Aberdeen International Inc. (TSX

AAB, FR:A8H, OTC:AABVF) Reinforces Low-Carbon Energy Investment Focus With Appointment of Christopher Younger as Chief Executive Officer

• Consistent with Aberdeen’s pivot in clean energy, the Board of Directors has appointed Christopher Younger to lead the company’s cleantech investment strategy
• Mr. Younger joins Aberdeen from one of the world’s largest ammonia producers, where he was responsible for building out the company’s innovation and sustainability strategies
• Under a net-zero carbon scenario, CO2 emissions would need to fall by ~45% from 2010 levels by 2030¹; hydrogen/ammonia technologies have potential to be a key enabler

TORONTO, April 22, 2021 (GLOBE NEWSWIRE) -- Aberdeen International Inc. (“Aberdeen” or the “Company”) (TSX: AAB F:A8H, OTC:AABVF) is pleased to announce the appointment of Christopher Younger as Chief Executive Officer of the Company.

Mr. Younger brings diverse experience in business development and most recently played a key role in formulating strategic options to reduce the carbon footprint of the world’s third largest nitrogen producers. Mr. Younger held various positions in the Corporate Development & Strategy group at Nutrien Ltd. (NYSE:NTR; TSX:NTR) – and previously, PotashCorp - where he worked on multi-billion dollar transactions that ultimately transformed two of the world’s largest agricultural and industrial producers into a vertically-integrated global platform servicing agricultural, industrial and feed customers. Mr. Younger holds a BA from Trinity College, University of Toronto and an MBA from The Schulich School of Business at York University.

“We are delighted to have Chris join Aberdeen to lead the next phase of growth. Chris brings a critical strategic lens that fortifies our technical bench-strength in low-carbon hydrogen and ammonia technology,” stated Mr. Stan Bharti, Chairman of Aberdeen. “Our platform investment in AES-100 provides the foundation for Aberdeen’s clean fuel portfolio, which Chris will be acutely focused on building out.”

Aberdeen’s recently announced diversification into clean energy comes as the world faces mounting pressure to dramatically lower carbon emissions. The International Energy Agency’s modeling indicates that power sector emissions need to decline by 60% and CO2 emissions from end uses must fall by 33% from 2019 to 2030 to achieve a net-zero emissions scenario². Aberdeen recognizes that such material changes in global emissions output can only be achieved with investment in novel technologies, digitalization and renewable power sources. Improvements in the emissions intensity of power and industrial production is of critical importance and is a key near-term focus of Aberdeen’s AES technology development to recover hydrogen from dilute syngas, which can then be used as a clean fuel for power production and transportation applications.