Aker Carbon Capture awarded test campaign and study for Fortum Waste Solutions in Denmark

19 Apr 2023 08:00 CEST

Aker Carbon Capture has been awarded a test campaign and feasibility study for
Fortum Waste Solutions' facility in Nyborg, Denmark. Fortum's waste incineration
plant is specialized in the safe destruction of hazardous waste and turning it
into energy. The planned capture capacity will be around 170,000 tonnes
CO2/year.

Aker Carbon Capture is currently delivering a first-of-a-kind modular carbon
capture facility at Twence's waste-to-energy plant in Hengelo, the Netherlands.
The company will bring learnings from this project to the Fortum decarbonization
study.

"We are proud to be working together with one of Europe's cleanest energy
producers", said Jon Christopher Knudsen, Chief Commercial Officer at Aker
Carbon Capture. "We look very much forward to help enable Fortum Waste Solutions
reaching their ambitious goal of carbon neutrality by 2030. Together, we see
carbon capture as a great opportunity to create green jobs in Denmark", he
continues.

Fortum Waste Solutions has extensive experience in handling hazardous waste. The
Danish company is part of the Fortum's Nordic Business Area Recycling & Waste,
which employs around 1,000 people, covering a network of over 30 offices. At the
facility in Nyborg, the hazardous waste is safely transformed into energy in the
form of district heating, which covers around 85% of Nyborg Municipality's
heating demand. A successful recovery of excess heat from the carbon capture
process can lead to more district heating, which can replace heat that is
produced with natural gas today.

"By selecting Aker Carbon Capture as an experienced partner for our feasibility
study and pilot project for capturing and storing CO2, we are in the best hands
to develop the optimal solution for Fortum. This is the starting point for
reaching the first milestone in our carbon capture and storage project, which
will make us CO2-neutral by 2030. In the long term this will develop the company
to not only detoxify and utilize hazardous waste from industry, but at the same
time recycle the derived CO2," says Jens Peter Rasmussen, Head of Waste
Management Service Denmark, Fortum Recycling & Waste.

An important part of the project will be the test campaign performed by Aker
Carbon Capture's Mobile Test Unit. The results from this test campaign can be
used towards a large-scale carbon capture plant.

"Different from other test rigs, our Mobile Test Unit is a complete replica of a
large Aker Carbon Capture plant and has more than 30,000 operating hours on
different flue gases around the world.  We can therefore offer our customers a
unique opportunity to test our technology at their site and de-risk the project
with results that are fully benchmarking towards a large implementation, prior
to a full-scale investment decision," said Tove Ormevik, Chief Operation and
Aftermarket Officer at Aker Carbon Capture.

Denmark aims to achieve a 70% reduction in greenhouse gas emissions compared
with 1990 levels by 2030, and climate neutrality by 2050. Carbon capture,
utilization, and storage (CCUS) represents a solution to significantly reduce
emissions from hard-to-abate sectors, such as cement, waste incineration,
bioenergy, and other process industries.

ENDS

Media contacts:

Aker Carbon Capture
Yannick Vanderveeren, mob: +47 458 36 358 (http://tel:+47 458 36 358),
email: yannick.vanderveeren@akercarboncapture.com

Fortum Waste Solutions A/S
Jesper Hansen, mob: +45 3085 8133 (http://tel:+45 3085 8133), email:
jesper.hansen@fortum.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

About Aker Carbon Capture
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),
Twitter (https://twitter.com/akercarbon),
Instagram (https://www.instagram.com/akercarboncapture/) and
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/).

About Fortum Waste Solutions A/S
Fortum Waste Solutions A/S in Nyborg, Denmark, is 'rethinking recycling' and is
leading the way towards revolution of materials. The company has problem solving
in the DNA and a mission to transform waste streams into new essential
materials. Fortum find solutions to their customers' environmental and waste
challenges to enable circularity of materials. In Denmark, Fortum offers total
waste management solutions for hazardous waste and employs approximately 170
employees.

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