(Bergen, 13 January 2022): Bergen Carbon Solutions AS (BCS, OSE:BCS)announced
today that the Company has entered into a definite agreement to acquire a 5,000
square meters property in Mosjøen in Vefsn municipality for NOK 3.6m. The
property is ideally suited for the potential first full-scale carbon nanofibers
(CNF) production factory.   
Some of the major clients the Company aims to serve in the future, in particular
within the battery and industrial segments, will require reliable supply and
large volumes of CNF. The Company therefore announced on 21 December 2021 that
it had decided to move forward with a full-scale production factory model, and
that the first factory would likely to be located in Mosjøen. 


Bergen Carbon Solutions has today exercised a purchase option for a fully
regulated ready-to-build commercial plot of five acres in Mosjøen. As previously
announced, the potential factory will have annual production capacity of 160
tons CNF. Subject to completion of the engineering work, the company aims for
construction start at the end of Q2 2022 with production start in 1H 2023.
Ramp-up of the production capacity will occur through 2023 and the Company aims
to reach full capacity by year-end 2023. 


The Mosjøen area offers reliable access to renewable energy through hydropower,
lower employment tax rate and will serve as a hub for future material technology
research in co-operation with the CNF Arena.   
Jan Børge Sagmo, CEO commented:" We are very excited to acquire the property in
Mosjøen for our first potential full-scale production factory and the Vefsn
municipality has been very supportive to our plans. While we will continue with
detailed engineering through Q1, we decided, in light of the acquisition price
being fairly small compared to the potential total investments in the project,
to become the formal owner of the property today since this will likely expedite
the construction application processes and make sure that we can keep our
outlined construction schedule".  
  


For additional information, please contact: 

Jan B. Sagmo, CEO, janbsagmo@bergencarbonsolutions.com, +47 473 72 701 
Dag V. Skansen, Chairman, +47 909 57 585 


About Bergen Carbon Solutions | www.bergencarbonsolutions.com 
Bergen Carbon Solutions uses innovative technology to produce carbon nanofibers,
using CO2 and Norwegian hydropower. This makes the production unique and
environmentally friendly. Bergen Carbon Solutions is listed on Euronext Growth
under the ticker BCS.

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