Aker Carbon Capture

Regulatory Filings • Sep 8, 2021

Aker Carbon Capture Gears Up to Realize CCS in the UK

Aker Carbon Capture Gears Up to Realize CCS in the UK

The pure play carbon capture company Aker Carbon Capture is gearing up in the UK

to capture opportunities in the rapidly evolving Carbon Capture and Storage

market.

The company recently established a UK entity and is working on several projects

to apply its proprietary carbon capture technology in the UK, which has been a

front-runner in developing CCS over the past decade.

The UK government has pledged to establish carbon capture of up to 10 million

tonnes of CO2 per year from 2030, with the first industrial clusters in

operation by the mid-2020s.

"Aker Carbon Capture will work to realize the solutions and facilities required

for the UK to reach its ambitious climate goals and contribute to developing new

sustainable jobs in the country," said Valborg Lundegaard, Chief Executive

Officer of Aker Carbon Capture.

CCS could support thousands of jobs in the UK by 2030, according to the UK

government's plans for a £1 billion CCS infrastructure fund - part of its Ten

Point Plan for a Green Industrial Revolution from November 2020.

Aker Carbon Capture will work closely with a new consortium announced today by

Aker Solutions, Siemens Energy and Doosan Babcock to deliver CCS solutions for

gas fired power stations in the UK. Aker Carbon Capture will provide its capture

technology with low solvent degradation and low emissions and key equipment to

complement the consortium's broad capabilities to deliver major industrial

projects.

Aker Carbon Capture and Siemens Energy in March announced plans to develop

combined offerings for carbon capture solutions for gas turbines and gas-fired

power plants. Siemens Energy, a leading energy technology company focused on

driving decarbonization, offers an established UK track record in the delivery

of CCGT power plants and strong operations and maintenance capabilities.

Separately, Aker Carbon Capture is also actively engaged in projects in other

sectors, including the waste-to-energy industry. the company recently completed

a feasibility study for Viridor to explore implementation of carbon capture at

one or more of the recycling and waste management company's plants in the UK.

Aker Carbon Capture is also exploring the market for CCS for cement factories

building on the project experience from the Heidelberg cement factory in Brevik,

Norway.

Offering Carbon Capture as a Service - carbon capture made easyT

One market innovation that could encourage early adoption of CCS in the UK is

carbon capture as a service. Aker Carbon Capture is offering an integrated

solution that covers everything a customer needs to reduce emissions by CCS. As

part of the service, Aker Carbon Capture will deliver and operate carbon capture

facilities, with transport and storage embedded in the service through strategic

partnerships.

"The market response to carbon capture as a service has been very encouraging.

Offering the full value chain under one pay-per-tonne model is a bold innovation

the market appears to appreciate," said Jon Christopher Knudsen, Chief

Commercial Officer at Aker Carbon Capture.

ENDS

Media contact:

Ivar Simensen, mob: +47 464 02 317 (http://tel:+47 464 02 317), email:

ivar.simensen@akerhorizons.com

Investor contact:

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

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

Twitter (https://twitter.com/akercarbon),

Instagram (https://www.instagram.com/akercarboncapture/) and

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/).