Ocean GeoLoop: Update on carbon capture industrial pilot at Norske Skog Skogn 

Ocean GeoLoop: Update on carbon capture industrial pilot at Norske Skog Skogn 

(Verdal, 30 November 2022) Ocean GeoLoop AS (Ocean GeoLoop, OSE:OCEAN), the green tech company developing multifunctional environmental technologies based on nature's own processes, today provides an update on the current progress of the carbon capture pilot plant at Norske Skog Skogn.

Close up of Ocean GeoLoops Carbon Capture plant

The Carbon Capture pilot installation at Norske Skog Skogn

Published: 30. November 2022 - Last updated: 18. April 2023

"The pilot has been running stable and successful for extensive periods these last months. We have over the last few weeks made successful adaptations and improvements to the pilot plant. We are currently waiting for parts expected to be delivered medio December to further improve its performance. The results so far have supported our expectations that the GeoLoop carbon capture process will prove successful and we look forward to report on the promising developments after further optimizations,“ says Odd-Geir Lademo, Chief Executive Officer of Ocean GeoLoop.

A comprehensive test program is currently being carried out in cooperation with SINTEF Industry. The main objectives of the pilot plant installation and test phases are to document that the technology is industrially scalable and in line with process calculations, to document that the process handles a range of operational conditions and performs in a robust and predictable manner, and to optimize the process.

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 of Directors, 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 Euronext Growth Oslo under the ticker OCEAN.

This announcement was published by Maria Hosen at the date and time set out above.

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