Holcim Group to test Capsol's carbon capture technology as a step towards decarbonized cement

16 Dec 2024 07:00 CET

Image: Dotternhausen cement plant. Image courtesy of Holcim South Germany.

Capsol Technologies has signed a cooperation agreement with Holcim Group, a
global leader in innovative and sustainable building solutions. The agreement
includes the delivery of a CapsolGo[®] carbon capture demonstration campaign at
a plant in southern Germany as the first step in a broader collaboration aimed
at decarbonizing Holcim's global portfolio of industrial plants.

"This marks a significant milestone for Capsol Technologies as we initiate the
demonstration of our CapsolEoP[®] technology at a Holcim cement plant. We are
eager to collaborate closely with Holcim, showcasing our capability to
contribute to their ambitious climate targets," says Philipp Staggat, Chief
Product Officer of Capsol Technologies.

Holcim Süddeutschland GmbH operates under the Holcim Group, which is present in
around 60 countries and employs over 60,000 people. As part of its efforts to
drive sustainability, Holcim has committed to deliver 8 million tons of fully
decarbonized cement per year by 2030. With sustainability at the core of its
strategy, Holcim has 2030 and 2050 net-zero targets validated by the Science
Based Targets initiative.

"This cooperation with Capsol Technologies reflects our commitment to
identifying and deploying the most suitable carbon capture technologies for
reducing emissions. The CapsolEoP[®](End-of-Pipe) unit's design, requiring no
external steam supply and exhibiting low energy consumption, makes it an
attractive option for our Dotternhausen plant," says Dieter Schillo, Plant
Manager of Holcim (Süddeutschland) GmbH.

If the demonstration campaign at the Dotternhausen plant is successful, Holcim
Group would consider deploying Capsol's carbon capture technology based on the
safe and proven Hot Potassium Carbonate (HPC) solvent at full-scale cement
plants across multiple sites.

As part of this agreement, the CapsolGo[®] demonstration campaign at the
Dotternhausen plant will be delivered as a turnkey solution, including testing
and validation services to provide Holcim with critical data and insights on
Capsol's carbon capture technology.

This cooperation builds on an earlier engagement between the parties, including
a feasibility study completed with Capsol Technologies by Holcim Group's
Aggregate Industries UK Ltd for its Cauldon cement plant in Stoke-on-Trent.

The delivery of the CapsolGo[®] unit is scheduled for Q2 2025, with testing set
to commence in late Q2 2025. The project will span 4 months.

About CapsolGo[®] demonstration units

·
CapsolGo[®] demonstration projects are designed to provide emitters with carbon
capture data using Capsol's HPC-based process on their specific plants,
supporting accelerated decision processes towards full-scale carbon capture.

·
A standard CapsolGo[®] demonstration campaign is offered on a rental basis,
typically has a duration of six months, and includes transportation,
installation, operation, and testing services.

·
Capsol's HPC-based process is using potassium carbonate as the CO\2\ solvent, a
process which is well-documented and used in more than 750 plants globally in
multiple industries. A patented energy re-circulation process offers low capture
cost and the flexibility to monetize heat and electricity.

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

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

ingar.bergh@capsoltechnologies.com

About Holcim

Holcim is a global leader in innovative and sustainable building solutions with
net sales of CHF 27.0 billion in 2023. Our 63,000 employees are driven by our
purpose to build progress for people and the planet across our regions to
improve living standards for all. We partner with our customers to offer the
broadest range of advanced solutions, from sustainable building materials
ECOPact and ECOPlanet, to our circular technology ECOCycle®, all the way to
Elevate's advanced roofing and insulation systems. For more information visit
holcim.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. Capsol's 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.

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