operational.
Strengthening MT Group's Renewable Energy Portfolio
This contract aligns with MT Group’s strategic focus on the renewable energy transition. “We have firmly established MT Group as a strong and reliable EPC contractor, particularly in the development of complex natural gas and LNG projects across Europe. This contract marks a significant step in our expansion in the green energy markets and strengthens our position in this rapidly growing area,” adds Mindaugas Zakaras.
MT Group is a leading EPC contractor in critical energy and industrial infrastructure projects across Europe. The company is also a founding partner in one of the largest Renewable Energy undertakings in the world. Green Energy Park will produce some of the most cost competitive Green Hydrogen at the gigawatts scale, servicing the decarbonization needs of the hard to abate sectors, including transport and power across Europe and elsewhere around the world.
MT Group’s expertise extends to the development and construction of renewable energy, hydrogen and carbon capture facilities, positioning the company at the forefront of sustainable engineering solutions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240915027054/en/
Contacts
Migle Poskute Klimasauskiene
Migle Poskute Klimasauskiene
M.: +370 656 57230
E.: m.klimasauskiene@mtgroup.lt
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Ares Management Introduces Marq to Further Unify its Global Logistics Platform Within its Real Estate Business1.12.2025 12:00:00 CET | Press release
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it is consolidating its global logistics real estate platforms under a single brand, Marq Logistics (“Marq”). The newly launched brand, Marq, will represent Ares’ vertically integrated global logistics real estate platform managing facilities that total more than 600 million square feet across the Americas, Europe and APAC. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251201173799/en/ Marq brings together Ares’ vertically integrated logistics real estate platform in North America and Europe, including Ares Industrial Management, with the global GLP logistics real estate platform outside of China. This follows Ares’ acquisition of the international business and certain affiliates of GLP Capital Partners Limited, which closed in March 2025. With Marq, Ares combines its scale, expertise and integrated logis
Prodalim Continues Its Accelerated Strategic Transformation With the Acquisition of René Laurent, a Leading Beverage Flavours Company Based in Grasse area, France1.12.2025 11:42:00 CET | Press release
Prodalim, a global leader in Juice and specialty ingredients solutions, announced today the acquisition of René Laurent, a leading beverage flavours company, from International Flavours & Fragrances Inc. (IFF). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251126582710/en/ René Laurent site, Le Cannet, France Established in 1885 in Grasse area, the capital of the flavours and fragrances industry in southern France, René Laurent is a century-old, trusted brand specializing in beverage flavours solutions and unique aromatic Ingredients. The company partners with leading multinational customers and local champions in the beverage industry, offering deep expertise in complex, tailor-made flavour development, including syrups, liqueurs, naturals and coffee. Its extensive flavour library and distinctive in-house distillation and extraction capabilities make René Laurent a respected expert in complex and customized formulations. R
Wayve Acquires Quality Match to Strengthen Data Quality and Safety for AI Driving Systems1.12.2025 09:00:00 CET | Press release
Strategic acquisition deepens Wayve’s AI data capabilities and expands its presence in Germany following the launch of its Testing and Development Hub near Stuttgart. Wayve, the leader in Embodied AI for autonomous driving, today announced the acquisition of Quality Match, a German startup known for its expertise in data quality assurance for computer vision datasets and artificial intelligence. This acquisition reflects Wayve's continued investment in data accuracy as a cornerstone of safe and scalable autonomous driving. Founded in 2019, Quality Match brings deep expertise in interpreting and analysing data used to train AI models for applications such as advanced assisted and automated driving. As Wayve advances toward the commercial deployment of its AI Driver software, integrating Quality Match strengthens its ability to efficiently develop high-quality, auditable datasets that are essential for building reliable and explainable AI models. Quality Match’s team of 20 specialists, b
PUMA Opens its Biggest European Flagship Store in the Heart of London, Bringing the Best of the Brand Closer to Consumers1.12.2025 09:00:00 CET | Press release
PUMA has opened the doors to its largest-ever European flagship store on Oxford Street in London, which will bring the best of the company’s products and immersive storytelling closer to consumers in one of the busiest shopping destinations in Europe. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251201979895/en/ PUMA has opened the doors to its largest-ever European flagship store on Oxford Street in London, which will bring the best of the company’s products and immersive storytelling closer to consumers in one of the busiest shopping destinations in Europe. The new flagship store, located just seconds from Selfridges and Bond Street Tube Station, spans 24,000 square-feet and features PUMA’s industry-leading innovations, such as running technology NITRO™, its football boots FUTURE, ULTRA and KING, as well as its current range of lifestyle products. “The opening of our Oxford Street flagship is an exciting moment for PUMA,
L&T Technology Services Transforms Respiratory Diagnostics with NVIDIA AI-Powered Digital Twin Technology1.12.2025 08:30:00 CET | Press release
Collaboration brings together LTTS’ expertise in MedTech and NVIDIA AI infrastructure to deliver precision diagnostics and enhance patient care L&T Technology Services (BSE: 540115, NSE: LTTS), a global leader in AI, Digital & R&D Consulting Services, today announced the development of a next-gen AI-powered digital twin platform for respiratory diagnostics and lung navigation. Combining LTTS’ expertise in platform engineering, AI-driven diagnostics, connected health systems and advanced imaging and visualization with cutting-edge NVIDIA AI infrastructure, LTTS aims to deliver scalable, low-latency solutions that enhance diagnostic precision and improve accessibility for healthcare providers worldwide. To be unveiled at the Radiological Society of North America (RSNA) 2025, the LTTS solution integrates with CT imaging and leverages deep learning models to create a 3D digital twin of lung anatomy, providing visualization of airways, blood vessels, lung lobes and lesions. Powered by NVIDI
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom