Aker Carbon Capture awarded feasibility study for biomass combined heat and power facility in Germany

Aker Carbon Capture has been awarded a feasibility study to implement carbon
capture at a biomass combined heat and power (CHP) facility in Germany. The
planned capture capacity will be 250,000 tonnes CO2 per year. For this project,
Aker Carbon Capture aims to deliver its standardized Just Catch modular product.

"We are excited to be working on this decarbonization project in Germany. There
is a clear momentum for carbon capture, utilization and storage (CCUS) in the
German market, building on the country's funding program for climate protection,
which was launched in June", said Jon Christopher Knudsen, Chief Commercial
Officer at Aker Carbon Capture.

The study will assess the optimal CO2 capture, conditioning, liquefaction, and
temporary storage facility as well as the heat recovery potential and heat
integration solutions. This will reduce the total heating and cooling demands
related to capturing and conditioning of the CO2.

This is the second study awarded to Aker Carbon Capture in Germany, Europe's
largest economy and CO2 emitter. The country aims to cut its carbon dioxide
emissions by 65% by 2030 compared with 1990 and to become carbon neutral by
2045. CCUS has been identified as playing an important role in the country's
goal to achieve these targets. The German government is expected to publish its
Carbon Management Strategy this autumn.

At Twence's waste-to-energy facility in the Netherlands, Aker Carbon Capture is
currently delivering a Just Catch plant with a capacity of 100,000 tonnes CO2
per year. In May of this year, the company started the delivery of five Just
Catch plants to Ørsted's bioenergy facilities in Denmark, with a design capture
capacity of 500,000 tonnes CO2 per year. These flagship projects contribute to
Aker Carbon Capture's mission to standardize and modularize carbon capture
plants, with reduced footprint and significant cost and energy benefits, to the
mid-scale emitter market.

ENDS

Media contact:
Yannick Vanderveeren, mob: +47 458 36 358 (http://tel:+47 458 36 358),
email: yannick.vanderveeren@akercarboncapture.com
Investor contacts:
David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:
david.phillips@akercarboncapture.com

Aker Carbon Capture is a pure-play carbon capture company with solutions,
services and technologies serving a range of industries with carbon emissions,
including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen
segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a
unique, environmentally friendly solution for removing CO\2\ emissions.

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