Brevik Carbon Capture Plant Reaches Mechanical Completion

02 Dec 2024 18:00 CET

SLB Capturi, a joint venture between SLB and Aker Carbon Capture ASA (ACC ASA),
an Aker Horizons portfolio company, announced the mechanical completion of the
carbon capture plant at Heidelberg Materials' cement facility in Brevik, Norway,
a significant milestone for the CCS project.

ACC ASA holds 20% ownership in SLB Capturi, which is delivering CO? capture,
conditioning, compression, heat integration, intermediate storage and loading
facility for the plant. The carbon capture plant is designed to capture 400,000
metric tons of CO\2 \annually from the cement facility. The development will now
move into commissioning phase and is planned to be operational by 2025.

The Brevik carbon capture plant is part of Longship, the full CCS value chain
development enabled by Norway's strong competence in both carbon capture and
storage.

SLB Capturi is a joint venture between SLB and ACC ASA, combining the strengths
and capabilities of both companies to accelerate industrial decarbonization at a
global scale. SLB owns 80% of SLB Capturi, while ACC ASA owns the remaining 20%
stake.

ENDS

For further information, please contact:

Stian Andreassen, Investor Relations, Tel: +47 41 64 31 07,
stian.andreassen@akerhorizons.com

Mats Ektvedt, Media, Tel: +47 41 42 33 28,
mats.ektvedt@corporatecommunications.no

About Aker Horizons

Aker Horizons develops green energy and green industry to accelerate the
transition to Net Zero. The company is active in renewable energy, carbon
capture and hydrogen and develops industrial-scale decarbonization projects. As
part of the Aker group, Aker Horizons applies industrial, technological and
capital markets expertise with a planet-positive purpose to drive
decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and
headquartered in Fornebu, Norway. Across its portfolio, the Company is present
on five continents. www.akerhorizons.com

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