(Bergen,8 November 2022 ) The Board inBergen Carbon Solutions AS (Bergen Carbon Solutions, OSE: BCS) has today decided to extend the timeline for the Høyanger factory. BCS continues to improve the market understanding and the potential of the technology. During the last number of months, the company has identified several opportunities to further optimize the technology to reduce risk and improve the overall business case. Among the improvements are several cost saving improvements that can be implemented into future factory designs. More flexibility on timing will also allow for these improvements to be implemented into the facility in Høyanger. In addition, BCS has identified further product configurations, with large volume possibilities, that can become part of the future delivery strategy for the company. "The technological development in BCS never stops. We have now been presented with an opportunity to further increase the energy efficiency of the core technology with, among other, the implementation of a new separation technology. This has the potential to significantly reduce risk and production cost. We also see that there are further market potentials beyond what was originally the plan, this needs to be explored more. An extended timeline for the Høyanger facility will allow us to capture these potentials, reduce risk and improve the overall business case" says Jon André Løkke, Chairman of the Board. During the Q3 presentation tomorrow morning (Wednesday 9 November at 09:00), the company will elaborate on the various technological opportunities as well as the overall improved market understanding. For further information, please contact: Finn Blydt-Svendsen, Interim CEO, fbs@bergencarbonsolutions.com, +47 930 40 797 Fredrik Øksnes, CCO, fredrik.oksnes@bergencarbonsolutions.com, +47 975 67 318 -ENDS- About Bergen Carbon Solutions Bergen Carbon Solutions aims to pioneer a new Norwegian industry for ground-breaking, environmentally friendly material-technology. Bergen Carbon Solutions utilizes CO2 and Norwegian hydropower to create carbon products such as nanofibers, nanotubes, and graphite. Bergen Carbon Solutions is listed on Euronext Growth under the ticker BCS.
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