Aker Carbon Capture awarded study and test campaign from Wacker

Aker Carbon Capture has been awarded a feasibility study and an eight-months
test campaign to explore the capture of CO2 emissions from WACKER's
metallurgical-grade silicon production at the Holla plant in Kyrksæterøra,
Norway. The German multinational chemical group has set a goal to halve its
greenhouse gas emissions by 2030 and be net zero by 2045.

Silicon metal is one of WACKER's most important raw materials for producing two
key products in its portfolio: silicones and hyperpure polysilicon. Currently,
the silicon metal produced in Holla covers around one-third of demand at
WACKER's sites in Germany.

"We are proud to collaborate with WACKER, a pioneer of modern chemistry, on
their journey towards net zero. The test campaign will provide valuable learning
for implementation of our carbon capture technology in a new industry.
Additionally, the feasibility study will explore commercial application of the
technology at the Holla plant", said Tove Ormevik, Director Delivery Functions
and Aftermarket at Aker Carbon Capture. "Together, we see carbon capture as a
significant opportunity to reduce Norway's CO2 emissions", she continued.

Reducing emissions from the process industry is an important contributor to
meeting the Norwegian climate target of 55% GHG emissions reduction by 2030
relative to 1990 levels. According to Statistics Norway the process industry
represents approximately 20% of the total Norwegian GHG emissions, with 12
million CO2e in 2022. The European Commission recently presented a 90% net GHG
emissions reduction proposal compared to 1990 levels as the recommended target
for 2040. Carbon capture, utilization and storage (CCUS) is a solution to
significantly reduce emissions from hard-to-abate sectors, such as cement, waste
incineration, bioenergy, and other process industries.

Aker Carbon Capture's Mobile Test Unit is a complete CO2 capture plant that
includes the company's advanced carbon capture technology, meaning that the
results from test campaigns are scalable towards large scale plants. It is
transportable, flexible and can operate on different flue gases. Aker Carbon
Capture has more than 35,000 operating hours on different flue gases around the
world.

ENDS

Media contact:
Marianne Stigset, mob:?[phone] (http://tel:[phone]), email:
[e-mail]
Investor contacts:
David Phillips, mob: [phone] (http://tel:[phone]), email:
[e-mail]

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 CO2 emissions.

Visit akercarboncapture.com (https://www.akercarboncapture.com/) and connect
with us on LinkedIn (https://www.linkedin.com/company/aker-carbon
-capture), Facebook (https://facebook.com/akercarboncapture),
Twitter (https://twitter.com/akercarbon),
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YouTube (https://www.youtube.com/channel/UCqE71jAZxmM-CNhfUQq86kQ). This press
release may include forward-looking information or statements and is subject to
our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/).

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