Oslo, Norway - 14 February 2024 


Capsol Technologies ASA (Ticker: CAPSL), a provider of carbon capture technology
to large emitters, announces a new collaboration with Munters, a global leader
in energy efficient air treatment and climate control solutions. The partnership
aims to further enhance the efficiency and effectiveness of Capsol's proprietary
process for capturing CO2 from industrial emissions.  
 

Munters, known for its advanced solutions within packed towers, mist
elimination, and dehumidifying technologies, brings valuable expertise to this
collaboration. Together, the companies will focus on joint R&D efforts to
engineer and test state-of-the-art packed towers, optimising them for Capsol's
process to further enhance performance while reducing energy consumption and
operational costs. 
  

Jin Jing, Vice President Clean Technology, Munters, said, "Collaborating with
Capsol Technologies, is an important step towards higher efficiency and bringing
down cost of decarbonisation. Jointly, we are committed to delivering solutions
that not only advance technological boundaries but also contribute to a
sustainable future."  
  

Jan Kielland, CEO of Capsol Technologies, echoed this sentiment: "Munters is a
world-leading provider of essential components for our carbon capture plants.
This collaboration is set to enhance our offerings, providing our clients with
superior carbon capture solutions. Together, we aim to accelerate the global
transition to a carbon-negative future. Munters' long-standing history of
innovation and industry leadership makes them the ideal partner for us." 
 

As disclosed earlier today, Munters has committed to invest in Capsol's
announced equity issue, contributing to accelerating the deployment of the
company's safe and highly cost-effective carbon capture technology.   

 

For further information, please contact: 
Ingar Bergh 
Chief Financial Officer, Capsol Technologies ASA 
+47 926 20 330 
ingar.bergh@capsoltechnologies.com 

 

About Munters AB 

Munters is a global leader in energy-efficient air treatment and climate
solutions. Using innovative technologies, Munters creates the perfect climate
for customers in a wide range of industries. Munters has been defining the
future of air treatment since 1955. Today, around 
5 000 employees carry out manufacturing and sales in more than 30 countries.
Munters Group AB reported annual net sales of more than SEK 14 billion in 2023
and is listed on Nasdaq Stockholm. For more information, please visit
www.munters.com. 

 

About Capsol Technologies 

Capsol Technologies is a carbon capture technology provider with a goal to
accelerate the transition to a carbon negative future. The company's
energy-efficient, cost competitive, and environmentally friendly solutions are
licensed out either directly to customers or through industrial partners
globally. Key segments include cement, biomass, energy-from-waste, power
generation and large industrial. Capsol is targeting significant long-term value
creation with a scalable model with an ambition of 5-10% technology licensing
market share in 2030, Capsol Technologies is listed on Euronext Growth Oslo,
Norway (ticker: CAPSL). For more information visit capsoltechnologies.com. 

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