Circa Group enters into collaboration agreement with Vertec Biosolvent to develop market for Cyrene™ in the Americas

30 Aug 2024 14:00 CEST

OSLO, NORWAY – 30 August 2024 – Sustainable biochemicals company Circa Group AS
(stock symbol: CIRCA) and Vertec Biosolvents, Inc., a US-based technology leader
in bio-based solvent blends, have entered into a collaboration agreement to
develop the market for Cyrene™, Circa’s sustainable, biomass-derived industrial
solvent, in the Americas region. The substitution of hazardous petroleum-based
solvents can be achieved through blending of bio-based solvents that can offer
similar or superior performance with a safer and more sustainable environmental,
health, and safety (EHS) profile.

Vertec expertise in bio-based solvent blends combined with Circa’s experience
with its product Cyrene™ create the basis for developing new products able to
serve a larger number of applications and be more competitive with existing
solutions.

"Partnering with Vertec is a crucial step in expanding our presence in the U.S.
market for applications that need customized solutions.” said Circa VP Product
Development, Alessandro Napoli. “By merging the expertise of both companies, we
will speed up the shift towards safer and more sustainable products in the
regions we serve.”

“Vertec is very pleased to bring Cyrene™ to our customers in North America,”
said Skip Laubach, Vertec CEO. “We anticipate great value for our customers in
bringing Cyrene™ into our solvent blends to address more demanding
applications.”



About Circa
Established in 2006, Circa Group converts waste, 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, surplus biomass and contributing to industry as it
transitions to a more circular and decarbonised economy. Circa Group is listed
on the Euronext Growth Market in Oslo, ticker: CIRCA.

About Vertec Biosolvents, Inc.
Vertec Biosolvents is a pioneer in the development of high-performing bio-based
solvents able to replace petroleum-based ones in a wide variety of applications.
Vertec operates with a continuous focus on the core tenants of sustainability
and social responsibility: human health, resources’ conservation and CO2
footprint.



Investor Contact
Erik Berger
Chief Financial Officer Circa Group AS
erik.berger@circa-group.com
Tel: +47 908 55 033

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626747_240830 Circa Group AS NewsPoint release Vertec collaboration.pdf