Cambi and Frevar sign the construction contract for the Fredrikstad project

07 Mar 2023 15:17 CET

Asker, Norway, 7 March 2023

Reference is made to the stock exchange notice from Cambi on 20 July 2022
regarding a large turnkey contract for a new sludge treatment plant with thermal
hydrolysis in Fredrikstad, Norway.

The collaboration phase for Cambi’s project has been successfully completed,
including several design optimisations. The delivery scope has not changed
significantly.

Earlier this afternoon in Fredrikstad, Cambi and Frevar signed the construction
contract. Work under the contract will commence upon completion of the
collaboration phase for the wastewater treatment process and civil
constructions.

The project is progressing well, and the handover of Cambi’s scope remains
scheduled for 2027.

For more information, please contact:
Mats Tristan Tjemsland, CFO, +47 920 67 094, mats.tjemsland@cambi.com


Note:

Cambi describes the value of new contracts 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 25 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 in
Euronext, Europe’s largest stock exchange platform. Find out more at cambi.com.

More information:
Access the news on Oslo Bors NewsWeb site

584472_2023.03.07 - Press Release - Cambi and Frevar sign the construction contract for the Fredrikstad project.pdf