Capsol Technologies ASA awarded first carbon capture study in the lime industry - unlocking new market segment

08 Aug 2025 08:00 CEST

Image by Capsol Technologies

Oslo, Norway, August 8, 2025 - Capsol Technologies, a leading provider of carbon
capture technology, has signed a contract to deliver a feasibility study
evaluating the use of CapsolEoP® (End-of-Pipe) for a European lime player -
opening a new segment for future growth.

Capsol will deliver a feasibility study evaluating the use of CapsolEoP® at a
European lime plant with the potential to capture several hundred thousand
tonnes of CO? annually, supporting the client's decarbonization strategy.

"This is an important milestone in our mission to decarbonize hard-to-abate
sectors like lime production and represents our first project within this
industry," said Johan Jungholm, Chief Business Development Officer at Capsol
Technologies. "Initial assessments indicate that CapsolEoP® would be
particularly suited for carbon capture in lime production due to the energy
-efficient design of the technology - featuring low energy consumption and
operating without the need for external steam."

Lime is a key input for sectors including steel, glass, construction,
agriculture, pulp and paper, and chemicals. According to the European Lime
Association (EuLA), the sector aims to deploy carbon capture technologies for 5
-10% of kiln-related CO? emissions by 2030, with full capture of unavoidable
process emissions by 2050.

With the integration of carbon capture and storage (CCS), including BECCS and
carbonation, the European lime sector aims to become net-negative - permanently
removing up to 5 million tonnes of CO? from the atmosphere each year.

For further information, please contact:
Jacob Zeno Clausen Krøvel

SVP Investment and Strategy, Capsol Technologies

+47 4840 3225

jacob.krovel@capsoltechnologies.com

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of
accelerating the 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 (https://www.capsoltechnologies.com/).

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

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