Aker Carbon Capture

Environmental & Social Information • Oct 18, 2023

Aker Carbon Capture awarded feasibility study by major waste-to-energy player in France

Aker Carbon Capture awarded feasibility study by major waste-to-energy player in France

Aker Carbon Capture has been awarded a feasibility study to implement carbon

capture at a waste-to-energy facility in France. The planned capture capacity

will be approximately 200,000 tonnes CO2 per year and will be based on two Just

Catch 100 carbon capture units. Year-to-date, Aker Carbon Capture has now

contracted studies, Mobile Test Unit campaigns and pre-FEEDs for a combined

capture capacity of 8.7 million tonnes of CO2 per year.

"We are excited to be working on this decarbonization project, which will be

Aker Carbon Capture's first study in France. Carbon capture, usage, and storage

(CCUS) has been identified as playing a key role in France's goal to achieve Net

-Zero greenhouse gas emissions by 2050", said Jon Christopher Knudsen, Chief

Commercial Officer at Aker Carbon Capture. "To support project developers and

scale up CCUS deployment, the government will launch a call for tenders through

a Contracts for Difference scheme. We see a strong interest from French

emitters, including waste-to-energy companies, to decarbonize through CCUS",

continued Knudsen.

In July of this year, France released its CCUS Strategy, as part of the

government's efforts to reach carbon neutrality by 2050. According to the

strategy, CCUS can have the potential to capture and store up to 8.5 million

tonnes of CO2 emissions per year by 2030. A framework for CO2 transport will be

developed, and geological storage sites will undergo pilot testing from 2024

-2025. The annual greenhouse gas emissions in the waste management industry in

France were at 18.09 million tonnes of CO2 in 2021.

The study will assess the optimal CO2 capture, conditioning, and compression

solution for a waste-to-energy facility. For this project, Aker Carbon Capture

aims to deliver its standardized Just Catch modular product, incorporating the

company's Energy Saver technology.

At Twence's waste-to-energy facility in the Netherlands, Aker Carbon Capture is

currently delivering a Just Catch unit with a capacity of 100,000 tonnes CO2 per

year. The company also started in May of this year the delivery of five Just

Catch units to Ørsted's bioenergy facilities in Denmark, with a design capture

capacity of 500,000 tonnes CO2 per year. These flagship projects contribute to

the company's mission to serial produce carbon capture units providing cost and

delivery benefits for the mid-scale emitter market.

ENDS

Media contact:

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

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/).