AB Igrene and SEID AS are in partnership to build a demonstration plant in Mora, Sweden, as the next step in developing the ColdSpark® technology. The plant will convert biomethane from the Siljan Ring to produce clean hydrogen and carbon. The Siljan Ring biomethane is very special - access to it was created by a meteorite impact some 377 million years ago, which cracked the bedrock and created fissures through which methane can seep to the surface. It is very pure, and generated by micro-organisms living deep down within the earth's crust. Since it is of biogen origin it is considered non-fossil and thus qualifies as biomethane.

Converting it into carbon and hydrogen using the ColdSpark® technology has three important advantages:
 

1. It provides two valuable materials required in the transition towards a sustainable society (hydrogen and carbon)
2. It can do so at lower electricity consumption and cost than competing processes such as electrolysis of water, and entirely without creating any CO\2\
3. It provides a means to harness the reserves of methane present under the Siljan Ring for sustainable purposes, thus contributing towards reducing the amounts of natural methane leakage into the atmosphere.

AB Igrene and SEID AS are proud to be able to demonstrate a project of such commercial attractiveness and significance, that has the potential also to contribute to combatting climate change.

Annette Blyhammar, annette@igrene.se+46 703 016 014

About AB Igrene

AB Igrene has previously been prospecting for hydrocarbons in the Siljan Ring area. This activity has resulted in several already developed sources of pure methane. The Company is listed on the Spotlight Stockmarket and has some 3 300 shareholders.

See:  www.igrene.se,  www.seid.no