Bergen Carbon Solutions AS

Regulatory Filings • Apr 27, 2021

Letter of Intent between The Antwerp port Authority and Bergen Carbon Solutions

Letter of Intent between The Antwerp port Authority and Bergen Carbon Solutions

Non-regulatory press releases

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

A letter of intent between Port of Antwerp and Bergen Carbon Solutions AS (BCS) where signed by our CEO Jan B. Sagmo on the 27.04.2021 stating interest in having discussion about BCS´s modular production units at their location.

The port of Antwerp is home to the largest integrated energy and chemical cluster in Europe. This makes it the ideal location to set up new collaboration and find innovative ways of cutting CO2 emissions. For this purpose Air Liquide, BASF, Borealis, ExxonMobil, INEOS, Fluxys, Port of Antwerp and Total joined forces at the end of 2019 to set up the Antwerp@C project. This collaborative venture will investigate the technical and economic feasibility of building CO2 infrastructure to support future CCUS (Carbon Capture Utilisation & Storage) applications.

The Antwerp Port Authority as well as the individual companies are fully aware of this evolution and the importance of taking action in a way that really makes a difference. In order to assure its competitiveness, the Antwerp Port Authority has developed a strong climate policy and wants to smooth the path for innovation. CO2 capture and utilization technology, as presented by Bergen Carbon Solutions AS, may play an important role to reach climate-neutrality in the coming decades.

Bergen Carbon Solutions AS is a company that has developed a proprietary method of producing CNF by using captured CO2. CNF is a high value product, lighter than plastic, stronger than steel and leads electricity better than copper, and is applied to a wide range of consumer and industrial products, from energy storage to protective clothing.

The CNF is made by using modular production units that are based on two 40 feet containers stacked on top of each other with two reactors (4 crucibles each). Each production unit can produce about 6.5 tonnes of CNF annually out of 30 tonnes of CO2. The production method and technology have been verified by DNV-GL, and the Company has been producing CNF at their test facility since summer 2020. The Company has developed an energy efficient, carbon negative production method, to produce CNF out of CO2, using only renewable energy and with O2 as the only bi-product and thus BCS calls it green CNF.

For more information:

Jan B Sagmo, CEO

Phone +47 47372701

Mail: janbsagmo@bergencarbonsolutions.com