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    ACC   NO0010890304

AKER CARBON CAPTURE ASA

(ACC)
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Aker Carbon Capture : outlines growth plans at Capital Markets Day

09/09/2021 | 02:01am EST
Market fundamentals and business innovation support accelerated growth in the
carbon capture and storage market, said Aker Carbon Capture at its inaugural
capital markets day today.

Aker Carbon Capture reiterates its growth plans at today's capital markets day,
which can be followed live from CET 1500 on https://vier.live/act/aker-carbon.
The voucher is: Oslo2021.

The company launched its '10 in 25' target after it was launched one year ago,
articulating an ambition to secure contracts to capture 10 million tonnes CO2 a
year by 2025. Since then, market fundamentals supporting CCS have developed
favorably, with several countries launching ambitious CCS strategies and ETS
quota prices more than trebling to more than  Euro 60 per tonne.

"For the world to reach net zero by 2050, emissions from hard-to-abate
industries need to come down significantly. CCS is increasingly recognized as
critical solution to reach the targets of the Paris agreement, which is
supported by a rising number of emitting companies exploring carbon capture,"
said Valborg Lundegaard, Chief Executive Officer of Aker Carbon Capture.

In addition to market fundamentals, Aker Carbon Capture has taken decisive
measures to accelerate the growth of the market; forming key partnerships with
customers and industrial partners and developing innovative business models to
lower the barriers to entry for emitters.

Partnerships

"Working together with the right partners is key to achieve necessary progress
toward realizing CCS on a big scale," said Lundegaard.

Aker Carbon Capture has established partnerships with strategically important
players who either complement its offering to the market or share its ambitions
to accelerate the market. Some of them will be speaking at the Capital Markets
Day, including representatives from Microsoft and Siemens Energy.

Bold Innovation

A recent innovation by Aker Carbon Capture is Carbon Capture as a Service;
Carbon capture made easyT, an integrated offering that covers everything a
customer needs to reduce emissions by CCS. As part of the service, Aker Carbon
Capture will deliver and operate the carbon capture facilities. Transport and
storage will be embedded in the service through strategic partnerships.

There has been a positive market response from a range of prospective clients,
including from Carbonor, who will be presenting at the Capital Markets Day. The
company recently signed an MoU with Aker Carbon Capture to jointly develop a low
-emission char facility for engineered carbon reductants for the alloy
industry.

On target

After just one year of operation as a separate company, Aker Carbon Capture is
established as a front-runner in the CCS industry.

"We are a purpose and values-driven company, combining decades of experience
from developing CCS technology with industrial know-how and a desire to do the
right thing," said Lundegaard.

"Based on the market development we see and the measures we have taken to
accelerate the market, I am confident that we are on our way to reaching our
ambitious target of 10 in 2025 and making a significant positive contribution
toward reducing emissions," she concludes.

ENDS

Media contact:
Ivar Simensen, mob: +47 464 02 317 (http://tel:+47 464 02 317), email:
ivar.simensen@akerhorizons.com
Investor contacts:
Christian Yggeseth, mob: +47 915 10 000 (http://tel:+47 915 10 000), email:
christian.yggeseth@akerhorizons.com
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 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),
Instagram (https://www.instagram.com/akercarboncapture/) and
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/).

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Analyst Recommendations on AKER CARBON CAPTURE ASA
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Financials
Sales 2021 343 M 37,3 M 37,3 M
Net income 2021 -177 M -19,3 M -19,3 M
Net cash 2021 1 319 M 144 M 144 M
P/E ratio 2021 -93,1x
Yield 2021 -
Capitalization 16 840 M 1 835 M 1 835 M
EV / Sales 2021 45,3x
EV / Sales 2022 17,2x
Nbr of Employees 26
Free-Float 51,2%
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Mean consensus HOLD
Number of Analysts 9
Last Close Price 27,87 NOK
Average target price 25,63 NOK
Spread / Average Target -8,06%
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Managers and Directors
Valborg Lundegaard Chief Executive Officer
Egil Fagerland Chief Financial Officer
Henrik O. Madsen Chairman
Jim Stian Olsen Chief Technology Officer
Kristian Monsen R°kke Director
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