Aker Carbon Capture

Environmental & Social Information • Feb 22, 2024

Aker Carbon Capture awarded study for waste-to-energy plants in Northern Europe

Aker Carbon Capture awarded study for waste-to-energy plants in Northern Europe

Aker Carbon Capture has been awarded a study from a European developer to assess

the feasibility of integrating carbon capture at multiple biomass and waste-to

-energy facilities. The four initial plants will be based on Aker Carbon

Capture's modular Just Catch, which enables synergies across the projects,

faster realization and reduced overall risk.

"We are excited to be working on this leading carbon capture initiative. We

believe that our configurable Just Catch, which facilitates serial-produced

carbon capture units, will provide cost and delivery benefits. By addressing our

customer's specific requirements, we aim to contribute to the successful

realization of their CCUS projects," said Jon Christopher Knudsen, Chief

Commercial Officer at Aker Carbon Capture.

This award emphasizes Aker Carbon Capture's leading European market position

with proven technology, modularized and standardized products and a major

project portfolio. The European Commission recently presented a 90% net GHG

emissions reduction proposal compared to 1990 levels as the recommended target

for 2040. To deliver a reduction of net GHG emissions of 90%, the EU's GHG

emissions in 2040 should be less than 850 MtCO2-eq and carbon removals should

reach up to 400 MtCO2, a large part of which will have to be BECCS.

Aker Carbon Capture is currently delivering seven carbon capture plants. In the

Netherlands, Aker Carbon Capture is in the final stages of delivering a Just

Catch 100 at the Twence waste-to-energy facility. For Heidelberg Materials'

cement plant in Brevik Norway, Aker Carbon Capture is delivering a carbon

capture plant with a capacity of 400,000 tonnes per year. The company is also

delivering five Just Catch 100 units to Ørsted's bioenergy facilities in

Denmark, with a total design capture capacity of 500,000 tonnes CO2 per year.

These flagship projects contribute to Aker Carbon Capture's mission to serial

produce carbon capture units for the mid-scale emitter market.

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/).