BCS: Extension of TKG Huchems MOU

27 Sep 2024 11:44 CEST

(Bergen, 27. September 2024): Bergen Carbon Solutions AS (BCS, OSE: BCS)

Reference is made to the stock exchange announcement dated 29 March 2023
regarding a MOU with the Korean chemical company TKG Huchems and the stock
exchange announcement dated 19 September 2023 regarding the extension of the
MOU. As of today, Bergen Carbon Solutions has extended this MOU with TKG Huchems
for the second time, with one more year. The MOU will remain in effect until 25
September 2025, under the same terms as the original MOU from March 2023. The
intent of the MOU is to develop Carbon Nano Tubes (CNT) utilizing technology
from Bergen Carbon Solutions, targeting battery cell manufacturers in the Asian
region.

Odd Strømsnes, CEO of Bergen Carbon Solutions, comments: "This second extension
of our partnership demonstrates the long-term commitment and confidence that we
have developed with our partner in South-Korea. Our relationship moves forward
as our technological maturity is increasing."

Both TKG Huchems and Bergen Carbon Solutions will proceed with discussions
centered around the commercialization of Bergen Carbon Solutions’ technology in
South Korea. The collaboration and shared commitment to the development of a
sustainable CNT technology for the Asian market remains a priority for both
entities.

About TKG Huchems
Huchems operates 14 plants across Korea, primarily serving the fine chemical
market. They stand as a leading producer of chemicals, with products including
nitric acid, ammonium nitrate, DNT, and MNB.

For further information, please contact:
Odd Strømsnes, CEO, os@bergencarbonsolutions.com, +47 480 88 571
Fredrik Øksnes, CCO, fredrik.oksnes@bergencarbonsolutions.com, +47 975 67 318

About Bergen Carbon Solutions AS
Bergen Carbon Solutions is a technology company the field of carbon utilisation.
The company is working to make CO2 a valuable resource, using renewable energy
to turn the excessive greenhouse gas into solid carbon. With its groundbreaking,
proven process for carbon capture and utilization (CCU), Bergen Carbon Solutions
is enabling clean carbon for green manufacturing. The technology may provide
stable delivery of carbon nanotubes and graphite, helping manufacturers to be
less exposed to the raw material risks of geopolitical rivalry. Established in
2016, based in Norway and listed on Euronext Growth, Bergen Carbon Solutions is
targeting the fast-growing battery industry globally, and other carbon intensive
industries looking to replace conventional, fossil-based solutions to stay
relevant in their markets. 
Follow us on https://www.linkedin.com/company/berge-carbon-solutions-as/
Bergen Carbon Solutions | www.bergencarbonsolutions.com

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