Capsol Technologies orders second CapsolGo® CO2 liquefaction unit as part of SFW rental contract

Oslo, Norway - 11 December 2023


Capsol Technologies ASA has ordered its second demonstration unit for CO2
liquefaction, which is available for rental in combination with the CapsolGo®
carbon capture demonstration units.

Reference is made to the announcement on 31 October 2023, when Capsol entered
into an agreement with Sumitomo SHI FW (SFW) for the delivery of two CapsolGo®
demonstration campaigns to be executed at SFW’s client base in the Nordics. The
CapsolGo® demonstration campaigns will provide valuable data to the two
industrial emitters helping to accelerate their carbon capture projects, but
also to Capsol and SFW in their efforts to optimise and standardise full-scale
carbon capture plants which will reduce cost and delivery time for carbon
capture projects.

CapsolGo® is an easy and affordable way for large-scale CO2-emitters to
demonstrate and verify the effectiveness of Capsol’s Hot Potassium Carbonate
(HPC) technology on their facilities. Adding a liquefaction unit to the
CapsolGo® demonstration campaign enables clients to demonstrate a wider part of
the carbon capture value chain, which after the liquefaction of the CO2,
includes transportation for utilisation or long-term storage.

On 6 December 2023, Capsol Technologies entered into a loan agreement with the
Norwegian bank DNB for financing of the CapsolGo® carbon capture demonstration
unit and CapsolGo® liquefaction unit. The facility is a so-called “green loan”
of 3 070 000 EUR.

Both units, the CapsolGo® and the liquefaction unit, are planned for delivery to
SFW in Q2 2024 and are expected to make positive contributions to Capsol’s
cashflow over the period.



For further information, please contact:

Ingar Bergh
Chief Financial Officer, Capsol Technologies ASA
+47 926 20 330
ingar.bergh@capsoltechnologies.com



About Capsol Technologies ASA

Capsol Technologies is a carbon capture technology provider with a goal to
accelerate the transition to a carbon-negative future. The company’s
energy-efficient, cost competitive and environmentally friendly solutions are
licensed out either directly to customers or through industrial partners
globally. Key segments include cement, biomass, energy-from-waste, power
generation and large industrial. Capsol is targeting significant long-term value
creation with a scalable model with an ambition of 5-10% technology licensing
market share in 2030, EUR 7-12 in licensing revenue per tonnes installed
capacity and 40-60% pre-tax profit margin. Capsol Technologies is listed on
Euronext Growth Oslo, Norway (ticker: CAPSL). For more information visit
capsoltechnologies.com.

 

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