Elkem commissions two climate-friendly ships for North Sea operation from NCL and MPC Container Ships - Seite 2

CEO of MPC Container Ships ASA, Constantin Baack comments: "We are excited to extend our selective fleet renewal with the two newbuildings in partnership with Elkem and NCL. This newbuilding project is a proof of how innovative projects that address the important green transition of the maritime industry can be executed in a way that they are also economically attractive, if the right partners join forces. Combining NCL's regional expertise and competencies and the strive and commitment of Elkem and others on the cargo side with MPCC's unique execution capabilities and in-depth understanding of intra-regional trade and vessel designs has been the basis for this project."

The project has been awarded NOK 13.7 million by Enova, owned by the Norwegian Ministry of Climate and Environment, and NOK 60 million from the NOx fund, the Norwegian business sector's fund to reduce emissions.

Elkem is among the world's most environmentally friendly manufacturers of silicon-based materials, and high performance on Environmental, Social and Governance (ESG) factors are central to the company's corporate strategy.

The company recently announced a climate roadmap detailing how Elkem plans to develop its business in line with the aim of the Paris agreement of limiting global warming to well below two degrees. The company aims to reduce its total fossil CO₂ emissions by 28% from 2020-31 while growing its supplies to the green transition – thereby delivering a 39% improvement of its product carbon footprint in the same period. Elkem's long-term goal is net zero emissions by 2050.

For further information, please contact:
Odd-Geir Lyngstad 
VP Finance and Investor Relations
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Hans Iver Odenrud
Corporate Communication Manager
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About Elkem
Elkem is one of the world's leading providers of advanced material solutions shaping a better and more sustainable future. The company develops silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health and personal care as well as smarter and more sustainable cities. With a strong track record since 1904, its global team of more than 7,000 people has a joint commitment to stakeholders: Delivering your potential. In 2021, Elkem obtained a Platinum score from EcoVadis, which rated the company among the world's top 1% on sustainability transparency, and the company achieved an operating income of NOK 33.7 billion. Elkem is listed on the Oslo Stock Exchange (ticker: ELK). www.elkem.com