The company will look at capturing as much as 400,000 tons of carbon dioxide (CO2) a year at Norcem's cement plant in Brevik, Norway, using Aker Solutions' technology. The extended feasibility study will contain an overall design for the facility, including its utility systems, CO2 liquefaction and ship offloading as well as integration with the cement plant.

Aker Solutions' advanced carbon capture technology has been successfully tested for 18 months at the cement plant using a mobile test unit. The tests show that the technology is cost-efficient, robust and flexible during various operating conditions at the plant.

'The promising results of this pioneering project show that our technology can be used to substantially reduce CO2 emissions,' said Per Harald Kongelf, head of Aker Solutions in Norway. 'We are very pleased that our technology has proven to be the most efficient for further developments in Brevik and we look forward to a continued collaboration with Norcem.'

The work for Norcem is part of a feasibility study that will be submitted to Gassnova and the Norwegian Ministry of Petroleum and Energy by the end of May 2016. The Brevik plant has been nominated to become a national carbon capture and storage demonstration project in Norway by 2020.

'The collaboration with Aker Solutions will take Norcem an important step forward in the development of a commercial-scale capture plant in Norway,' said Per Brevik, director of sustainability and alternative fuels at Norcem.

The parties agreed not to disclose the contract value.

ENDS

For further information, please contact:

Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel: +47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani@akersolutions.com

Anne Cecilie Lund-Andersen, Media Relations Manager, Aker Solutions. Tel: +47 22 94 74 52, Mob: +47 99 62 12 13, E-mail: anne.cecilie.lund-andersen@akersolutions.com

Investors:
David Phillips, Head of Industry & Investor Relations, Aker Solutions. Tel: +44 208 811 7111, Mob: +44 7788 338 887, E-mail: david.phillips@akersolutions.com

Lasse Torkildsen, Senior Advisor, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194, E-mail: lasse.torkildsen@akersolutions.com

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 16,000 people in about 20 countries. Go to www.akersolutions.com for more information on our business, people and values.

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.

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