CIRCA AND EKATO SIGN STRATEGIC TECHNOLOGY AGREEMENT

28 Feb 2023 07:00 CET

OSLO, NORWAY – 28 FEBRUARY 2023 – Circa Group AS (stock symbol: CIRCA) today
announced a strategic technology partnership with EKATO.

The agreement that has been signed with EKATO will see Circa incorporate EKATO’s
hydrogenation technology in the development of its ReSolute plant, which will be
commissioned in June 2024. The partnership also covers future commercial scale
plants including FC6, which is in the planning stages.

EKATO Group is the market leader in hydrogenation technology, which plays a
critical role in the production of Cyrene™, Circa’s flagship bio-based solvent.

EKATO RMT GmbH CEO Philip Mathon said: “At EKATO, we have a great strategic
interest to cooperate with companies developing innovative processes for
production of bio-based chemicals and materials. This long-term cooperation
agreement with CIRCA, is therefore, very important to us. As the leading process
loop solution provider in hydrogenation technology, we contribute with our
long-standing know-how and expertise from engineering to equipment to process
solution so as to ensure that CIRCA’s production process captures the synergies
of sustainability and profit.”

Circa Group AS CEO Tony Duncan said “Our contracts with major vendors are a
significant milestone as we progress towards the commissioning of ReSolute. By
partnering with global leaders of the chemical industry like EKATO, Circa is
gaining access to high calibre skills and the latest technology. This strategic
partnership positions Circa to work with the best in the field, as we execute
our vision to produce 80,000 tonnes of Cyrene™ by 2030.”


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, less carbon intensive alternatives, contributing to a more
circular economy.
https://circa-group.com


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

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

More information:
Access the news on Oslo Bors NewsWeb site

583725_20230228 Circa Group AS EKATO agreement.pdf