Aker Carbon Capture

Regulatory Filings • Jan 20, 2023

World's first carbon capture pilot for smelters inaugurated at Elkem in Rana, Norway

World's first carbon capture pilot for smelters inaugurated at Elkem in Rana, Norway

Today, the world's first carbon capture pilot for smelters has been officially

inaugurated. The Mobile Test Unit (MTU), delivered by Aker Carbon Capture, is

now connected to Elkem's plant in Rana, which produces high-purity ferrosilicon

and microsilica.

The carbon capture pilot testing is a collaboration between Elkem, Mo

Industripark, SMA Mineral , SINTEF, Alcoa, Celsa Group, Ferroglobe PLC, Norcem

AS, NorFraKalk AS, ACT Cluster and Aker Carbon Capture. With full-scale

implementation, 1.5 million tonnes of CO2 can be captured from their combined

emissions. In a couple of months, testing will commence at SMA Mineral.

Amund Vik, Deputy Minister from the Norwegian Ministry of Petroleum and Energy,

spoke at the ceremony.

"There is no doubt that we need CCUS to reach our climate targets. We need CCS

in hard-to-abate industries to keep industrial jobs in Europe. This pilot will

provide important learning related to CO2-capture in metal industries, and will

be an important hub for other companies in the Industrial Park to test CO2

-capture technology," says Deputy Minister Amund Vik.

"The Mobile Test Unit was built in 2008 and has continuously been upgraded in

accordance with our latest technology developments. Aker Carbon Capture can

therefore offer our customers a unique opportunity to test our technology at

their site and de-risk the project prior to a possible full-scale

implementation. It is truly great to officially kick off this project today with

all our partners in Rana," says Valborg Lundegaard, Chief Executive Officer at

Aker Carbon Capture.

"Elkem is very pleased to be a part of this pilot. The world needs more metals

and other materials to succeed with the green transition, but we also need to

achieve lower global CO2 emissions. Carbon capture can potentially contribute

significantly towards our global climate roadmap of reducing emissions towards

net zero while growing supplies to the green transition. At the same time, Elkem

is dependent on our stakeholders to enable green technologies at an industrial

scale. That is why we are particularly pleased about the good collaboration

between several partners in this project, and we will monitor the results of the

pilot closely," says Elkem's CEO Helge Aasen.

Elkem's plant in Rana, Norway, was established in 1989 and today has around 140

employees. It produces speciality ferrosilicon products and microsilica based on

renewable hydropower.

The pilot test is part of a larger R&D project, CO2 HUB Nord, which runs over

two years and is funded by Climit Demo. The main goal of the project is to

verify the technology on real industrial gases from smelters and other process

industries, in order to prepare a full-scale plant for industrial carbon

capture.

Through development and verification of new technology for carbon capture, the

CO2-HUB Nord accelerates innovation and industrialization of the carbon capture,

utilization and storage (CCUS) value chain. Industrialization of such technology

is considered as an important contributor to reducing CO2 emissions and

delivering on the global sustainability goals.

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

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

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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/).