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Aker Carbon Capture

Environmental & Social Information Apr 1, 2024

3529_rns_2024-04-01_74e761ad-e644-4853-9cec-6ca70c1326fd.html

Environmental & Social Information

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Aker Carbon Capture awarded pre-FEED from Statkraft in Norway

Aker Carbon Capture awarded pre-FEED from Statkraft in Norway

Aker Carbon Capture has been awarded a pre-FEED for Statkraft's Heimdal waste-to

-energy plant for capturing 220.000 tonnes of CO2 per year. By capturing and

permanently storing these emissions, it is possible to reduce up to 25% of

Trondheim municipality's CO? emissions.

The pre-FEED covers CO2 capture, compression, purification, liquefaction, and

temporary storage of CO2 at the Heimdal waste-to-energy plant. From Heimdal, the

liquid CO2 will be transported by truck to an export terminal with subsequent

ship transport to permanent storage.

"We are excited to extend our collaboration with Statkraft. The decarbonization

of the waste-to-energy industry is crucial in achieving Norway's ambitious

climate goal of reducing greenhouse gas emissions by 55% by 2030", said Jon

Christopher Knudsen, Chief Commercial Officer at Aker Carbon Capture. "By

leveraging our product portfolio and ongoing projects, we maintain a robust

position within the waste-to-energy sector" Knudsen continued.

In 2023, Aker Carbon Capture was awarded a full FEED by Hafslund Oslo Celsio,

the largest supplier of district heating in Norway, to develop carbon capture at

their waste-to-energy facility at Klemetsrud in Oslo, Norway. The project will

be delivered based on Aker Carbon Capture's modularized Just Catch 400 unit,

with a design capacity to capture up to 400,000 tonnes of CO2 per year.

Treating waste in a modern incineration plant is the most climate-efficient way

of final treatment when the waste has no other utility value. However, waste

incineration emits large volumes of CO2. District heating from Statkraft's waste

-to-energy plant at Heimdal provides more than 30% of the Trondheim

municipality's heating demand. District heating reduces the amount of

electricity needed, making more electricity available for other purposes.

Together with the direct carbon reduction and removal when these emissions are

captured, waste-to-energy facilities serve as an important part of Norway's

journey towards net zero.

Project Manager Bjørn Hølaas in Statkraft finds it exciting that Aker Carbon

Capture is one of the three selected contractors who will carry out pre-FEED

studies for CO2 reduction and removal from our waste incineration plants in

Trondheim. Statkraft looks forward to continuing the good dialogue with Aker

Carbon Capture, and not least studying the report from Aker when it is completed

in the autumn.

Statkraft is also a member of 'CCS Midt-Norge', an industry cluster for CO2

capture and storage in central Norway, representing about 1.5 million tonnes of

annual CO2 emissions. The cluster is expected to lead to an increased

understanding, progress and potential economies of scale related to the

realization of CCS in the region.

ENDS

Media contact:

Marianne Stigset, mob:?+47 41 18 84 82 (http://tel:+47 41 18 84 82), email:

[email protected]

Investor contacts:

David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:

[email protected]

Statkraft contact:

Jørgen Nordahl, mob +47 99 23 38 12 (http://tel:+47 99 23 38 12), email:

[email protected]

Aker Carbon Capture is a pure-play carbon capture company with solutions,

services and technologies serving a range of industries with carbon emissions,

including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen

segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a

unique, environmentally friendly solution for removing CO\2\ emissions.

Visit akercarboncapture.com (https://www.akercarboncapture.com/) and connect

with us on LinkedIn (https://www.linkedin.com/company/aker-carbon

-capture), Facebook (https://facebook.com/akercarboncapture),

Twitter (https://twitter.com/akercarbon),

Instagram (https://www.instagram.com/akercarboncapture/) and

YouTube (https://www.youtube.com/channel/UCqE71jAZxmM-CNhfUQq86kQ). This press

release may include forward-looking information or statements and is subject to

our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/).

Statkraft, fully owned by the Norwegian state, is Europe's largest generator of

renewable energy, as well as Norway's largest and the Nordic region's third

largest energy producer. Statkraft develops and generates hydropower, wind

power, gas power, district heating and solar power, and is also a player in the

international energy markets. Statkraft Varme is 100% owned by Statkraft.

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