Capsol Technologies and Sumitomo SHI FW demonstrate potential to capture up to 400,000 tons of CO\2\ at Mälarenergi's bio-CHP plant in Sweden

06 Nov 2024 08:00 CET

Capsol Technologies ASA (Capsol) and Sumitomo SHI FW (SFW) announce a carbon
capture demonstration campaign at Swedish Mälarenergi's combined heat and power
(bio-CHP) plant in Västerås, Sweden. The demonstration unit will commence
operations in November 2024 as part of a rental agreement between SFW and
Capsol.

Mälarenergi and SFW have signed an agreement under which SFW will provide a
mobile carbon capture demonstration facility and Mälarenergi will host the
corresponding operation activities at their biomass plant in Västerås, Sweden.
The mobile carbon capture unit, delivered by Capsol, is based on the Hot
Potassium Carbonate (HPC) process, incorporating the patented EoP® heat recovery
technology by Capsol.

The demonstration campaign will provide valuable data on the performance of the
technical solution for Mälarenergi's specific flue gas conditions that can be
used in optimizing the planned full-scale capture plant at Mälarenergi, which
will reduce emissions by approximately 400,000 tons of CO2 each year.

"Carbon capture has great potential to counteract the climate crisis. What we
need to move forward with our investigative work is plant-specific knowledge of
how the technology can be applied to the combined heat and power plant in
Västerås, in the most resource-efficient and optimal way possible. That is what
we are now going to investigate, practically and on site," says Niklas Gunnar,
CEO of Mälarenergi.

The HPC process has a CO2 capture rate exceeding 90% and produces high-purity
(<99%) CO2. The electricity-powered technology produces low-temperature heat,
contributing to sustainable heat production and low energy penalty. The
potassium carbonate solvent is safe and non-toxic, making the HPC solution eco
-friendly and fit for residential areas.

In October 2023, SFW and Capsol entered into an agreement for the delivery of
two CapsolGo® demonstration campaigns to be executed within SFW's global client
base. The companies have already conducted one testing campaign at Växjö Energi
AB's biomass plant in Sweden.

SFW and Capsol continue close cooperation in the Nordics, developing and
demonstrating innovative, concrete ways to mitigate climate change.

Capsol Technologies' traction within biomass and energy-from-waste (EfW) to
date:

·
In total, Capsol Technologies has signed technology license
agreements, engineering studies and CapsolGo® demonstration campaigns for EfW
and biomass plants totaling a potential of more than 7 million tons of CO2 to be
captured annually.

·
In July 2022, Capsol was awarded a license agreement for using CapsolEoP® at
Stockholm Exergi's biomass-powered combined heat and power plant Värtaverket in
Stockholm, Sweden.

·
In December 2023, Capsol was awarded a frame license agreement for using
CapsolEoP® at a EfW plant of a European utility.

·
In March 2024, Capsol signed a preliminary license agreement for KVA Linth's EfW
plant located in Switzerland.

·
Capsol has executed a CapsolGo® carbon capture demonstration campaign at
Öresundskraft's EfW plant Filbornaverket in Helsingborg, Sweden.

·
Capsol has executed a 12-month CapsolGo® demonstration campaign for a major
German energy company, including a campaign on an EfW plant.

·
Capsol has executed a CapsolGo® demonstration campaign at EEW's EfW site in
Hannover, Germany.

·
In October 2023, Capsol signed a contract for the delivery of two CapsolGo®
demonstration campaigns to be executed at Sumitomo SHI FW's client base. The
first campaign has been completed at Växjö Energi AB's Sandvik biomass plant in
Växjö.

For further information, please contact:
Ingar Bergh
Chief Financial Officer, Capsol Technologies ASA
+47 926 20 330

ingar.bergh@capsoltechnologies.com

Frank Ligthart

Vice President Circular Carbon, Sumitomo SHI FW

+358 40 561 9612

frank.ligthart@shi-g.com

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of
accelerating the world's transition to a net zero future. The technology
combines inherent heat recovery and generation in a stand-alone unit based on a
proven and safe solvent. Capsol's technology is licensed either directly to
customers or through industrial partners globally. Key segments include cement,
biomass, energy-from-waste and gas turbines. Capsol Technologies is listed on
Euronext Oslo Børs (ticker: CAPSL). For more information visit
capsoltechnologies.com.

To receive Capsol's stock exchange and press releases via email, subscribe at
capsoltechnologies.com/investors

About Sumitomo SHI FW

Sumitomo SHI FW (SFW) is a global provider of solutions and services that drive
the decarbonization of energy. Our solutions include energy from biomass and
waste, long duration energy storage, sustainable fuels, carbon capture, waste
heat boilers, as well as related services to digitalize, optimize, and
decarbonize assets that we deliver to the global power and industrial markets.
We strive to provide sustainable energy solutions for customers in a wide range
of industries including energy, waste, chemicals, metal, sustainable fuels,
cement and pulp and paper. SFW's excellence in delivering projects worldwide
rely on our 1,800 talented people, across 20 locations in 14 countries, with
deep know-how and experience in the industry.

Visit us atwww.shi-fw.com. Powering a decarbonized world for everyone.

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