Aker Carbon Capture

Regulatory Filings • Oct 19, 2023

Aker Carbon Capture signed pre-FEED contract for several power generation facilities in Europe

Aker Carbon Capture signed pre-FEED contract for several power generation facilities in Europe

Aker Carbon Capture has signed a pre-FEED contract for a major European power

company to implement carbon capture at a portfolio of power plants in mainland

Europe. The planned capture capacity could reach up to 14 million tonnes CO2 per

year for the applicable sites combined.

The pre-FEED will assess the optimal CO2 capture and compression, as well as the

heat recovery potential and heat integration solutions for the applicable

plants. This will reduce the total heating and cooling demands related to

capturing and conditioning the CO2. Aker Carbon Capture aims to deliver its

bespoke Big Catch concept, which is fully integrated into the plants of the

customer. This includes both advanced heat integration, and downstream

integration enabling record-low energy consumption by making it possible to

reuse energy along the value chain.

"This award underlines the industry's continued interest and trust in Aker

Carbon Capture's expertise and capability to deliver world-leading configurable

carbon capture plants, as we are doing in Norway, the Netherlands, and Denmark.

Carbon capture and storage is critical to achieve the European Union's climate

goals. We welcome the opportunity to support the delivery of clean electricity

to European households and to contribute to the decarbonization of industry",

said Jon Christopher Knudsen, Chief Commercial Officer at Aker Carbon Capture.

Aker Carbon Capture is developing a full-scale Big Catch facility with CO2

capture, conditioning, compression, heat integration, intermediate storage and

loading for the Brevik cement plant in Norway. Brevik CCS will be the first

industrial scale carbon capture plant at a cement factory anywhere in the world

and will capture 400,000 tonnes of CO2 per year.

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, Aker Carbon Capture was awarded a large-scale carbon

capture project by Ørsted, a global leader in renewable energy, for the delivery

of five Just Catch units to the Ørsted Kalundborg Hub in Denmark. 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 mid-scale emitter market.

"Aker Carbon Capture continues to see significant study activity across

different regions and industries. This latest award follows several studies and

pre-FEEDs awarded earlier this year, further supporting the positive market

momentum we're witnessing for carbon capture and storage since 2022", Knudsen

added.

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/).