On the path towards full-scale carbon capture at NorFraKalk
On the path towards full-scale carbon capture at NorFraKalk
(Verdal, 27 February 2025) Ocean GeoLoop AS (Ocean GeoLoop, OSE:OCEAN), NorFraKalk (NFK) and Franzefoss Minerals (FMI) today announces the plan for the next phase towards full scale carbon capture at the NorFraKalk plant in Mid-Norway within 2030. Next in line is the realization of a 10 000 tonnes industrial scale CO2 capture demo plant.
Published: 27. February 2025 - Last updated: 27. February 2025
“Last year we conducted a feasibility study resulting in a modular concept for an industrial scale demonstration plant according to NorFraKalk´s requirements, including estimates for CAPEX, OPEX, and energy consumption. Following this successful study, we are excited about the initiation of the next step towards climate natural production at NorFraKalk, the realization of a 10 000 tonnes industrial scale CO2 capture demo plant at their lime kiln in Verdal Industrial Park,” says Odd-Geir Lademo, Chief Executive Officer of Ocean GeoLoop.
Reference is made to the announcement January 25th 2024 and December 13th 2024 regarding the Enova supported project aimed to showcase a carbon capture solution for the lime and cement industries. The SINTEF verified results provided carbon capture rates exceeding 90%, a product gas purity of 95% and record-low energy consumption in the range of 200 kWh/tonne.
In the coming months the partnership will work to secure financing for the demo plant including liquefaction and intermediate storage. Enova has been an important supporter in the phase that has now been completed, and the partnership will apply for Enova grants as part of the funding package for the construction of the demo plant. An investment decision is expected ultimo Q2 2025.
“We look forward to continuing working with NorFraKalk and Franzefoss Minerals to realize their high ambitions in an industry that is a cornerstone of our commercial strategy. Through the study we have built an industrially experienced and professional supply chain able to deliver modularised designs, with yard capacity in Norway, Europe and Asia. The lime and cement industry accounts for approximately a tenth of the world's CO2 emissions and is one of the industries where CO2 capture is necessary to achieve the EU Fit for 55 climate goals,” says Anders Onarheim, Chairman of the board in Ocean GeoLoop.
The press releases from the companies are enclosed in English and Norwegian.
ENDS
For further information, please contact:
- Odd-Geir Lademo, CEO, cell: +47 92 05 29 01
- Anders Onarheim, Chairman of the board, Ocean GeoLoop AS, cell: +47 97 40 15 11
About Ocean GeoLoop | www.oceangeoloop.com
Ocean GeoLoop AS uses nature’s own way to solve the challenges of our time in a circular way. The company has introduced the GeoLoop CC technology that captures CO2 from point source emissions using natural and harmless processes. Ocean GeoLoop will help companies and countries achieve their goals of reduced emissions and access to renewable electricity for the green transition. The company is listed on the Oslo Stock Exchange Euronext Growth under the ticker OCEAN.
Visit Ocean GeoLoop on LinkedIn/OceanGeoLoop
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