Aker Carbon Capture

Environmental & Social Information • Feb 2, 2023

Aker Carbon Capture awarded decarbonization study for German chemicals company Röhm

Aker Carbon Capture awarded decarbonization study for German chemicals company Röhm

Aker Carbon Capture has been awarded a feasibility study for the development of

two carbon capture plants for Röhm, a leading chemicals manufacturer, to capture

nearly 500,000 tons CO2 per year.

The collaboration brings together Aker Carbon Capture's proprietary amine

technology with Röhm's experience in manufacturing methyl methacrylate-based

products. These products are used in applications ranging from paint and

materials for automotive to medical applications. The collaboration aims to

support the decarbonization ambitions of both Röhm and the German industry,

while the study also strengthens Aker Carbon Capture's presence in the maturing

German market.

"We are delighted to be working with one of the leading manufacturers in the

German chemical industry to reduce emissions," said Valborg Lundegaard, Chief

Executive Officer at Aker Carbon Capture. "Our proven technology will be an

important enabler for Röhm to reach their climate targets."

"The carbon capture technology for separating and concentrating carbon dioxide

from flue gas of our processes opens several options for Röhm. On the one hand,

the captured CO2 can be transferred and stored in empty gas fields, so-called

carbon capture and storage. On the other hand, the CO2 can be utilized as raw

material to produce methyl methacrylate. For example, CO2 can be converted into

methanol or acetone, contributing to the transition to a circular economy,"

explains Steffen Krill, responsible for sustainability transformation at Röhm.

The feasibility study covers carbon capture in Röhm's major production regions

in Germany, with an overall CO2 capture capacity of close to 500,000 tons per

year. A preliminary study which has already been carried out, has shown that

possibly disruptive components in the flue gas for the operational units such as

SO2 and NOx do not represent any technical limitation for the technology used by

Aker Carbon Capture.

While total greenhouse gas emissions in Germany have fallen about 40 percent

since 1990, CO2 emissions from industry have remained largely unchanged, at 181

million tons in 2021. CCUS represents a solution to significantly reduce

emissions from hard-to-abate sectors, such as cement, waste to energy and

chemicals production.

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

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

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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/).