OSLO, NORWAY -31 OCTOBER 2023 -Circa Group AS (stock symbol: CIRCA) andThailand's National Power Supply Public Company Limited (NPS) have signed a Memorandum of Understanding (MoU) for the evaluation of sites for Circa's next stage FC6 plant. FC6 will produce approximately 12,000 tonnes of green solvent CyreneTM and platform chemical levoglucosenone (LGO).National Power Supply Public Company Limited (NPS) is a Thai producer and a leader in renewable energy. NPS has sites inFrance in Alizay and inThailand at the304 Industrial Park in Prachinburi. Both of these sites would be suitable for Circa's future FC6 plant as both sites have large-scale biomass-to-energy plants on site as well as access to biomass feedstock and other utilities. Circa uses sustainable biomass, e.g. sawdust, to produce its green solvent CyreneTM. Alizay inFrance is the site of NPS's BEA (Biomasse Energie d' Alizay) power plant. The304 Industrial Park in Prachinburi,Thailand , is home to NPS associate Double A group, a renowned pulp and paper and renewables company.Lenzing have recently opened their largest production facility and bioethanol production facilities on the site. NPS are also buildingThailand's largest floating solar on reservoir, the company's biggest reservoir system inThailand . The MoU will allow detailed work on site suitability, feedstock and operational costs and access to local support as part of Circa's process to develop a final investment decision for the Board by late 2024.Tony Duncan , Circa CEO said, "This is an exciting milestone in the development of Circa's vision to build a sustainable low-carbon chemicals business. Discussions with NPS have progressed quickly. We are impressed with their approach and the practical application of low-carbon initiatives that are happening at their sites inThailand andFrance ." Mr Kritdisorn Kornketkamon, NPS Deputy CEO said, "NPS deeply appreciates the partnership with Circa as they value sustainability and understand the NPS green energy concept. We hope to build the circular economy together in the center ofThailand's city of trees at the304 Industrial Park ." About Circa Established in 2006,Circa Group converts sustainable, non-food biomass into advanced bio-based chemicals with its proprietary FuracellTM process. Its developing product portfolio includes flavours, biopolymers, and bio-solvents including CyreneTM. By creating renewable chemicals from cellulose, Circa is extracting value from non-food biomass and addressing a gap in the market by providing bio-based, less carbon intensive alternatives, contributing to a more circular economy. https://circa-group.com Investor Contact Tone Leivestad Chief Financial OfficerCirca Group AS tone.leivestad@circa-group.com Tel: +47 406 39 455 Media ContactKathryn Sheridan Sustainability Consult ks@sustainabilityconsult.com
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