Asker, Norway, 6 July 2023 

Reference is made to the stock exchange notice from Cambi on 1 March 2022
regarding a tender award in Veas' best value procurement process for a sludge
hygienisation and dewatering solution. 

Since the award, Cambi and Veas have designed a modern and energy-efficient
facility using the thermal hydrolysis process (THP) and identified ways to
optimise the project, defining an execution schedule and budget. Following the
successful completion of the collaboration phase, the parties have now entered a
project execution contract.  

The planned THP solution will increase renewable energy production, enhance
nutrient recovery and reduce treatment costs, making the most of Veas' existing
anaerobic digestion capacity. With thermal hydrolysis being compatible with a
wide range of biosolids regulations, it will provide Veas with reliable
performance and flexibility for compliance and sustainability in the coming
decades. 

Ragnhild Borchgrevink, Veas CEO, commented: "Veas is pleased to collaborate with
Cambi for this project and look forward to bringing this innovative facility
online. Once in operation, the THP from Cambi will help strengthen Veas' role in
the local circular economy in an affordable manner and improve the environment,
contributing to a healthier Oslo Fjord and bringing us closer to carbon
neutrality." 

Cambi CEO Eirik Fadnes remarked, "The Veas project is a milestone achievement
for our team. Following successful deliveries in 25 countries, our sludge
treatment technology will finally be used on our home turf, including our
headquarters in Asker. This large contract has the potential to become a
landmark reference for Cambi, and we look forward to close continued
collaboration with Veas in the years to come." 

Operations utilising THP are scheduled to start in early 2026. 

 
For more information, please contact:  
Eirik Fadnes, CEO, +47 907 20 014, eirik.fadnes@cambi.com 
 

Note on contract value: 

Category 		Small 		Medium 		Large 		Major 

NOK million 		15-50 		50-100 		100-200 	>200 

Contract value	 					X 

 


About Cambi: 

Cambi is a global biogas technology and solutions supplier for wastewater
treatment plants and anaerobic digestion facilities. Since 1992, Cambi has
retained market leadership through continuous innovation and a robust portfolio
of proven and patented technologies. With strong project delivery and customer
support capabilities, the company has delivered many well-performing
installations in 25 countries on six continents. 

Cambi's thermal hydrolysis process increases renewable energy output, reduces
operational costs, and minimises greenhouse gas emissions. It is suitable for
all biosolids outlets, including land application and thermal processes such as
drying, pyrolysis, and incineration. Thermal hydrolysis is compatible with all
sludge and waste treatment regulations and easy to integrate at new and existing
anaerobic digestion sites. 

Cambi is listed on Euronext Growth Oslo, a multilateral trading facility part of
Euronext, Europe's largest stock exchange platform. Find out more at cambi.com.