Aker Carbon Capture

Aker Carbon Capture and Ørsted sign contract for delivery of five Just Catch units and equipment of over EUR 200 million

Aker Carbon Capture and Ørsted, a global leader in renewable energy, have signed

the contract to develop a large-scale carbon capture project for the Ørsted

Kalundborg Hub in Denmark. Aker Carbon Capture will deliver five Just Catch

units, additional equipment such as liquefaction systems, and temporary CO2

storage and on-/offloading facilities with an expected total contract value

above EUR 200 million.

The carbon capture facilities will be delivered to Ørsted's wood chip-fired

Asnæs Power Station and the Avedøre Power Station's straw-fired boiler, where

today's signing ceremony took place. Combined, these facilities will have an

installed design capture capacity of 500,000 tonnes CO2 per year.

On 15 May, Aker Carbon Capture announced it had been awarded a large-scale

carbon capture project by Ørsted, a global leader in renewable energy, for its

Ørsted Kalundborg Hub in Denmark (see Aker Carbon Capture's announcement on 15

May 2023). This followed the 20-year contract award to Ørsted by the Danish

Energy Agency (DEA) for its carbon capture and storage (CCS) project, which was

officially signed on 31 May, after expiry of the mandatory standstill period.

The funding from the DEA will enable the realization of the first full-scale

carbon capture and storage value chain in Denmark, delivered by Ørsted, Aker

Carbon Capture, Microsoft and Northern Lights.

ENDS

Media contact:

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

Investor contacts:

David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:

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

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/).

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