Brevik Carbon Capture Plant Reaches Mechanical Completion

02 Dec 2024 18:00 CET

Aker Carbon Capture ASA (ACC ASA) has reached a significant milestone with the
mechanical completion of the world's first full-scale carbon capture facility at
a cement plant, the Heidelberg Materials Brevik plant in Norway.

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:

Media and Investors: Mats Ektvedt, mob: +47 41 42 33 28,

email: mats.ektvedt@corpcom.no

About Aker Carbon Capture

Aker Carbon Capture ASA was established as a separate entity in 2020, building
on more than 20 years long experience and maturation of the carbon capture
technology within Aker. Following an agreement with SLB, a joint venture between
SLB and Aker Carbon Capture was established in June 2024. The JV, SLB Capturi,
is headquartered in Oslo, with SLB owning 80% and Aker Carbon Capture ASA owning
20%, two strong companies with proven track record of building successful
industrial businesses positioned for substantial growth.

https://akercarboncaptureasa.com

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