Carbon Circle

What Carbon Circle does

Carbon Circle AS is a Norway-based engineering and technology company specialized in modular carbon capture systems and full-scope EPC services for industrial decarbonization. The company targets mid-sized carbon capture projects across Europe and North America, with additional exposure to West Africa, serving three primary customer segments: Energy-from-Waste plants, offshore oil and gas operators (FPSOs and topside infrastructure), and broader industrial emitters including petrochemicals, cement, metallurgy, and biomass.

The company's core product is the CaCiMod family of pre-engineered, modular carbon capture units (CaCiMod-4 at 50-90 ktpa CO2, CaCiMod-6 at 80-190 ktpa, and CaCiMod-8 at 180-290 ktpa), built on the open-source CESAR1 amine solvent platform with 40,000+ operating hours of validation at Mongstad and Norcem Brevik. The modular skids are designed for factory fabrication, road transport, and deployment in under 21 months, with footprints between 500-850 m2. Carbon Circle complements these modules with a full service stack: Advisory across the CCS value chain, Concept and Feasibility Studies, FEED, and EPC execution with single-point accountability.

Carbon Circle monetizes primarily through project-based EPC contracts (one-time) and professional services (advisory and FEED), with a nascent Carbon Capture as a Service (CCaaS) recurring model co-developed with Yinson Production for European industrial emitters. Go-to-market is enterprise field sales targeting industrial emitters directly, augmented by strategic channel partnerships: Bilfinger for Northwest Europe EPC execution, Rangeland Engineering for Canadian market access (via a Calgary-based JV), and Yinson for CCaaS distribution. The company is privately held, led by a team with CEO Geir Otto Amundsen at the helm, and operates from headquarters in Lysaker (Oslo), a UK office in Aberdeen, and the Calgary JV.

Name

Carbon Circle

Legal name

Carbon Circle AS

Website

https://carboncircle.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Carbon Circle AS is a Norway-based EPC engineering company that designs, fabricates, and delivers modular carbon capture plants (CaCiMod family) for industrial emitters, Energy-from-Waste operators, and offshore oil and gas producers across Europe and North America.

Ownership category

akta.pro rank

Product category

Carbon Capture Engineering Services

NAICS

Environmental Consulting Services (54162), Environmental Consulting Services (541620)

SIC

Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Industrial & Refrigerant Emissions Reduction (N2O, HFCs, SF6, Process Emissions) (EUABABAM)

akta.pro secondary industry

Supplier Engagement & Value-Chain Decarbonization Programs (EUABAKAE)

Keywords

• Carbon capture systems
• EPC contractor services
• Modular capture plants
• CCS consulting services
• Post-combustion capture

Headquarters

HQ city

Lysaker, Oslo

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. EPC Contracts: Full Engineering, Procurement & Construction contracts for carbon capture plant delivery. Single-point accountability with EPC wrap covering detailed engineering, procurement, modular fabrication, logistics, completions, commissioning, and operational readiness. Revenue recognized over project duration with guaranteed capacity and performance terms.
2. Consulting and Advisory Services: Advisory services across full CCS value chain including source characterization, capture selection, CO2 conditioning, transport assessment, storage screening, MRV & permitting, and commercial/risk analysis. Includes concept and feasibility studies and FEED (Front-End Engineering Design) services.
3. Carbon Capture as a Service (CCaaS): Service model being developed with Yinson Production for industrial emitters in Europe. Captures CO2 from chemical and combustion processes for subsequent transport and permanent geological storage, supporting emitters in their decarbonisation journeys.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Carbon Circle is an engineering company that designs and delivers modular carbon capture plants (CaCiMod family) built on the open-source CESAR1 amine solvent, targeting 50-290 ktpa CO2 capacity for industrial and offshore applications. The company provides end-to-end CCS services spanning concept and feasibility studies, FEED, and full EPC execution with single-point accountability covering detailed engineering, procurement, modular fabrication, logistics, completions, commissioning, and operational readiness.

Product overview

Carbon Circle is an engineering company offering a platform-plus-modules product architecture centered on modular carbon capture solutions. The core product family is CaCiMod™ (CaCiMod-4, CaCiMod-6, CaCiMod-8), providing pre-engineered modular carbon capture units based on the open-source CESAR1 amine solvent. These modular skids range from 50-290 ktpa CO₂ capture capacity and are designed for rapid deployment (under 20-21 months). The company complements its modular hardware with a full suite of engineering services: Advisory-CCS Chain, Concept and Feasibility Studies, FEED, and EPC. Together, the CaCiMod family and service offerings cover the entire CCS value chain from emitter to final CO₂ logistics.

Differentiator

Problem solved

Functional benefit

Brands

• CaCiMod™ Family: A family of pre-engineered, modular carbon capture units designed for rapid deployment and cost-effective operation. Includes CaCiMod-4 (50-90 ktpa CO2), CaCiMod-6 (80-190 ktpa CO2), and CaCiMod-8 (180-290 ktpa CO2). Built on open-source CESAR1 amine solvent technology.

Products and services

• CaCiMod Family
• Advisory - CCS Chain Practical, independent advisory service across the full CCS value chain, covering source characterisation, capture selection, CO2 conditioning, transport, storage, MRV and permitting, commercial and risk analysis, and delivery planning. Designed to support clear decision-making with robust interfaces and regulatory compliance.
• Concept and Feasibility Studies Early-stage assessments evaluating technical fit, site integration, cost, schedule, and risk for any part of the CO2 chain. Delivers site-specific capture concepts, performance and energy analysis, and cost and schedule estimates (Class 4/5 CAPEX for concept studies).
• FEED (Front-End Engineering Design) Turnkey EPC-ready design with locked scope, cost, and schedule built on the open CESAR1 platform and pre-engineered CaCiMod modules. Includes 3D layout, equipment specifications, integration and compliance design (Class 3 CAPEX for FEED stage).
• EPC (Engineering, Procurement & Construction) Single-point accountability EPC execution using CaCiMod modules and open CESAR1 platform. Covers detailed engineering, procurement, modular fabrication, logistics, completions and commissioning, and performance compliance for full-scale carbon capture plant delivery.

Quantifiable outcome

• Delivery time of under 21 months for CaCiMod-8 full-scale capture units
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Yinson ProductioncoreStrategic or Co-development Partner · 9 September 2025Cooperation agreement to explore and deliver carbon capture projects as part of broader CCS solutions. Focus on developing Carbon Capture as a Service (CCaaS) for industrial emitters in Europe. Builds on successful execution of world's first offshore post-combustion carbon capture unit on Agogo FPSO. Carbon Circle contributes modular post-combustion carbon capture facility designs; Yinson provides CCS strategy and integrated decarbonization solutions.
• BilfingercoreImplementation/ SI/ Consulting Partner · 8 May 2025Strategic MOU to strengthen cooperation in CCUS project execution across Europe, with initial focus on Northwest Europe and project sizes up to ~500,000 tonnes CO2/year. Partnership covers joint development and execution of CCUS projects, shared client engagement, resource coordination during concept, FEED, and EPC phases. Bilfinger provides EPC delivery expertise and industrial experience; Carbon Circle contributes modular capture technology and engineering capabilities.
• Stella Maris CCS / Altera InfrastructurecoreImplementation/ SI/ Consulting Partner · 20 October 2024Completed multidisciplinary engineering contract for Havstjerne CO2 Injection License. Design of post-combustion CO2 capture units and offshore infrastructure utilities for large-scale CO2 sequestration. Developed innovative floating CO2 injection concept integrating power generation with post-combustion carbon capture, CO2 purification, and liquefaction.
• Rangeland Engineering Canada Corp.coreStrategic or Co-development Partner · 6 September 2024Joint venture agreement to provide decarbonization solutions and services in Canada. Carbon Circle | Rangeland Joint Venture Ltd. integrates Carbon Circle's CCS expertise and modular IP designs with Rangeland's ~200 engineers and local EPCM capabilities. Offerings include project structuring, development, financing, feedstock and offtake agreements, plus EPC services. Alberta-based organization with secondment of Norwegian carbon capture experts.
• Stella Maris CCS / Altera InfrastructurecoreImplementation/ SI/ Consulting Partner · 24 April 2024Study contract for Havstjerne CO2 Injection License design of a remotely operated Direct Injection Unit (DIU) with capacity to receive and inject 11 million tonnes per year of liquefied CO2. Havstjerne license (EXL006) located in southern Norwegian Continental Shelf with Wintershall Dea 60% operatorship and Altera Infrastructure 40% ownership.
• Ocean-Power ASminorImplementation/ SI/ Consulting Partner · 5 December 2023Frame agreement for consultancy services. Ocean-Power is developing offshore power hubs using gas turbines combined with carbon capture and storage for electrifying platforms on Norwegian continental shelf. Carbon Circle provides carbon capture expertise and experience with deliveries to floating offshore O&G production.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Saipem: Italian offshore and energy EPC contractor pursuing CCS and CO2 injection projects, particularly in the North Sea. Directly comparable to Carbon Circle's offshore CCS integration work, especially around FPSO and platform-based capture concepts.
• Aker Solutions: Norway-headquartered EPC and engineering company with a dedicated CCUS business and deep offshore O&G heritage. Directly competes with Carbon Circle for CCS and offshore carbon capture EPC work in Norway/NW Europe and shares a similar customer base.
• Technip Energies: Global EPC contractor with an established CCUS offering and proprietary capture technologies, executing large-scale CCS and offshore projects. Competes with Carbon Circle for full-chain CCS EPC mandates and brings much greater scale and balance sheet capacity.
• Worley: Global energy projects and consulting company with a strong energy transition and CCS practice spanning feasibility, FEED and EPC. Directly comparable to Carbon Circle on CCS advisory + EPC services across industrial and offshore customers.
• Carbon Clean: UK-based specialist in modular, standardized post-combustion carbon capture technology (CycloneCC) for industrial emitters. Closely comparable to Carbon Circle on modular product strategy, industrial CCS focus and target segments (cement, steel, EfW, refining).

Emerging players

• ION Clean Energy: US-based CO2 capture technology company commercializing its ION solvent for industrial post-combustion capture. Comparable to Carbon Circle on standardized, mid-scale industrial capture offerings, though with a different geographic focus and solvent IP strategy.
• Babcock & Wilcox: US-headquartered energy and emissions-control technology company developing CO2 capture and cooling/solvent-based decarbonization offerings. Comparable as an emerging modular/post-combustion capture provider targeting industrial and power-sector emitters, though primarily North America focused.

Broad incumbents

• SLB: Global energy services and technology company aggressively expanding into CCUS, including capture technology, well injection and project services. Overlaps with Carbon Circle on industrial capture and CO2 storage, but operates at vastly greater scale across many other oilfield services.
• Mitsubishi Heavy Industries: Japanese industrial group with proprietary post-combustion amine-based capture technology (KM-CDR) and major reference CCS projects. Competes in the same industrial CCS EPC space as Carbon Circle, especially on larger utility and steel-scale capture plants.
• Honeywell UOP: Licensor of CO2 capture processes (e.g., advanced solvent/membrane technologies) serving refining, petrochemicals and hydrogen. Adjacent competitor to Carbon Circle on capture chemistry and capture plant delivery, although UOP is primarily a technology licensor within a much larger industrial portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/carbon-circle-as

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carbon Circle