CO2 Capsol AS – Positive momentum with listing on Euronext Growth, Stockholm Exergi progress, mobile test facilities and increased interest for our Capsol EoP technology

Operational Update

Oslo, December 29, 2021


Market and projects – High activity

• On 20 December 2021 CO2 Capsol was listed on Euronext Growth (ticker: CAPSL).
The listing on Euronext Growth is an important milestone for CO2 Capsol and part
of our goal of becoming an important player in the global carbon capture space
with our patented Capsol EoP (End of Pipe) HPC (Hot Potassium Carbonate) carbon
capture technology.

• On 16 November 2021 the European Commission announced that Stockholm Exergi’s
project for negative emissions – BECCS@STHLM (Bio Energy Carbon Capture and
Storage) – had advanced to the last step in the selection process to receive
support from the European Innovation Fund. The BECCS@STHLM-project was selected
based on its potential to transform the European energy industry and mitigate
climate change. The project has also been praised by the European Commission for
its outstanding energy efficiency, largely thanks to its ability to recover heat
from the capture and liquefaction processes and use it for district heating. The
BECCS@STHLM-project will be based on CO2 Capsol´s EoP carbon capture technology.
Stockholm Exergi aims to complete the construction and start of operations
during the second half of 2025. When operational, the plant has a potential of
capturing 800,000 tons of carbon dioxide per year.

• As previously communicated to the market, CO2 Capsol is considering investing
into the development, construction, and delivery of mobile carbon capture test
units, utilizing Hot Potassium Carbonate. A final investment decision is
expected mid-January.

• The Company has experienced an increasing interest for our carbon capture
technology from all parts of the world, from different industries. Two segments
that stands out as highly ambitious with regards to carbon capture is WtE
(Waste-to-Energy) and cement plants.

• The Company has on-going and far reaching discussions with large global
industrial players actively working to establish agreements for jointly
marketing of our proprietary technology.


Administration – Expanding our footprint

• Due to the increasing interest and incoming requests to the Company, we are
expanding our team with additional high caliber, talented international
professionals.

• The Company will continue to add talented people according to plan for
organisation build up.


Finance - Fully funded

• Prior to submitting the application for admission to trading on Euronext
Growth Oslo, the Company held several meetings with high quality Norwegian and
international institutional investors who have shown considerable interest in
investing in carbon capture, in a market characterized by high activity. The
company is in a solid financial situation and fully financed within the current
business plan. Any capital raising will only be carried out if the company
decides to accelerate its growth ambitions, to increase both short- and
long-term shareholder value.


CO2 Capsol is enjoying high market activity and progressing well on all fronts.


Contact:
Jan Kielland
CEO
Mobile: +47 415 69 974


About CO2 Capsol
Carbon capture, utilization and storage (CCUS) is crucial to achieving net zero
emissions of greenhouse gases by 2050. CO2 Capsol´s carbon capture technology is
an essential part in a successful clean energy transition. Carbon capture
contributes both to directly reducing emissions in critical economic sectors and
to remove CO2 from facilities such as Waste-to-Energy (WtE) and biomass power
plants - so-called negative CO2 emissions. Negative CO2 emissions will be
essential in compensating for hard to abate emission sources. CO2 Capsol is
proud to be part of the solution for a sustainable future.

CO2 Capsol has a very competitive technology protected by IP rights. The base
case revenue model is to license out patents. We negotiate directly with project
owners or participate by collaboration with industrial players.
CO2 Capsol is listed on Euronext Growth Oslo, Norway (ticker: CAPSL).

https://www.co2capsol.com/news

 

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