27 Jan 2025 08:09 CET

Issuer

AKER CARBON CAPTURE ASA

Aker Carbon Capture (ACC ASA) today announced that SLB Capturi, in collaboration
with Aker Solutions, has been awarded an engineering, procurement, construction,
installation and commissioning (EPCIC) contract from Hafslund Celsio AS to
deliver a carbon capture solution at their waste-to-energy facility at
Klemetsrud, Oslo.

Hafslund Celsio is Norway's largest district heating supplier and the owner and
operator of Norway's largest waste-to-energy plant. Hafslund Celsio's carbon
capture project is part of Longship, the Norwegian Government's full value-chain
carbon capture and storage project.

The contract award includes delivery of a carbon capture plant, liquefaction
system, temporary storage, and loading facility at the waste incineration site.
It also includes an intermediate CO2 storage and ship loading system at Oslo
harbor, from where the CO2 will be transported to the Northern Lights permanent
storage facility on the Norwegian continental shelf. When operational, which is
anticipated by third quarter, 2029, the carbon capture plant is expected to
capture 350,000 metric tons of CO2 annually.

The EPCIC award follows a cost reduction phase for Hafslund Celsio's project,
which identified opportunities for efficiencies, including layout
optimization. Innovative capture technology design enables the project to move
forward. The project will now be delivered based on SLB Capturi's modularized
Just Catch 400 unit. The space-efficient Just Catch design has been fundamental
to enabling a viable, cost-effective solution by reducing onsite footprint,
installation, and outfitting work.

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.

About SLB Capturi

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. Find out more at capture.slb.com

About Aker Solutions

Aker Solutions delivers integrated solutions, products and services to the
global energy industry. The company enables low-carbon oil and gas production
and develops renewable solutions to meet future energy needs. By combining
innovative digital solutions and predictable project execution Aker Solutions
aims to accelerate the transition to sustainable energy production. Find out
more at akersolutions.com.

About Hafslund Celsio

Hafslund Celsio?AS is the largest producer and supplier of district heating in
Norway and supplied 25% of the district heating generated in Norway in 2023. In
2024, the company produced 1.9 TWh of district heating. Hafslund Celsio's waste
-to-energy plant at Klemetsrud, Oslo, is Norway's largest with a capacity to end
-treat 350,000 tonnes of waste per year. The company is also expanding its
activities to district cooling. The company employs approximately 232 people.
Hafslund Celsio is owned by a Norwegian investor consortium comprising Hafslund
(60%), Infranode (20%) and HitecVision (20%).


Source

Aker Carbon Capture ASA

Provider

Oslo Børs Newspoint

Company Name

AKER CARBON CAPTURE ASA

ISIN

NO0010890304

Symbol

ACC

Market

Oslo Børs