Aker Carbon Capture awarded decarbonization study for German chemicals company Röhm

02 Feb 2023 08:00 CET

Aker Carbon Capture has been awarded a feasibility study for the development of
two carbon capture plants for Röhm, a leading chemicals manufacturer, to capture
nearly 500,000 tons CO2 per year.

The collaboration brings together Aker Carbon Capture's proprietary amine
technology with Röhm's experience in manufacturing methyl methacrylate-based
products. These products are used in applications ranging from paint and
materials for automotive to medical applications. The collaboration aims to
support the decarbonization ambitions of both Röhm and the German industry,
while the study also strengthens Aker Carbon Capture's presence in the maturing
German market.

"We are delighted to be working with one of the leading manufacturers in the
German chemical industry to reduce emissions," said Valborg Lundegaard, Chief
Executive Officer at Aker Carbon Capture. "Our proven technology will be an
important enabler for Röhm to reach their climate targets."

"The carbon capture technology for separating and concentrating carbon dioxide
from flue gas of our processes opens several options for Röhm. On the one hand,
the captured CO2 can be transferred and stored in empty gas fields, so-called
carbon capture and storage. On the other hand, the CO2 can be utilized as raw
material to produce methyl methacrylate. For example, CO2 can be converted into
methanol or acetone, contributing to the transition to a circular economy,"
explains Steffen Krill, responsible for sustainability transformation at Röhm.

The feasibility study covers carbon capture in Röhm's major production regions
in Germany, with an overall CO2 capture capacity of close to 500,000 tons per
year. A preliminary study which has already been carried out, has shown that
possibly disruptive components in the flue gas for the operational units such as
SO2 and NOx do not represent any technical limitation for the technology used by
Aker Carbon Capture.

While total greenhouse gas emissions in Germany have fallen about 40 percent
since 1990, CO2 emissions from industry have remained largely unchanged, at 181
million tons in 2021. CCUS represents a solution to significantly reduce
emissions from hard-to-abate sectors, such as cement, waste to energy and
chemicals production.

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
with us on LinkedIn (https://www.linkedin.com/company/aker-carbon
-capture), Facebook (https://facebook.com/akercarboncapture),
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YouTube (https://www.youtube.com/channel/UCqE71jAZxmM-CNhfUQq86kQ). This press
release may include forward-looking information or statements and is subject to
our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/).

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