Aker Carbon Capture awarded feasibility study by major waste-to-energy player in France

18 Oct 2023 07:00 CEST

Aker Carbon Capture has been awarded a feasibility study to implement carbon
capture at a waste-to-energy facility in France. The planned capture capacity
will be approximately 200,000 tonnes CO2 per year and will be based on two Just
Catch 100 carbon capture units. Year-to-date, Aker Carbon Capture has now
contracted studies, Mobile Test Unit campaigns and pre-FEEDs for a combined
capture capacity of 8.7 million tonnes of CO2 per year.

"We are excited to be working on this decarbonization project, which will be
Aker Carbon Capture's first study in France. Carbon capture, usage, and storage
(CCUS) has been identified as playing a key role in France's goal to achieve Net
-Zero greenhouse gas emissions by 2050", said Jon Christopher Knudsen, Chief
Commercial Officer at Aker Carbon Capture. "To support project developers and
scale up CCUS deployment, the government will launch a call for tenders through
a Contracts for Difference scheme. We see a strong interest from French
emitters, including waste-to-energy companies, to decarbonize through CCUS",
continued Knudsen.

In July of this year, France released its CCUS Strategy, as part of the
government's efforts to reach carbon neutrality by 2050. According to the
strategy, CCUS can have the potential to capture and store up to 8.5 million
tonnes of CO2 emissions per year by 2030. A framework for CO2 transport will be
developed, and geological storage sites will undergo pilot testing from 2024
-2025. The annual greenhouse gas emissions in the waste management industry in
France were at 18.09 million tonnes of CO2 in 2021.

The study will assess the optimal CO2 capture, conditioning, and compression
solution for a waste-to-energy facility. For this project, Aker Carbon Capture
aims to deliver its standardized Just Catch modular product, incorporating the
company's Energy Saver technology.

At Twence's waste-to-energy facility in the Netherlands, Aker Carbon Capture is
currently delivering a Just Catch unit with a capacity of 100,000 tonnes CO2 per
year. The company also started in May of this year the delivery of five Just
Catch units to Ørsted's bioenergy facilities in Denmark, with a design capture
capacity of 500,000 tonnes CO2 per year. These flagship projects contribute to
the company's mission to serial produce carbon capture units providing cost and
delivery benefits for the mid-scale emitter market.

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

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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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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