CIRCA AND OQEMA PARTNER FOR MULTI-YEAR DISTRIBUTION OF CYRENE™

17 Jan 2023 07:00 CET

OSLO, NORWAY – 16 JANUARY 2023 – Circa Group AS (stock symbol: CIRCA) and OQEMA
AG have signed a supply and capacity reservation agreement for the sale of
Cyrene™ into Europe.

The agreement is for the market development and supply of several thousand
tonnes of Cyrene™ per annum. This brings reservation commitments for Cyrene™
volumes to over 5,000 tonnes per annum, which will be supplied by Circa’s
ReSolute™ plant, and the following FC6 plant, now at planning stage.

“Bringing to market a safer and lower carbon solvent requires committed
partners, and OQEMA is a very good match for us. Circa is changing chemistry for
good and they share our vision for a more sustainable chemicals industry. Most
importantly, this agreement reinforces market confidence in Cyrene™ as a
credible solvent for applications that currently depend on toxic petro derived
solvents,” commented Tony Duncan, CEO, Circa Group AS.

OQEMA is a growing force in the EU chemicals distribution business, servicing
thousands of customers across 21 countries. Their 1,300 employees cover markets
that are key to the growth of Cyrene™, offering full-service capabilities
including solvent recycling.

Emad Kakakhel, Group Director Sustainability said, “Circa is exactly the type of
company we want to work with as we focus our strategy on sustainability. We see
an appetite for bio-based chemicals and expect demand for Cyrene™ to be strong.
By working closely with Circa and our customers, we are introducing a novel
solvent for the first time to replace the harmful solvents currently in use
today.”

The agreement provides for exclusivity across EU markets, and recognises the
existing agreements Circa has with Will & Co, Merck and DICHEM as well as
providing channel options for specific large customers.

About Circa
Established in 2006, Circa Group converts sustainable, non-food biomass into
advanced bio-based chemicals with its proprietary Furacell™ process. Its
developing product portfolio includes flavours, biopolymers, and bio-solvents
including Cyrene™. By creating renewable chemicals from cellulose, Circa is
extracting value from non-food, biomass and addressing a gap in the market by
providing bio-based alternatives contributing to a more circular economy.
https://circa-group.com

About OQEMA
The OQEMA Group is one of the leading chemical distributors in Europe. Almost
1,300 employees currently work for OQEMA at 45 locations in 23 countries. At the
interface between chemicals manufacturers and chemical-processing industries,
the OQEMA Group provides pan-European services along the supply chains, which
includes procurement, product development, individual mixing, logistics and
recycling. The Group has specific expertise in the technical and regulatory
support of its customers. OQEMA is also the exclusive distribution partner of
various renowned producers. OQEMA offers a highly dynamic and continuously
expanding product portfolio of more than 14,000 products.


Media Contact
Amanda Keogh
General Manager Marketing and Sustainability
Circa Group AS
Amanda.keogh@circa-group.com
Tel: +61 407 275 126


Investor Contact
Tone Leivestad
Chief Financial Officer
Circa Group AS
tone.leivestad@circa-group.com
Tel: +47 406 39 455

More information:
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