OSLO, NORWAY - 31 OCTOBER 2023 - Circa Group AS (stock symbol: CIRCA) and
Thailand'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 in France in Alizay and in Thailand at
the 304 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 in France is the site of NPS's BEA (Biomasse Energie d' Alizay) power
plant. The 304 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 building Thailand's largest
floating solar on reservoir, the company's biggest reservoir system in Thailand.


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 in Thailand and France."

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 of
Thailand's city of trees at the 304 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 Officer
Circa Group AS
tone.leivestad@circa-group.com
Tel: +47 406 39 455

Media Contact 
Kathryn Sheridan
Sustainability Consult
ks@sustainabilityconsult.com