Active X can't create Object (Excel.application.16) from Classic ASP on Windows 2022 Server

I have a Classic ASP application that we have moved to a Windows 2022 server. The application reads uploaded excel files. Excel 16 is installed on the the server. 

When trying to read the file using CreateObject("Excel.Application.16") in vbscript, I get the following error: ActiveX component can't create object: 'Excel.Application.16'

The log error is as follows:

Any help would be greatly appreciated.

Thank you,

Keith