Bewi Invest AS

BEWI invests in advanced recycling technology

BEWI, a leading provider of packaging, components, and insulation solutions, has

invested in Polystyvert Inc., for development and commercialisation of

dissolution technology for recycling of expanded polystyrene (EPS).

Polystyvert Inc. is an innovative company focusing on circular economy for

styrenic plastics through a dissolution recycling process. The company is based

in Montreal in Canada, where it has a demo-site at which proof of concept

studies for the technology has been successfully completed. Now, the company is

planning to set up a full-scale project, also in Montreal.

The dissolution technology allows for more contaminated feedstock to be used in

the recycling process, compared to the more traditional mechanical recycling

used by BEWI today. The technology could therefore be complementary to the

current, resulting in increased volumes of recycled materials.

"Our investment into Polystyvert, and their development of a full-scale project,

allows us to get detailed knowledge and insights into their technology, in which

we strongly believe. We continuously evaluate technologies and recycling

processes, in our constant chase for a circular value chain," says Jonas

Siljeskär, COO of BEWI.

Following evaluation of the full-scale project in Montreal, Polystyvert is

considering setting up a full-scale project in Europe.

For further information, please contact:

Charlotte Knudsen, Director of IR and Communications BEWI ASA, tel. +47 9756

1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation

solutions. The company's commitment to sustainability is integrated throughout

the value chain, from production of raw materials and end goods, to recycling of

used products. With a vision to protect people and goods for a better every day,

BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

About Polystyvert Inc.

Founded in 2011, Polystyvert is a Montreal-based clean technology start-up that

has developed an innovative, low-carbon-footprint process to recycle polystyrene

based on a dissolution technology. Effective on all types of polystyrene,

Polystyvert's technology includes a purification process that removes all

contaminants. The result is a high purity recycled resource that can be reused

for upcycled polystyrene products, opening the door to a larger market than

actual mechanical recycling technologies.

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