Cambi commences the THP upgrade project at Ringsend in Dublin

19 Jan 2023 17:49 CET

Asker, Norway, 19 January 2023


Reference is made to the previous stock exchange notice by Cambi ASA on 3
September 2021 regarding a framework agreement signed with Irish Water.

Cambi has now entered an Equipment Supply Agreement (ESA) with Murphy Process
Engineering, Irish Water’s main contractor, for a comprehensive Sludge Line
Enhancement project at the Ringsend wastewater treatment plant in Dublin.

Early Works comprising detail engineering commence today and are expected to be
completed in the first half of 2023. Procurement, manufacturing and site work
will follow, pending a notice to proceed. The contract value for the upgrade
project is classified as a sizeable contract for Cambi. The received Early Works
order amounts to 20% of the contract value.

The project progresses as indicated in September 2021, with completion envisaged
before the end of 2024.



For more information, please contact:

Mats Tristan Tjemsland, CFO, +47 920 67 094
Tord Finstad, Managing Director Services, +47 947 87 799


Note:

When announcing new contracts, Cambi describes the contract value using the
following classification:

Value in NOK million

Contract 15-50
Sizeable contract 50-100
Large contract 100-200
Major contract >200



About Cambi:

Cambi is a global biogas technology and solutions supplier for wastewater
treatment plants and anaerobic digestion facilities. Since 1992, Cambi has
retained market leadership through continuous innovation and a robust portfolio
of proven and patented technologies. With strong project delivery and customer
support capabilities, the company has delivered many well-performing
installations in 26 countries on six continents.

Cambi’s thermal hydrolysis process increases renewable energy output, reduces
operational costs, and minimises greenhouse gas emissions. It is suitable for
all biosolids outlets, including land application and thermal processes such as
drying, pyrolysis, and incineration. Thermal hydrolysis is compatible with all
sludge and waste treatment regulations and easy to integrate at new and existing
anaerobic digestion sites.

Cambi is listed on Euronext Growth Oslo, a multilateral trading facility part of
Euronext, the largest stock exchange platform in Europe. Find out more at
cambi.com.

More information:
Access the news on Oslo Bors NewsWeb site

580433_2023.01.19 - Press Release - Cambi commences the THP upgrade project at Ringsend in Dublin.pdf