Aker to build technology centre for CO2 capture at Mongstad

Aker Clean Carbon (ACC) signs an EPC contract with Aker Solutions for the construction of the European CO2 Technology centre at Mongstad in Norway. Aker Clean Carbon will provide the technology, project management and carry through commissioning and initial operation of the plant while Aker Solutions will build the plant according to an agreement between the parties. For Aker Solutions, the value represents a substantial part of Aker Clean Carbon’s total contract of NOK 525 million.

"This is a great step forward in terms of realising CO2 capture at Mongstad. We look forward to playing a crucial role together with Aker Clean Carbon in the global race for the most cost efficient technology for capturing CO2, in which a test centre is pivotal for moving forward. It is of great value for us to get the opportunity to develop engineering and construction experience within an area that might develop to a large industry in the coming years" says Simen Lieungh, president and CEO of Aker Solutions.

The engineering starts immediately and Aker Solutions will deliver a mechanical complete test plant for capturing CO2 at Mongstad during the summer of 2011. Pipe racks and several packages of different equipment will be built and assembled at Aker Solutions’ yard at Stord. The installation work at Mongstad will be carried out during 2010.

Aker Solutions will also assist Aker Clean Carbon during a six months commissioning period.

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions’ business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.

Aker Solutions’ parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 26 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.

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