Bergen Carbon Solutions AS

Regulatory Filings • Sep 27, 2024

BCS: Extension of TKG Huchems MOU

BCS: Extension of TKG Huchems MOU

(Bergen, 27. September 2024): Bergen Carbon Solutions AS (BCS, OSE: BCS)

Reference is made to the stock exchange announcement dated 29 March 2023 regarding a MOU with the Korean chemical company TKG Huchems and the stock exchange announcement dated 19 September 2023 regarding the extension of the MOU. As of today, Bergen Carbon Solutions has extended this MOU with TKG Huchems for the second time, with one more year. The MOU will remain in effect until 25 September 2025, under the same terms as the original MOU from March 2023. The intent of the MOU is to develop Carbon Nano Tubes (CNT) utilizing technology from Bergen Carbon Solutions, targeting battery cell manufacturers in the Asian region.

Odd Strømsnes, CEO of Bergen Carbon Solutions, comments: "This second extension of our partnership demonstrates the long-term commitment and confidence that we have developed with our partner in South-Korea. Our relationship moves forward as our technological maturity is increasing."

Both TKG Huchems and Bergen Carbon Solutions will proceed with discussions centered around the commercialization of Bergen Carbon Solutions’ technology in South Korea. The collaboration and shared commitment to the development of a sustainable CNT technology for the Asian market remains a priority for both entities.

About TKG Huchems

Huchems operates 14 plants across Korea, primarily serving the fine chemical market. They stand as a leading producer of chemicals, with products including nitric acid, ammonium nitrate, DNT, and MNB.

For further information, please contact:

Odd Strømsnes, CEO, os@bergencarbonsolutions.com, +47 480 88 571

Fredrik Øksnes, CCO, fredrik.oksnes@bergencarbonsolutions.com, +47 975 67 318

About Bergen Carbon Solutions AS

Bergen Carbon Solutions is a technology company the field of carbon utilisation. The company is working to make CO2 a valuable resource, using renewable energy to turn the excessive greenhouse gas into solid carbon. With its groundbreaking, proven process for carbon capture and utilization (CCU), Bergen Carbon Solutions is enabling clean carbon for green manufacturing. The technology may provide stable delivery of carbon nanotubes and graphite, helping manufacturers to be less exposed to the raw material risks of geopolitical rivalry. Established in 2016, based in Norway and listed on Euronext Growth, Bergen Carbon Solutions is targeting the fast-growing battery industry globally, and other carbon intensive industries looking to replace conventional, fossil-based solutions to stay relevant in their markets. 

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Bergen Carbon Solutions | www.bergencarbonsolutions.com