Aker Carbon Capture

Environmental & Social Information • Jan 23, 2024

Aker Carbon Capture and MAN Energy Solutions join forces to accelerate CCUS in North America

Aker Carbon Capture and MAN Energy Solutions join forces to accelerate CCUS in North America

Aker Carbon Capture and MAN Energy Solutions have signed a Memorandum of

Understanding to jointly pursue opportunities related to carbon capture,

utilization and storage (CCUS) and CO2 compression in the North American market.

The agreement leverages MAN's expertise in compressor technology and system

integration, as well as Aker Carbon Capture's proven amine technology and carbon

capture products. The adoption of standardized and modularized solutions will

contribute to drive scale through cost-efficient developments with optimized

energy consumption and delivery time.

The two companies are currently collaborating on delivering the world's first

carbon capture plant for the cement industry at Heidelberg Materials' Brevik CCS

project in Norway.

"We are thrilled to expand our cooperation with MAN Energy Solutions to the

North American market, where we see significant potential for CCUS to drive the

transition towards net zero", said Jonah Margulis, Head of North America at Aker

Carbon Capture. "This agreement will strengthen our position to remove and

reduce carbon emissions from industries and energy solutions, which is supported

by strong incentives from the U.S. Government".

"We are delighted to work with ACC, which appreciates our comprehensive

expertise in compressor solutions in general and in the area of CO2 compression

in particular. We feel encouraged by the high level of interest in our technical

solution concepts that we are on the right path towards sustainable

decarbonization of the industries that have previously had particularly high

emissions", said Dr. Marco Ernst, Head of Sales and Project Management CCS at

MAN Energy Solutions.

North America is one of the leading regions for CCUS globally, with a large

number of projects under development and in operation. According to Rystad

Energy, the total volume of CO2 captured could reach 200 million tonnes per year

in this region by 2030, which is twice the size of the current European 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

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

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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/).