Aker Carbon Capture

Environmental & Social Information • Mar 22, 2024

Aker Carbon Capture awarded study and test campaign from Wacker

Aker Carbon Capture awarded study and test campaign from Wacker

Aker Carbon Capture has been awarded a feasibility study and an eight-months

test campaign to explore the capture of CO2 emissions from WACKER's

metallurgical-grade silicon production at the Holla plant in Kyrksæterøra,

Norway. The German multinational chemical group has set a goal to halve its

greenhouse gas emissions by 2030 and be net zero by 2045.

Silicon metal is one of WACKER's most important raw materials for producing two

key products in its portfolio: silicones and hyperpure polysilicon. Currently,

the silicon metal produced in Holla covers around one-third of demand at

WACKER's sites in Germany.

"We are proud to collaborate with WACKER, a pioneer of modern chemistry, on

their journey towards net zero. The test campaign will provide valuable learning

for implementation of our carbon capture technology in a new industry.

Additionally, the feasibility study will explore commercial application of the

technology at the Holla plant", said Tove Ormevik, Director Delivery Functions

and Aftermarket at Aker Carbon Capture. "Together, we see carbon capture as a

significant opportunity to reduce Norway's CO2 emissions", she continued.

Reducing emissions from the process industry is an important contributor to

meeting the Norwegian climate target of 55% GHG emissions reduction by 2030

relative to 1990 levels. According to Statistics Norway the process industry

represents approximately 20% of the total Norwegian GHG emissions, with 12

million CO2e in 2022. The European Commission recently presented a 90% net GHG

emissions reduction proposal compared to 1990 levels as the recommended target

for 2040. Carbon capture, utilization and storage (CCUS) is a solution to

significantly reduce emissions from hard-to-abate sectors, such as cement, waste

incineration, bioenergy, and other process industries.

Aker Carbon Capture's Mobile Test Unit is a complete CO2 capture plant that

includes the company's advanced carbon capture technology, meaning that the

results from test campaigns are scalable towards large scale plants. It is

transportable, flexible and can operate on different flue gases. Aker Carbon

Capture has more than 35,000 operating hours on different flue gases around the

world.

ENDS

Media contact:

Marianne Stigset, mob:?+47 41 18 84 82 (http://tel:+47 41 18 84 82), email:

marianne.stigset@akerhorizons.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

with us on LinkedIn (https://www.linkedin.com/company/aker-carbon

-capture), Facebook (https://facebook.com/akercarboncapture),

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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/).