Aker Carbon Capture

Regulatory Filings • Nov 15, 2023

Aker Carbon Capture awarded feasibility study by MAN Energy Solutions to develop power-to-fuel solution

Aker Carbon Capture awarded feasibility study by MAN Energy Solutions to develop power-to-fuel solution

MAN Energy Solutions has awarded Aker Carbon Capture a feasibility study to

develop a joint power-to fuel-solution. The study, which extends Aker Carbon

Capture's partnership with MAN Energy Solutions, investigates the full

integration of Aker Carbon Capture's standardized and modularized Just Catch 100

unit into a full power-to-fuel solution.

"We are excited to be working with MAN Energy Solutions in the power-to-fuel

area, supporting their objective to drive the transition towards a carbon

-neutral world together with its partners. Our partnership builds on the ongoing

delivery to Heidelberg Materials' Brevik CCS project", said Jon Christopher

Knudsen, Chief Commercial Officer at Aker Carbon Capture. "We have recently

strengthened our foothold in the CCUS market with a number of strategic pre

-FEEDs and studies. The award of this feasibility study is further validation

that the CCUS market is accelerating", continued Knudsen.

Aker Carbon Capture's Just Catch 100 unit captures approximately 12.5 tonnes per

hour of CO2 from the flue gases. This has proven to be applicable when working

directly with power-to-fuel processes downstream of the capture plant. From

there, it is typically combined with green hydrogen, produced through

electrolysis using renewable electricity, to create sustainable e-methane or

other e-fuels. MAN Energy Solutions has a strong presence in the electrolyzer

and the methanation process space and is looking for a highly energy-efficient,

integrated solution. In this study, the aim is to integrate a carbon capture

unit into a full power-to-fuel solution.

"CO2 is an important feedstock for e-fuels production and a steady supply is

critical to make such climate-neutral fuels available in large quantities.

Therefore, we are looking forward to collaborating with Aker Carbon Capture who

have various references in the field of carbon capture", said Ulrich Vögtle,

Head of Business Development and New Solutions at MAN Energy Solutions.

Adopting Aker Carbon Capture's standardized and modularized Just Catch 100 unit

would contribute to decreasing costs and accelerating project implementation

timelines.

Today, methane originates mainly from fossil sources, and is used for heating,

chemical processes or in industrial furnaces. To increase security of supply and

achieve lower emissions, this project is investigating 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 100 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 100 units to Ørsted's bioenergy facilities in Denmark, with a design

capture capacity of 500,000 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,

to the small and mid-scale emitter market.

ENDS

Media contact:

Yannick Vanderveeren, mob: +47 458 36 358 (http://tel:+47 458 36 358),

email: yannick.vanderveeren@akercarboncapture.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/).

MAN Energy Solutions enables its customers to achieve sustainable value creation

in the transition towards a carbon neutral future. Addressing tomorrow's

challenges within the marine, energy and industrial sectors, we improve

efficiency and performance at a systemic level. Leading the way in advanced

engineering for more than 250 years, we provide a unique portfolio of

technologies. Headquartered in Germany, MAN Energy Solutions employs some 14,000

people at over 120 sites globally. Our after-sales brand, MAN PrimeServ, offers

a vast network of service centres to our customers all over the world.