Capsol Technologies ASA

Regulatory Filings • Sep 8, 2025

Capsol Technologies awarded engineering study for European BECCS project

Capsol Technologies awarded engineering study for European BECCS project

Oslo, Norway, September 8, 2025 - Capsol Technologies, a leading provider of

carbon capture technology, has been selected by an undisclosed client to deliver

a feasibility study for evaluating CapsolEoP® at a biomass fired combined heat

-and-power plant in Europe.

The study will evaluate a Bioenergy with Carbon Capture and Storage (BECCS)

configuration capable of removing more than 200,000 tonnes of CO2 each year,

turning the facility into a source of durable, net negative emissions.

Fueled by waste wood, the facility already supplies renewable heat to nearby

communities. A CapsolEoP® plant can efficiently generate additional energy for a

district-heating network, optimizing overall energy use and reducing target cost

of high-quality carbon-dioxide-removal (CDR) credits.

"Biomass with carbon capture is emerging as a cornerstone of the net zero

toolbox. Partnering with a leading player on this landmark project accelerates

the scale-up of negative emissions in Europe," said Johan Jungholm, Chief

Business Development Officer at Capsol Technologies.

Market tailwind

Momentum in the voluntary CDR market is accelerating: 15.48 million tonnes of

durable CDR were contracted in Q2 2025 - more than all previous quarters

combined (13.6 million tonnes), according to CDR.fyi. Growing demand for

verifiable removals strengthens the business case for BECCS projects.

Capsol has a mature pipeline of more than 22.6 million tonnes of annual CO2

capture capacity, of which more than 5 million tonnes come from biomass and

energy-from-waste. Capsol's technology is already licensed for three bio-CCS

projects, including Stockholm Exergi's 800,000 tonne-per-year BECCS plant, which

reached final investment decision in March 2025, underscoring market traction.

Capsol has multiple high-conviction projects with potential FID's in 2026 and

based on target revenues of 10-15 EUR/tonnes, one fully priced FID could be

sufficient to generate positive EBITDA for three years.

For further information, please contact:

Jacob Zeno Clausen Krøvel

SVP Investment and Strategy, Capsol Technologies

+47 48 40 32 25

jacob.krovel@capsoltechnologies.com

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of

accelerating the transition to a net zero future. The technology combines

inherent heat recovery and generation in a stand-alone unit based on a proven

and safe solvent. Capsol's technology is licensed either directly to customers

or through industrial partners globally. Key segments include cement, biomass,

energy-from-waste and gas turbines. Capsol Technologies is listed on Euronext

Oslo Børs (ticker: CAPSL). For more information, visit capsoltechnologies.com.

To receive Capsol's stock exchange and press releases via email, subscribe at

capsoltechnologies.com/investors.