Aker Carbon Capture

Environmental & Social Information • Aug 17, 2021

Aker Carbon Capture Supports Greensand CO2 Storage Project in Denmark

Aker Carbon Capture Supports Greensand CO2 Storage Project in Denmark

Aker Carbon Capture is a proud partner of the Danish Greensand CO2 transport and

storage project, which today announced the formation of a strong industry

consortium to drive forward one of Europe's leading CO2 infrastructure projects.

"Open access infrastructure for transport and storage of CO2 is key to deliver

on the Paris agreement, and Aker Carbon Capture is proud to support national

infrastructure projects with key capabilities and experience," said Henrik

Madsen, Chairman of Aker Carbon Capture.

"Greensand can be an enabler for a sustainable Danish industry by offering

permanent CO2 storage to a variety of greenhouse gas emitters, and thus

supporting a strong common European drive towards Net Zero," added Madsen.

Aker Carbon Capture is proud to support the Greensand project as one of 30

Danish and international companies and research institutes that have joined

forces to carry out a dedicated pilot project. The project, which is led by

Ineos Oil & Gas and Wintershall DEA, aims to demonstrate that CO2 can be

injected into the Nini West reservoir offshore Denmark, as well as supporting

the deployment of cost-effective and environmentally safe monitoring

technologies.

"New cost-effective CO2 storage capacity is an important enabler of

decarbonization for our customers.  Through our Danish entity, Aker Carbon

Capture Denmark, we are well positioned to serve not only the growing CCS market

in Denmark, but also accelerate other markets in Europe," said Jon Christopher

Knudsen, Chief Commercial Officer of Aker Carbon Capture.

The project will form the basis for a decision to enable CO2 storage as early as

2025, positioning Greensand among the frontrunners of CO2 storage projects in

Europe.

ENDS

Media contact:

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

ivar.simensen@akerhorizons.com

Investor contact:

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

christian.yggeseth@akerhorizons.com

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

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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/).