Aker Carbon Capture

Environmental & Social Information • Jan 3, 2023

Aker Carbon Capture signs Letter of Intent for large carbon capture project

Aker Carbon Capture signs Letter of Intent for large carbon capture project

Aker Carbon Capture has signed a Letter of Intent for the delivery of two Just

Catch units for an undisclosed European customer. Both units will be part of a

project with a capture capacity of 200,000 tonnes CO2 per year. The final

investment decision is expected in the second quarter of 2023.

"We are pleased to announce that we have reached an important milestone for the

development of this large carbon capture project. With our field-proven carbon

capture technology we are dedicated to help decarbonize our customer's

industrial operations. Today, we are already in the construction phase of two

flagship projects, one in Norway and one in the Netherlands. This new project is

a clear testimony of our ambition to be a carbon capture frontrunner. Carbon

capture, utilization and storage is crucial to reduce industrial emissions and

mitigate climate change. The time to act is now," says Valborg Lundegaard, Chief

Executive Officer at Aker Carbon Capture.

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 plant will be in operation by the end of 2023.

Aker Carbon Capture's Just Catch modular concept is a standardized product that

enables prefabrication of carbon capture units. The plants can be operational

within two years. The Letter of Intent for two Just Catch units marks a

milestone in the company's mission to mass produce carbon capture units 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 CO2 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/).

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation, and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Katja Aanestad, Marketing

Communications, Aker Carbon Capture on 3 January, 2023 at CET 08:00.