Oslo, Norway, August 29, 2025 - Capsol Technologies has been awarded the next engineering contract by an undisclosed client to include CapsolEoP^® in a pre-FEED study. The bioenergy with carbon capture (BECCS) project is located in Europe with a capture capacity of more than 500,000 tonnes of CO₂ per year.

This award is another step forward for Capsol as its project pipeline develops toward potential final investment decisions (FIDs). Capsol’s engineering work has begun and will be delivered in Q3 2025.

“CapsolEoP^® being selected for the next project phase marks another important milestone for us at Capsol. It follows the final investment decision at the world’s first full-scale plant Stockholm Exergi earlier this year, where our technology is now moving into construction. Together, these projects underline the competitiveness of Capsol’s solution for BECCS, while also demonstrating the growing role of our technology in advancing projects toward bankability. While the client has not yet made a final technology selection, our inclusion at this stage is a strong signal of confidence in our capabilities,” said Wendy Lam, CEO of Capsol Technologies.

CapsolEoP^® is particularly attractive for biomass plants thanks to its patented carbon capture and heat recovery system, which returns waste heat to district heating networks and improves energy efficiency, alongside strong HSE performance.

“The attractiveness of carbon capture at biomass projects continues to strengthen through the uptick in voluntary CDR markets. So far, 2025 has already surpassed the record volumes from 2024, providing clear evidence of the willingness to pay for voluntary carbon removal credits. The result is further confidence in this additional revenue stream for plant operators and a stronger business case,” concluded Wendy Lam.

Within this industry, Capsol has a mature pipeline of more than 5 million tonnes of annual CO₂ capture capacity. In March 2025, Stockholm Exergi moved ahead with the world’s first large-scale BECCS project using Capsol’s technology. In parallel, Capsol is advancing in the energy-from-waste sector, where the solution has been proven in practice through six CapsolGo^® demonstration campaigns at plants across Europe.

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For further information, please contact: 

Jacob Zeno Clausen Krøvel 

SVP Investment and Strategy, Capsol Technologies 

+47 484 03 225 [email protected] 

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of accelerating the transition to a net zero future. The technology combines inherent heat recovery and generation in a stand-alone unit based on a proven and safe solvent. Capsol's technology is licensed either directly to customers or through industrial partners globally. Key segments include cement, biomass, energy-from-waste and gas turbines. Capsol Technologies is listed on Euronext Oslo Børs (ticker: CAPSL). For more information, visit capsoltechnologies.com.