Aker Carbon Capture

Regulatory Filings • Nov 29, 2023

Aker Carbon Capture awarded feasibility study for e-fuel project in Finland

Aker Carbon Capture awarded feasibility study for e-fuel project in Finland

Aker Carbon Capture has been awarded an integration feasibility study for an e

-fuel project in Finland. The company will investigate fully integrating one of

its standardized and modularized Just Catch carbon capture units into the e-fuel

process at a waste-to-energy facility. Aker Carbon Capture's Just Catch unit

could capture up to 100,000 tonnes CO2 per year, enabling the initial production

of 20 megawatt of e-methane per year.

"We are excited to be working on our second e-fuel project in Finland. Projects

such as these will be instrumental in achieving Finland's ambitious target to

become carbon neutral by 2035", said Jon Christopher Knudsen, Chief Commercial

Officer at Aker Carbon Capture. "We have recently strengthened our foothold in

the modular CCUS market with a number of strategic awards, including a FEED for

Hafslund Oslo Celsio's CCS project on their waste-to-energy plant at Klemetsrud

in Norway. The award of this feasibility study is further validation that the

CCUS market is accelerating," continued Knudsen.

The Just Catch unit will capture CO2 from the flue gases from the waste-to

-energy facility, which will then be conditioned and sent directly to a

catalytic methanation plant. There, it will be combined with green hydrogen,

produced through electrolysis of water using renewable electricity from wind

power, to produce sustainable e-methane. Today, methane originates mainly from

fossil sources. It is used for heating, chemical processes or in industrial

furnaces. To increase security of supply and achieve lower emissions, this

project is assessing the possibility of producing e-methane. The e-methane can

be liquified to produce sustainable LNG, or it can be used in gaseous form as a

replacement for traditional methane.

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. In May of this year, the company started the delivery of five Just Catch

units to Ørsted's bioenergy facilities in Denmark, with a 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 have

through the FEED established a framework for an intention to execute an

engineering, procurement,  construction, installation, and commissioning

contract. 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.

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

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

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