Aker Carbon Capture

Environmental & Social Information • May 11, 2022

Start of construction of CCU project at Twence's waste-to-energy plant in the Netherlands

Start of construction of CCU project at Twence's waste-to-energy plant in the Netherlands

Aker Carbon Capture has officially commenced building its Just CatchT modular

carbon capture plant at Twence's waste-to-energy plant in Hengelo, the

Netherlands. Building activities at the site were kicked off with the unveiling

of the construction board. The plant will reduce CO2 emissions associated with

the generation of energy from the incineration of non-recyclable waste. The

captured CO2 will be used in liquid form in the greenhouse horticulture sector.

By the end of 2023, the Just CatchT standardized plant will start capturing

100,000 tonnes of CO2 per year.

Twence mainly generates energy from non-reusable residual and industrial waste

and is the largest producer of sustainable energy in the Dutch province of

Overijssel. Twence will capture and recycle part of the CO2 that is released

when generating energy. In doing so, Twence will make a significant contribution

to reducing CO2 emissions in the region and thus also to achieving the climate

targets of its shareholders. In November 2021, the Dutch Ministry of Economic

Affairs provided a subsidy of EUR 14.3 million, chiefly because the initiative

contributes to the national target to quickly reduce CO2emissions and because it

sets an example for other large companies in the industry at home and abroad.

"It is such a great feeling being able to put the first spade in the ground. We

have been working closely together with the highly dedicated people from Twence

to realize this unique CCU project. We can't wait to start capturing the first

CO2 emissions at the end of next year. Together we will contribute to a CO2

-neutral environment. This will set the example for other energy players in the

Netherlands and the rest of Europe," says Valborg Lundegaard, CEO Aker Carbon

Capture.

Making the greenhouse horticulture sector more sustainable

A large part of the captured CO2 will be delivered in liquid form to the

greenhouse horticulture sector. CO2 is necessary for the growth of crops. It is

now mainly produced by burning natural gas. Should the greenhouse horticulture

wish to make the switch away from natural gas, the sustainable CO2 from Twence

will be an alternative. In doing so, Twence is making an important contribution

to making the greenhouse horticulture sector more sustainable.

Cooperation

Marc Kapteijn, Twence Managing Director: "It is Twence's ambition to contribute

to the circular economy and to produce more valuable raw materials from waste.

This CO2capture plant is a wonderful example of that. The realisation of the

plant requires knowledge and expertise. Which is why we collaborate with skilled

and specialised parties. I look forward to a successful collaboration, one in

which safety comes first!"

ENDS

Media contact:

Ivar Simensen, mob: +47 464 02 317 (http://tel:+47 464 02 317), email:

ivar.simensen@akerhorizons.com

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

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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/).