Aker Carbon Capture

Regulatory Filings • Jun 26, 2023

Aker Carbon Capture awarded study by Söderenergi in Sweden

Aker Carbon Capture awarded study by Söderenergi in Sweden

Aker Carbon Capture has been awarded an integration feasibility study by

Söderenergi, one of Sweden's largest district heating producers, to implement

carbon capture at Igelstaverket in Södertälje. Located around 30 km from

Stockholm, Igelstaverket is Sweden's second largest biomass combined heat and

power plant (CHP). The planned capture capacity will be around 500,000 tonnes

biogenic CO2 per year, which could be transported and permanently sequestered to

create negative emissions.

"We are excited to be working with Söderenergi on this decarbonization project.

Bioenergy with carbon capture and storage (BECCS) has been identified as playing

a key role in Sweden's goal to achieve Net-Zero greenhouse gas emissions by

2045. The project at Igelstaverket benefits from Söderenergi's own port and easy

access to the Baltic Sea, offering potential shipping options to CO2 storage

sites under development in Norway and Denmark", said Jon Christopher Knudsen,

Chief Commercial Officer at Aker Carbon Capture.

"We look forward to the collaboration on our route to produce negative emissions

in 2029. Aker Carbon Capture has a long experience of amine-based technology,

and this study will help us to make a well-grounded decision for the road

ahead", said Leif Bodinson, project owner at Söderenergi.

The feasibility 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 and enable

returning excess heat to the district heating network. Today, Söderenergi

produces heating for around 120,000 households as well as offices and

industries.

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. This month, the company will also start 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. These flagship projects contribute to

the company's mission to serial produce carbon capture units providing cost and

delivery benefits for 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

Christian Yggeseth, mob: +47 915 10 000 (http://tel:+47 915 10 000), email:

christian.yggeseth@akerhorizons.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),

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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/).