Successful first commissioning phase and system test of carbon capture pilot

04 July 2022

Successful first commissioning phase and system test of carbon capture pilot

(Verdal, 4 July 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 successful first commissioning phase and system test of the carbon capture pilot installation at Norske Skog Skogn in Norway.

Published: 04. July 2022 - Last updated: 04. July 2022

"Ocean GeoLoop is proud to announce the on-time, and successful initial commissioning and system test in line with project requirements. The results are very encouraging, and we look forward to enter into the optimization phase“, says Odd-Geir Lademo, Chief Executive Officer of Ocean GeoLoop.

Ocean GeoLoop has in collaboration with sub-contractors and partners completed the construction, installation, mechanical completion and first commissioning phase of the carbon capture pilot plant at the Norske Skog Skogn facility in Norway. The results show that the pilot plant and the process function as planned.

“The board is most pleased about the news of a successful system test. This again demonstrates both the groundbreaking work done by our inventor and founder, Hans Gude Gudesen, as well as the ability of the OGL team and our partners to deliver quality work under challenging circumstances. We reiterate the potential for our technology and expect a successful operational pilot plant to accelerate our commercial activity even further. We expect carbon capture to play an even more important role in solving the current energy crisis”, says Anders Onarheim, Chairman of the Board of Directors.

 

ENDS

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 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 technology 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.

This stock exchange announcement was published by Maria Hosen, CFO, on 4 July 2022.

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