Hunter Group ASA and DNV sign CCS development agreement

06 Mar 2023 13:37 CET

Oslo, 6 March 2023

Please refer to the attached document for further information.

Hunter Group ASA and DNV have entered into a joint cooperation agreement for the
development of a low pressure mid-stream shipping solution for Carbon Capture
and Storage. The parties have agreed to work together to develop a 40-70K cbm
liquified CO2 carrier with 20-30K cbm feeder vessels with the aim to meet
defined targets towards a sustainable CCS shipping solution to be operated on
the Norwegian Continental Shelf and European waters. Both technological and
operational measures will be assessed, as well as hull and cargo tank designs.
Alternative fuels such as ammonia, methanol, fuel cells and CO2 abatement
technologies will also be evaluated as part of this project.

Contact:

Erik A.S. Frydendal, CEO, Ph. +47 957 72 947 E-mail: ef@huntergroup.no

Lars M. Brynildsrud, CFO, Ph. +47 932 60 882 E-mail: lb@huntergroup.no

This stock exchange announcement is made pursuant to section 5-9 of the
Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

584338_20230306_HGASA_DNV_JCP.pdf