Shares of Norway-based Aker Carbon Capture could rise 65%, according to analysts, as demand for emissions-reduction technology rises. Aker Carbon Capture is building a carbon capture and storage (CCS) plant to reduce emissions from cement plants and steel plants. The company’s latest innovation, revealed last week, will reduce the energy needed to capture carbon and increase the company’s profitability in the future, according to analysts at Berenberg. A typical CCS process consumes a lot of energy, but Aker’s new technology is expected to recycle waste heat internally and reduce the total energy required by 10%, according to the German investment bank. “Clearly, efficient solvents combined with optimal heat recovery can have a positive impact on the economic system and potentially accelerate the scale-up of the industry,” analyst Berenberg said in a note to clients on January 13. While Berenberg expects the stock to rise by 49% to 20 Norwegian Krone ($2) from the current level of around 13.61 Norwegian Krone, the median price target of eight analysts compiled by FactSet puts the potential rally at 65% over the next 12 months. AKCCF 1Y line The Oslo-listed company is currently building the first carbon capture plant in its cement facility which is expected to reduce emissions by more than 90%. The company said the captured carbon dioxide would be transported by ship and stored on Norway’s continental shelf. Supporters of CCS believe that the technology will play an important role in achieving climate goals, while critics argue that it is “inefficient, uneconomical and unsafe,” to increase reliance on fossil fuels instead of changing to renewable alternatives. Aker Carbon Capture, registered since August 2020, says it has secured a contract that will remove up to 10 million tons of carbon a year from 2025 – equivalent to the total emissions of 10 large-scale cement factories. Analysts Berenberg said Aker stock can also move after the expected announcement from the UK to build a carbon capture plant. Although analysts say that the sizeable contract win has been partially priced into the stock. Not everyone is bullish on stocks, however. Analysts at Norwegian investment bank Arctic Securities expect shares to remain flat over the next 12 months. He said the company would remain around 30% below its 2025 carbon removal capacity target despite potential contract wins awarded in the UK. intake and conversion backlog in new contracts,” said Lukas Daul, analyst at Arctic Securities, in a note to clients on November 20. Aker Carbon Capture ADRs are also traded on the OTC market in the US