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2024-10-01 12:50:10
Press Release
Oslo, Norway - October 01, 2024
Capsol Technologies has been awarded a feasibility study for the CapsolEoP® (End
-of-Pipe) carbon capture technology at a cement plant in Germany. The study is
for a plant aiming to capture 400,000 tons of CO2 per annum.
"We are pleased to be awarded our sixth engineering study for carbon capture on
a cement plant. It is inspiring to work with industry players that have clear
emission targets. With this study, Capsol continues to build a position as a
preferred carbon capture technology provider for the cement industry," says
Wendy Lam, CEO of Capsol Technologies.
Carbon capture is the most efficient solution to decarbonize cement production,
where up to 60% of CO2 emissions come directly from the conversion of calcium
carbonate to clinker, which is hard to abate with other measures. The
International Energy Agency (IEA) has estimated that the cement industry will
account for 170 million tons of captured CO2 in 2030, rapidly growing to 480
million tons in 2035 and 1.3 gigatons in 2050, paving the way towards a net zero
future.
Capsol's current project pipeline of large-scale cement projects in engineering
study phases, and CapsolGo® demonstration campaigns have a total potential
carbon capture capacity of around 8 million tons of CO2annually.
The study will count towards Capsol Technologies project pipeline in Q3 2024.
To receive Capsol's stock exchange and press releases via email, subscribe at
capsoltechnologies.com/investors
For further information, please contact:
Ingar Bergh
Chief Financial Officer, Capsol Technologies ASA
+47 926 20 330
ingar.bergh@capsoltechnologies.com
About Capsol Technologies
Capsol Technologies ASA is a carbon capture technology provider with a goal of
accelerating the world's transition to a net zero future. The technology
combines inherent heat recovery and generation in a stand-alone unit based on a
proven and safe solvent. Capsol's technology is licensed either directly to
customers or through industrial partners globally. Key segments include cement,
biomass, energy-from-waste and gas turbines. Capsol Technologies is listed on
Euronext Oslo Børs (ticker: CAPSL). For more information visit
capsoltechnologies.com.