Aker Carbon Capture

Regulatory Filings • Jul 12, 2021

Aker Carbon Capture launches Carbon Capture as a Service

Aker Carbon Capture launches Carbon Capture as a Service

Aker Carbon Capture today launches Carbon Capture as a Service; Carbon capture

made easyT,

an integrated offering that covers everything a customer needs to reduce

emissions by CCS.

"Now is the time to bring the full value chain together to enable source-to

-storage decarbonization. With our offering, customers will simply pay per tonne

captured CO2. We will handle the CO2 throughout the full value chain - from

point of emission to permanent storage," said Valborg Lundegaard, Chief

Executive Officer of Aker Carbon Capture.

As part of the service, Aker Carbon Capture will deliver and operate the carbon

capture facilities. Transport and storage will be embedded in the service

through strategic partnerships.

Interest from companies that want to reduce their industrial emissions has

skyrocketed. However, to most of these clients, CCS is a new concept that

requires large upfront investments and a variety of contracts and interfaces;

from securing financing, to separate contracts for each step in the value chain

as well as a number of contracts throughout the operational lifetime.

Aker Carbon Capture, building on more than 20 years of technology development

and operational experience with CCS, will handle all interfaces and contracts as

one single service, where the customer simply pays per tonnes CO2 captured.

Through standardization with our Just Catch modular product, digitalization, and

integrating the full value chain, Carbon Capture as a Service will not only

accelerate the market, but also accelerate cost reductions.Aker Carbon Capture

will remain a technology-driven innovator in the CCS space and maintain a

capital-light business model. The required investments for building and owning

the plants will be financed through a separate yield company to optimize the

overall cost of capital. This yield company will be established by Aker

Horizons, in cooperation with Aker Carbon Capture, and will invite third-party

capital that has a long-term capital deployment perspective and shared view on

the importance of decarbonization.

The new service is designed to accelerate deployment of CCS across industries.

"Many companies that want to reduce emissions through CCS have been held back by

the complexity and commitment required to act. This is carbon capture made easy;

commercially viable CCS," said Lundegaard.

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

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.