CAPSOL TECHNOLOGIES ASA Oslo, Norway -02 February 2023 CO2 Capsol today announced it will establish an office inBerlin, Germany , during first quarter of 2023. The initiative is in line with the company's strategy to expand its geographical footprint according to market demand, both organically and by partnering with leading industrial groups. "We are committed to accelerate the world's transition to a carbon negative future with our energy-efficient and cost competitive carbon capture technologies, which requires scale. Having an office inBerlin strengthens our capabilities to win and execute projects inGermany , the country inEurope with largest potential for carbon capture, storage, and utilisation," saysJan Kielland , CEO of CO2 Capsol.Germany is by far the largest CO2 emitter inEurope with a total of around 700 million tonnes of CO2 per year.Germany is also the largest market forWaste-to-Energy (WtE) in the EU with approximately 100 plants turning 46 million tonnes of non-recyclable waste into heat and electricity annually. As announced on8 November 2022 , CO2 Capsol has secured a 12-month contract for the delivery of two CapsolGo® demonstration campaigns inGermany with operational start early 2023, one at an Energy-from-Waste (EfW) and one at a biomass-fired Combined Heat and Power (CHP) plant, both of a major German energy company. TheBerlin office will be led by Moritz Köpcke who brings with him substantial experience from previous positions as CO2 capture technology expert in Scandinavia andGermany , and from project management, construction, and operation of biogas plants. "I am very excited to join CO2 Capsol and work together with colleagues, partners, and clients to reduce carbon dioxide gas emissions from the industry. Carbon capture will play an important role in helpingGermany achieving its goal to be climate neutral by 2045," says Moritz Köpcke. InJanuary 2023 ,Norway andGermany agreed to discuss various options for CO2 infrastructure and value chains, including a CO2 pipeline fromGermany toNorway .Germany will continue to play an active role in developing a uniform framework for the certification of carbon removal in the EU which is also supported byNorway . For further information, please contact:Ingar Bergh Chief Financial OfficerCO2 Capsol AS +47 926 20 330 ingar.bergh@co2capsol.com www.co2capsol.com About CO2 Capsol CO2 Capsol is a carbon capture technology provider with the goal to accelerate the transition to a carbon-negative future. The company's energy-efficient, cost-competitive and environmentally friendly solution is licensed out either directly to customers or through industrial partners globally. Key target segments include cement, biomass, energy-from-waste, power generation and large industrial. CO2 Capsol is listed on Euronext GrowthOslo, Norway (ticker: CAPSL). For more information visit co2capsol.com.
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