Aker Carbon Capture

Regulatory Filings • Dec 18, 2023

Aker Carbon Capture awarded feasibility study by waste-to energy player in Switzerland

Aker Carbon Capture awarded feasibility study by waste-to energy player in Switzerland

Aker Carbon Capture has been awarded a feasibility study by Limeco, a Swiss

company that is planning to construct a new waste-to-energy plant in Dietikon,

in the canton of Zurich. Carbon Capture and Storage is expected to be mandatory

for future waste-to-energy plants in Switzerland.

"We are excited to collaborate with Limeco in their decarbonization efforts.

Decarbonizing the waste-to-energy industry is crucial to achieving Switzerland's

2050 net zero target", said Jon Christopher Knudsen, Chief Commercial Officer at

Aker Carbon Capture. "With our modular Just Catch offering we have a strong

foothold in the waste-to energy segment. The award of this feasibility study is

further validation that the CCUS market is accelerating," continued Knudsen.

The new waste incineration plant will consist of two identical incineration

lines. Aker Carbon Capture's standardized and modularized Just Catch carbon

capture units are developed for this volume of CO2 and will be able to provide a

perfect fit with Limeco's requirements. The CO2 will be liquified for transport

by truck or train. Since Limeco's waste-to-energy plant is a greenfield project

to produce district heating, heat integration between the incineration plant and

the carbon capture plant can be used to maximize the district heat production.

This will provide an overall attractive business case for Limeco, while at the

same time contributing to Switzerland's national ambitions for reduction of

greenhouse emissions.

"As part of the Limeco Masterplan 2050 and in the context of the Swiss

government's energy and climate strategy, the basics are to be laid for an

integrated cross-generation project. CO2 capture and logistics at the site are

important and sensitive issues for the layout of the future plants and the

upcoming planning. At this early stage, all future options and developments must

be taken into account so that they can be implemented at a later stage," says

Markus Bircher, who is responsible for the project at Limeco.

Switzerland currently has?29 waste-to-energy plants?that emit a total of?4.5

million tonnes of CO2 per year. Approximately?50% of the CO2 emissions are

biogenic, while the other?50% are of fossil origin.

At Twence's waste-to-energy facility in the Netherlands, Aker Carbon Capture is

currently delivering a Just Catch unit with a capacity of 100,000 tonnes CO2 per

year. Recently construction started at two of Ørsted's bioenergy facilities in

Denmark, where Aker Carbon Capture is delivering five Just Catch units with a

total design capture capacity of 500,000 tonnes CO2 per year. ?At the CCS

project at the Klemetsrud waste-to-energy plant, Aker Carbon Capture, Aker

Solutions and Celsio will through the FEED establish a framework for an

intention to execute an engineering, procurement, construction, installation,

and commissioning contract with a design capacity of 400,000 tonnes CO2 per

year. These flagship projects contribute to Aker Carbon Capture's mission to

standardize and modularize carbon capture plants, with reduced footprint and

significant cost and energy benefits, for the small and mid-scale emitter

market.

Limeco is located in the Limmat Valley close to Zurich in Switzerland. Limeco

treats regional waste and cleans wastewater in a sustainable way. With its

plants, Limeco produces CO2-neutral heating and cooling (district heating),

renewable electricity and green gas: Limeco thus makes a significant

contribution to the energy and climate transition and strengthens the region's

energy independence. The municipalities what support Limeco are Dietikon,

Geroldswil, Oberengstringen, Oetwil an der Limmat, Schlieren, Unterengstringen,

Urdorf and Weiningen.

Read more about Limeco at www.limeco.ch,

LinkedIn (https://www.linkedin.com/company/limeco-das-regiowerk-fuers

-limmattal), Facebook (https://www.facebook.com/limecoregiowerk/),

Instagram (https://www.instagram.com/limecoregiowerk/),

Youtube (https://www.youtube.com/channel/UCJwHBfVC_40pNLhUAZSS8iQ) and

Tiktok (https://www.tiktok.com/@limecoregiowerk).

ENDS

Media contact:

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

marianne.stigset@akerhorizons.com

Investor contacts:

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

david.phillips@akercarboncapture.com

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/).