Oslo, Norway - 12 July 2023


Capsol Technologies has been awarded a feasibility study for the CapsolEoP®
(end-of-pipe) carbon capture technology at a cement plant in Northern Europe.
The study is for a plant aiming to capture more than 1 million tonnes of CO2 per
annum - a significant amount and a significant impact. The award is Capsol
Technologies first paid engineering study on a cement plan. The company is
seeing an increasing amount of request and sales engineering work in the cement
sector, expecting more engineering studies to be awarded going forward.
 
"The cement industry is the largest single industrial emitter in the world,
representing about 8% of global CO2 emissions. It is also a hard to abate
sector, where deep emission reductions will only be possible with the
implementation of carbon capture and storage (CCS) technologies. The fact that
the CapsolEoP carbon capture technology is easy to integrate without disrupting
the operations of the host plant is an attractive value proposition to these
types of facilities. In addition, the emission from a cement plant has a high
concentration of CO2 making it especially beneficial for the CapsolEoP
technology relative to competing technologies, bringing down the cost per unit
CO2 captured," says Jan Kielland, CEO of Capsol Technologies. 


For further information, please contact:
Ingar Bergh
Chief Financial Officer, Capsol Technologies
+47 926 20 330
ingar.bergh@capsoltechnologies.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 solution is
licensed out either directly to customers or through industrial partners
globally. Key target segments include cement, biomass, energy-from-waste, power
generation and large industrial. Capsol Technologies is listed on Euronext
Growth Oslo, Norway (ticker: CAPSL). For more information, visit
capsoltechnologies.com.