Aker Carbon Capture

EU approves funding for Twence's carbon capture project

The European Commission has found a Euro 14.3 million Dutch investment aid to Twence

Holding BV to build a carbon capture and use facility to be in line with EU

State aid rules.

The project will enable the removal of CO2 from flue gases at the Twence's waste

-to-energy installation facility located at Hengelo, in the Netherlands. The

captured liquid CO2 will be used primarily by greenhouses in the horticultural

sector, where it is to be used to enhance crop growth. The investment project

relates to the capturing process and equipment of the liquefied CO2.

"We are pleased to see the proposed state funding approved by the EU and we look

forward to continuing our dialogue with the customer to realize this major

project to capture and utilize CO2 in the Netherlands," said Valborg Lundegaard,

Chief Executive Officer of Aker Carbon Capture.

Full article from the European Commission:

https://ec.europa.eu/info/news/state-aid-commission-approves-eu143-million-dutch

-aid-support-carbon-capture-and-use-facility-2021-jul

-30_en (https://ec.europa.eu/info/news/state-aid-commission-approves-eu143

-million-dutch-aid-support-carbon-capture-and-use-facility-2021-jul

-30_enhttps://ec.europa.eu/info/news/state-aid-commission-approves-eu143-million

-dutch-aid-support-carbon-capture-and-use-facility-2021-jul-30_en)

ENDS

Media contact:

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

Investor contact:

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/).

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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