Aker Carbon Capture

Regulatory Filings • Dec 7, 2022

Aker Carbon Capture selected by Viridor as partner on pre-FEED study for Runcorn CCS

Aker Carbon Capture selected by Viridor as partner on pre-FEED study for Runcorn CCS

Aker Carbon Capture will support Viridor in the provision of a pre-FEED study

for the Runcorn CCS project, which is located around 20 km from Liverpool. When

in operation, the facility will be one of the first large scale carbon capture

projects at an energy-from-waste facility in the world. The pre-FEED study

explores the installation of a carbon capture plant in the HyNet cluster, part

of the Department for Business, Energy, and Industrial Strategy (BEIS) Track 1

sequencing process, capturing around 1 million tonnes CO2 per annum.

"We are delighted to partner with Viridor on this exciting project that could

realize major emission reductions in a hard to abate sector. Viridor is the

largest waste company in the UK. Given its ambitious decarbonization targets, it

can play an instrumental role in helping reach Britain's climate goals, and

together we see CCS as a great opportunity to create green jobs in the UK," said

Valborg Lundegaard, Chief Executive Officer at Aker Carbon Capture.

Viridor has a publicly committed plan to become the first net zero waste company

by 2040 by implementing CCUS and the extraction of plastic from residual waste

streams for more circular recycling.

Kevin Bradshaw, Chief Executive Officer at Viridor, commented: "Our vision for

Viridor is to be the UK's leading innovator in resource recovery and recycling

to deliver a climate positive future. This collaboration with Aker Carbon

Capture to bring our combined focus on the delivery of CCUS at Runcorn targets a

significant milestone in realizing that vision."

This collaboration builds on the Memorandum of Understanding (MOU) that Viridor

and Aker Carbon Capture signed last year. In this MOU, both parties announced

plans to help the UK accelerate its decarbonization agenda through a partnership

for next-generation CCS.

Energy from waste with CCS could play a leading role in the UK's decarbonization

efforts. If all facilities in the UK were fitted with CCS, approximately five

million tonnes of negative emissions could be stored each year. At Runcorn CCS,

around half of the waste originates from biogenic sources, enabling half a

million tonnes of negative emissions, effectively removing these from the

atmosphere.

"The potential to implement CCS at energy-from-waste facilities in the UK and

help deliver deep decarbonization is massive. Today, Aker Carbon Capture is

already building a carbon capture facility at Twence's waste to energy plant in

the Netherlands, a first-of-a-kind standardized design. At the Runcorn facility,

Viridor will benefit from modularity in the Aker Carbon Capture Big Catch

portfolio, reducing complexity and cost," concludes Lundegaard.

ENDS

Media contacts

Aker Carbon Capture: Yannick Vanderveeren, mob: +47 458 36 358 (http://tel:+47

458 36 358), email: yannick.vanderveeren@akercarboncapture.com

Viridor: communications@viridor.co.uk

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

About Aker Carbon Capture

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/).

About Viridor

Viridor is one of the UK's leading resource and waste management companies. Its

ambition is to build a world where nothing goes to waste. In May 2021, Viridor

committed to becoming the UK's first climate positive waste management company

by 2045 - removing more emissions from the atmosphere than it creates.