Global warming represents a fundamental challenge to all life on earth.
A major driver of this warming is the release of CO2 and other greenhouse gases into the atmosphere, via flue gas/exhaust gas emissions from industry, power plants and transportation.
Ocean Geo-Loop has developed a process for capturing this CO2 and either store it temporary or permanently in the deep ocean or in subsea-floor aquifers or oil-gas reservoirs, or return it to the cyclicity of nature.
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Signed letter of intent with the Government of Iceland
Ocean GeoLoop AS, North Tech Energy ehf. and the Government of Iceland have signed a letter of intent to explore a development project to significantly reduce the quantity of CO2 in the atmosphere and produce biomass on an industrial and environmentally sound and safe scale.