Aker Carbon Capture and Hitachi Zosen Inova (HZI) have signed a Memorandum of
Understanding (MoU) aimed at accelerating carbon capture solutions in the waste
to energy industry in Europe. 

The agreement outlines the two companies' ambition to combine Aker Carbon
Capture's patented and HSE-friendly CCS technology with HZI's proven
capabilities as a turnkey supplier of waste to energy plants.

"In recent years, the demand for carbon capture solutions has increased sharply
on the agenda of many plant operators and key players in the waste to energy
industry. Together with Aker Carbon Capture, we can develop a joint offering of
truly integrated solutions for efficient and sustainable waste management, and
thus accelerate the energy transition within the industry", says Bruno-Frédéric
Baudouin, chief executive officer of Hitachi Zosen Inova.  

Through the MoU, Aker Carbon Capture and Hitachi Zosen Inova have agreed to
explore opportunities to develop a joint offering for HZI's customers around in
Europe. The two companies will jointly deploy their deep domain expertise to
optimize the integration of carbon capture in both new and existing waste
incinerators. There are more than 400 waste to energy plants in Europe. 

"Working together with HZI has the potential to accelerate the implementation of
carbon capture solutions in the waste incineration industry, reducing millions
of tonnes of CO2," says Valborg Lundegaard, chief executive officer of Aker
Carbon Capture. "The capabilities of HZ Inova and Aker Carbon Capture are
complementary and together we will create a unique offering to waste to energy
companies across Europe."

The Memorandum of Understanding is non-exclusive and is valid for three years.

For further information, 
Investor and media contact: Ivar Simensen, ivar.simensen@akerhorizons.com	 

About Hitachi Zosen Inova

Hitachi Zosen Inova is a global leader in energy from waste (EfW), acting as an
engineering, procurement and construction (EPC) contractor delivering complete
turnkey plants and system solutions for thermal and biological energy recovery
from waste. Our solutions are based on efficient and environmentally sound
technology, are thoroughly tested, can be flexibly adapted to user requirements,
and cover the entire plant life cycle. The company's customers range from
experienced waste management companies to up-and-coming partners in new markets
worldwide. HZI's innovative and reliable waste and flue gas treatment solutions
have been part of over 700 reference projects delivered since 1933.

About Aker Carbon Capture

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. The
company is majority-owned by Aker Horizons, an investment company dedicated to
creating value and reducing emissions from renewable energy and decarbonization
technologies.

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