Akermin Announces Commercial-Scale, International Demonstration Project

   Akermin Announces Commercial-Scale, International Demonstration Project

PR Newswire

ST. LOUIS, April 28, 2014

ST. LOUIS, April 28, 2014 /PRNewswire/ --Akermin today announces the signing
of a Cooperative Agreement for a commercial-scale demonstration project that
will incorporate its biocatalyst technology. This DKK 42 million ($7 million
US), three-year demonstration project is partially-funded through a grant from
the Danish Energy Agency (EUDP).

The project will be located at the Biofos waste-water treatment plant which
cleans roughly a third of the waste from the city of Copenhagen, Denmark. The
organic waste is processed using large digesters in an
environmentally-friendly manner to produce biogas and a digestate product that
is easily disposed. The biogas, which is comprised primarily of methane and
CO2, is presently combusted to produce electrical power and heat that is used
in the digesters and buildings. This project will use Akermin's industrial
biocatalyst to "upgrade" (remove the CO2) to produce up to 2.6 million cubic
meters per year (250,000 cubic feet per day) of grid quality "bio methane"
(renewable natural gas) in a manner that is more energy-efficient and
cost-effective than commercially-available technologies. When this facility
commences operations in the 2^nd quarter of 2015, this is expected to be the
largest demonstration of a biocatalyst to remove CO2 from an industrial gas
stream anywhere in the world. Akermin's technology will incorporate an enzyme
that is being developed by Novozymes.

Akermin's technology integrates enzymes within proprietary delivery systems to
create an industrial biocatalyst that can be readily incorporated into
conventional chemical absorption processes for CO2 removal. By addressing the
key issue of enzyme stability in harsh industrial environments, Akermin's
environmentally-friendly approach to CO2 removal significantly reduces capital
and operating costs for owners and operators of industrial facilities.

HMN Gashandel A/S, the commercial part of HMN Naturgas I/S, Denmark's biggest
operator of natural gas distribution, will lead the project and oversee the
construction and operation of the facility. This facility will produce
grid-quality, bio methane that will be injected into HMN's distribution
network. The facility will be designed and constructed by Ammongas A/S, a
Danish engineering company with significant experience in the design of
process technology for gas separation. The Danish Gas Technology Centre (DGC)
will be responsible for coordinating site testing and developing the
subsequent technical and economic analyses.

The goal of the project is to demonstrate the benefits of Akermin's technology
for biogas upgrading and support Denmark's objective to develop new technology
to produce a sustainable but more cost-effective, grid-quality bio methane
that will offset combustion of fossil fuels and reduce GHG emissions to the
atmosphere. The demonstration unit is scheduled to operate for two years as a
demonstration unit and hereafter on commercial basis.

"This project marks the first major step to commercialize our technology for
an important market," said Barry Blackwell, Akermin's President and CEO. "We
are very excited to have the opportunity to work with the Partners and with
the EUDP to demonstrate how our technology will help reduce the cost to
upgrade biogas and enable the cost-effective development of new upgrading
facilities with HMN across Denmark, as well as with other partners throughout
the world."

"We are pleased to be a part of a project that combines biogas from
waste-water treatment facilities and the natural gas grid," said Ole Albaek
Pedersen, CEO HMN Gashandel, adding "all other things being equal, reduced
costs for biogas upgrading will provide more green gases to our customers."

About Akermin, Inc.:
Akermin is a cleantech technology development company located at BRDG Park at
the Danforth Plant Science Center in St. Louis, MO. Akermin's
multi-disciplined approach integrates enzymes within proprietary delivery
systems to create an industrial biocatalyst that can be incorporated into
conventional processes for energy efficient, green CO2 management solutions.

About HMN Gashandel A/S:
HMN Gashandel A/S and its parent company HMN Gassalg A/S is the commercial arm
of Denmark's largest natural gas distribution company HMN Natural I/S owned by
57 municipalities in the greater Copenhagen Region and Mid and North Jutland
rated Aaa by Moody's. The company has a market share of 40 % in volume and 60
% in number of customers in Denmark.

About Novozymes:
Novozymes is the world leader in bioinnovation. Together with customers across
a broad array of industries we create tomorrow's industrial biosolutions,
improving our customers' business and the use of our planet's resources.

With over 700 products used in 130 countries, Novozymes' bioinnovations
improve industrial performance and safeguard the world's resources by offering
superior and sustainable solutions for tomorrow's ever-changing marketplace.
Read more at www.novozymes.com.

CONTACT:
Sean Black
(314) 669-2612
blacks@akermin.com

SOURCE Akermin, Inc.

Website: http://www.akermin.com
 
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