OSLO, NORWAY -03 May, 2024 - Sustainable biochemicals companyCirca Group AS (stock symbol: CIRCA) andIXOM Operations Pty Ltd , a market leader in water treatment and chemical distribution inAustralia and New Zealand , have entered into a collaboration agreement to develop the market for CyreneTM, Circa's sustainable, bio-derived industrial solvent, in the ANZ region. This collaboration aims at developing the business in the region through IXOM channels and ultimately to enter into a supply and distribution agreement. "This collaboration is an important step forward to serve customers inAustralia and New Zealand where IXOM's expertise and leadership will contribute to position CyreneTM with customers and applications that have a strong drive to replace traditional solvents." said Circa VP Product Development,Alessandro Napoli . "We intend to jointly move into a formal supply and distribution agreement as soon as conditions are met." "IXOM is very pleased to bring CyreneTM to our customers inAustralia and New Zealand ," saidPaul Griffiths , IXOM Business Manager - Agriculture, Pulp & Paper ANZ. We anticipate growing interest in sustainable, bio-derived solvent options, and we look forward to working with Circa to grow this market." CyreneTM is a bio-based solvent that demonstrates circularity, sustainability, and safety at every stage of its life cycle. From fossil-free non-food feedstock to its recyclability and biodegradability, it is a safer and more sustainable alternative to traditional petroleum-based solvents. About Circa Established in 2006,Circa Group converts waste, non-food biomass into advanced bio-based chemicals with its proprietary FuracellTM process. Its developing product portfolio includes flavours, biopolymers, and bio-solvents including CyreneTM. By creating renewable chemicals from cellulose, Circa is extracting value from non-food, surplus biomass and contributing to industry as it transitions to a more circular and decarbonised economy.Circa Group is listed on the Euronext Growth Market inOslo , stock symbol CIRCA. www.circa-group.com About IXOM Drawing on over 100 years of heritage, IXOM is an established and trusted industry leader in water treatment, manufacturing, and chemical sourcing. Backed by an unmatched network of manufacturing and supply chain assets, IXOM delivers products, services, and solutions to solve customers' challenges and keep communities safe. IXOM is headquartered inMelbourne, Australia with operations in ten countries. www.ixom.com Investor ContactCirca Group Tone Leivestad, Chief Financial OfficerCirca Group AS tone.leivestad@circa-group.com Tel: +47 406 39 455 Media ContactKathryn Sheridan Sustainability Consult ks@sustainabilityconsult.com
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