Aker Carbon Capture

Capital/Financing Update • Oct 11, 2023

Aker Carbon Capture awarded feasibility study for biomass combined heat and power facility in Germany

Aker Carbon Capture awarded feasibility study for biomass combined heat and power facility in Germany

Aker Carbon Capture has been awarded a feasibility study to implement carbon

capture at a biomass combined heat and power (CHP) facility in Germany. The

planned capture capacity will be 250,000 tonnes CO2 per year. For this project,

Aker Carbon Capture aims to deliver its standardized Just Catch modular product.

"We are excited to be working on this decarbonization project in Germany. There

is a clear momentum for carbon capture, utilization and storage (CCUS) in the

German market, building on the country's funding program for climate protection,

which was launched in June", said Jon Christopher Knudsen, Chief Commercial

Officer at Aker Carbon Capture.

The study will assess the optimal CO2 capture, conditioning, liquefaction, and

temporary storage facility as well as the heat recovery potential and heat

integration solutions. This will reduce the total heating and cooling demands

related to capturing and conditioning of the CO2.

This is the second study awarded to Aker Carbon Capture in Germany, Europe's

largest economy and CO2 emitter. The country aims to cut its carbon dioxide

emissions by 65% by 2030 compared with 1990 and to become carbon neutral by

2045. CCUS has been identified as playing an important role in the country's

goal to achieve these targets. The German government is expected to publish its

Carbon Management Strategy this autumn.

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

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

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

Catch plants 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

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

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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/).