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    ACC   NO0010890304

AKER CARBON CAPTURE ASA

(ACC)
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Aker Carbon Capture supports Danish industry's climate ambitions

11/24/2021 | 01:01am EST
Aker Carbon Capture is expanding its presence in the Danish market as the pure
-play carbon capture company is positioning for future growth across several
industries in the country.

"We are delighted to contribute to the Danish climate targets by offering our
mature and proven carbon capture technology, which in cooperation with Danish
industry can enable significant reductions of emissions already before 2025,"
said Henrik Madsen, Chairman of Aker Carbon Capture.

The company has already recruited a handful of carbon capture specialists in
Denmark and have plans for rapid growth to meet the increasing demand from
industry emitters in Denmark and Northern Europe.

Aker Carbon Capture has developed a proprietary and field-proven CCS solution to
enable carbon reductions in hard-to-abate industries such as waste incineration,
bio-energy and other process industries.

"Most industrial emitters recognize that the CCS technology is mature and ready
to be implemented at scale, it is now important to push the creation of further
transport and storage solutions for CO2," says Madsen. Denmark has already
several initiatives underway, including the Greensands project alongside other
large initiatives in the Nordic region. "Working together across the Nordic
region will bring additional benefits, as exemplified by the recent
collaboration between Aker Carbon Capture and Carbfix," said Madsen. Iceland's
Carbfix has developed a solution that turns CO2 into stone in basalt
formations.

"Denmark is key to our international expansion plans, with access to highly
qualified engineers and partners that have made a mark in green growth
industries," said Valborg Lundegaard, CEO of Aker Carbon Capture. "Danish
industry could become a frontrunner in the CCS development by realizing projects
with negative emissions and utilizing new business models such as Carbon Capture
as a Service (CaaS)," said Lundegaard.

Aker Carbon Capture recently launched a CCS service, offering the full value
chain from capture via transport and storage under one pay-per-tonnes solution.
"We have seen great interest from emitters for our novel offering, including
from companies in the Danish market. With a local presence we will be able to
support a range of emitters in Denmark to make use of this unique offering,"
added Lundegaard.

The opening will be attended by ministry and representatives from several
countries including the Norwegian Minister of Trade and Industry. The Danish
office in Hellerup in Copenhagen will be serving Denmark, as well as wider
Scandinavia, the UK and continental Europe with projects and technology.

ENDS

Media contact:
Ivar Simensen, mob: +47 464 02 317 (http://tel:+47 464 02 317), email:
ivar.simensen@akerhorizons.com
Investor contacts:
David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:
david.phillips@akercarboncapture.com
Christian Yggeseth, mob: +47 915 10 000 (http://tel:+47 915 10 000), email:
christian.yggeseth@akerhorizons.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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Financials
Sales 2021 361 M 40,9 M 40,9 M
Net income 2021 -179 M -20,2 M -20,2 M
Net cash 2021 1 291 M 146 M 146 M
P/E ratio 2021 -71,9x
Yield 2021 -
Capitalization 13 185 M 1 506 M 1 491 M
EV / Sales 2021 32,9x
EV / Sales 2022 13,2x
Nbr of Employees 26
Free-Float -
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Mean consensus HOLD
Number of Analysts 9
Last Close Price 21,82 NOK
Average target price 25,63 NOK
Spread / Average Target 17,4%
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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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