On-time installation of Ocean GeoLoops main carbon capture modules at Norske Skog Skogn
(Verdal, 22. April 2022) Ocean GeoLoop AS (Ocean GeoLoop, OSE:OCEAN), the green tech company developing multifunctional environmental technologies based on nature’s own processes, today announces the on-time installation of the main modules for the carbon capture pilot at Norske Skog’s factory in Skogn, Norway. The company reiterates the target of pilot plant commencement during the summer of 2022.
Publisert: 22. April 2022 - Sist oppdatert: 22. April 2022
"We’re pleased to announce the on-time installation of the main modules for the carbon capture pilot at Norske Skog’s factory in Skogn, representing a major milestone for our end-of-pipe solution providing 100% clean carbon separation and the ability to capture up to 100% of the CO2,“ says Odd-Geir Lademo, Chief Executive Officer of Ocean GeoLoop.
Reference is made to the announcement by Norske Skog regarding its partnership with Ocean GeoLoop and its ambition to become carbon negative. Ocean Geoloop has installed the primary modules on-time at the Norske Skog facility. Following the first installation, Ocean GeoLoop reiterates to commence full operations at the pilot plant during the summer of 2022.
“The first modules were installed safely and on-time, underlining the ability of the Ocean GeoLoop team and our main sub-contractor Inrigo to deliver under challenging circumstances during the pandemic. We´re now preparing for the delivery of the control and utility units to complete the installation and we reiterate the target of pilot plant start-up during the summer of 2022,” Lademo concludes.
For further information, please contact:
Odd-Geir Lademo, CEO, e-mail: [email protected], cell: +47 92 05 29 01
Anders Onarheim, Chairman of the board, Ocean GeoLoop AS, cell: +47 90 70 86 43
About Ocean GeoLoop | www.oceangeoloop.com
Ocean GeoLoop AS is a green tech company aiming at using nature’s own way of solving the challenges of our time in a circular way. In 2022, the company introduces the GeoLoop CC technology that captures point source CO2 emissions, using natural and harmless processes, transforming the CO2 to a stable, liquid state. Ocean GeoLoop call this process “Carbon capture by nature.” The GeoLoop CC will help companies and countries around the globe to reach their goals of reduced emissions before 2030 and net zero by 2050. The company is listed on Oslo Børs Euronext Growth under the ticker OCEAN.
Ocean Geoloop today provides a quarterly business update following the on-time successful installation of the carbon capture modules at Norske Skog Skogn. Attached is an updated company presentation containing some of the latest key highlights.
Ocean GeoLoop is the first company to be awarded SIVA’s X-factor prize. The jury recognizes the company’s effort to develop technology for a holistic and efficient solution to the CO2-challenge. From the Left: Acting CEO Andreas Krüger Enge in Siva, Chief Operating Officer Viggo Iversen in Ocean GeoLoop, General Manager Glenn Alexander Jakobsen in Foamrox…
Verdal, 22. April 2022 - Ocean GeoLoop AS (Ocean GeoLoop, OSE:OCEAN), the green tech company developing multifunctional environmental technologies based on nature’s own processes, today announces the on-time installation of the main modules for the carbon capture pilot at Norske Skogs factory in Skogn, Norway. The company reiterates the target of pilot plant commencement during...