Ocean GeoLoop has been established as an offshoot of the research project Ocean, initiated by Hans Gude Gudesen in 2006. Ocean GeoLoop has been established to industrialize innovative green technologies with global scaling potential. The company is based on long-term systematic research and method development, connected in a holistic concept with the aim of solving the greatest challenges of our time; a combined climate, environment and resource crisis.
After a trip to Mid-Norway summer of 2020, Hans Gude Gudesen decided to establish the company's headquarters in Verdal Industrial Park. The overview below shows key milestones since the summer 2020.
LOI entered into with North Tech Energy and the Government of Iceland for CCS/CCU
EPC of mobile Carbon Capture pilot facility for industrial testing in collaboration with Norske Skog Skogn AS and Franzefoss Minerals initiated.
Completion of a NOK 106 million private placement.
The Company and Norske Skog ASA enter into general cooperation agreement.
Third-party system verification of the Company's point-source CC technology achieved.
Extensive test program of the Company's Carbon Capture technology completed.
Installation of the Geoloop Column prototype.
Installation of structures in the open sea for mapping the biological filter feeder potentials.
LOIs entered into with Bluegreen, Green Industry Cluster and Proventia.
Development agreements for components and system technologies entered into.
Frame agreements entered into by the Company with SINTEF Ocean and SINTEF Industry as R&D partners.
Complete management employed by the Company.
Chief Executive Officer of the Company was employed.
Completion of a NOK 100 million private placement.
Patent transfer and license agreement entered into between the Company and the inventor, Hans Gude Gudesen.
Board of directors of the Company was elected.
LOI entered into with Okea
LOI entered into with the municipalities Levanger, Verdal and Flatanger.
Letter of intent ("LOI") entered into with Norske Skog Skogn AS and Franzefoss Minerals.
Consultancy agreement entered into with Proneo AS.
SINTEF engaged for technology verification.
Incorporation of the Company.
Odd-Geir Lademo – Chief Executive Officer
Odd-Geir Lademo serves as the Chief Executive Officer of the Company. Lademo has more than 25 years of experience in SINTEF and the Norwegian University of Science and Technology (“NTNU“). He has also worked as a Research Manager in the Department of Materials and nanotech of the SINTEF Industry. Additionally, Lademo held the position as an Adjunct Professor at NTNU. Lade is also a member of extensive national and international industry networks and in the core team of high-ranking research centers, such as SFI SIMLab and SFI CASA. Finally, he holds an M.Sc. and PhD from the Department of Structural Engineering at NTNU.
Viggo Iversen – Chief Operating Officer
Viggo Iversen serves as the Chief Operating Officer of the Company. Iversen has extensive renewable energy experience from NVE, Enova SF and Proneo, both nationally and internationally. Iversen has served in several leadership and board positions since 2007. From 2014, Iversen managed Proneo’s advisory business providing business development and innovation services to over 40 companies annually. Iversen’s experience demonstrates his extensive experience within business development with positions of great responsibility. Moreover, Iversen holds a Cand. Agric. (M.Sc.) from the Norwegian University of Life Sciences in Resource Economics.
Maria Terese Hosen – Chief Financial Officer
Maria Terese Hosen serves as the Chief Financial Officer of the Company. Hosen has 18 years experience from auditing, accounting and operational operation from PricewaterhouseCoopers AS, Selvaag Bolig ASA, Western Bulk Chartering AS and Mestergruppen AS. Hosen has strong and versatile leadership skills, effective communication skills, highest ethics, and has broad experience in different industries, domestic and international.
Maria Terese Hosen holds both an M.Sc in Economics, an M.Sc in Accounting from Norwegian School of Economics and the title Certified Public Accountant.
Lars Strøm – Chief Product Officer
Lars Strøm serves as the Chief Project Officer of the Company. Strøm has more than 20 years experience in the chemical and process industries from Borregaard, Norske Skog, NorFraKalk and Aibel. He also has leadership experience in international process and product development.
Accordingly, Strøm is experienced in business development, management, innovation, industrial production and project management and has, additionally, international experience with cultural understanding and sensitivity. Lars Strøm holds a degree in Chemical and Process Engineering from the University of Surrey and an MBA from Griffith University in Australia.
Ove Lande – Chief Commercial Officer
Ove Lande serves as the Chief Commercial Officer of the Company. Lande has 15 years’ experience in investment management and capital markets from Skeie Alpha Invest and Terra Securities. As such, Ove Lande has acquired an overview and understanding of multiple industry sectors. Moreover, Lande has significant technical, analytical and innovationexperience as a former Senior Consultant at BearingPoint. He holds an M.Sc. in Financial Economics from The Norwegian School of Economics.
Jan Arne Berg – Chief Construction Officer
Jan Arne Berg serves as the Chief Construction Officer of the Company. Berg has over 30 years’ experience in the oil & gas industry. Further, Jan Arne Berg is a former General Manager of Aker / Kvaerner Piping Technology – a prominent product- and technology company and Vice President at Kvaerner in Verdal. Berg has a broad skill set in business development, sales & marketing, management and construction management. Berg also enjoys an extensive network and has pronounced relationship-building skills, which is particularly valuable in his Company role. Jan Arne Berg holds a B.Sc. in Mechanical Engineering from the Trondheim College of Engineering.
Board of directors
- Chairman of the Board
Anders Onarheim – Chairman
Anders Onarheim is the Chair of the Board of Directors of the Company. Previously he has more than 30 years’ extensive experience from the international capital markets. Most recently he was the CEO of Carnegie ASA for 16 years, and also spent 5 years with Goldman Sachs in London and 5 years with Merrill Lynch in New York and London. He has extensive experience from board positions in listed companies, and is currently Chairman of the board at North Energy ASA and board member of Reach Subsea ASA. Mr. Onarheim is currently the CEO of BW LPG, being a leading shipowner and operator of liquid petroleum gas. Onarheim holds a BSBA and an MBA from Washington University of St. Louis and graduated in 1986.
- Board member
Ebbe Arnstein Deraas – Board member
Ebbe Deraas is currently working as a business coordinator primarily towards the Military and Security industry. Key focus is connecting regional and national industry and start-ups with relevant national and international military branches and initiatives. He is an experienced Commanding Officer and a retired Colonel from the Norwegian Army. He has held several positions in both national defense and international operations, and is skilled in negotiation, operations and strategic management, coaching, and Government. Strong military and protective services professional. Mr. Deraas has an extensive academic record with, including a degree from the Norwegian National Defense College and the Joint Services Command and Staff College, UK as well as a master’s degree in Military and Strategic leadership from Kings College, London.
Hans Kristian Hustad
- Board member
Hans Kristian Hustad – Board member
Hans Kristian Hustad is a board member of the Company. Mr. Hustad has more than 45 years’ experience in running operations and from various chairman and board member positions in the Nordics, CEE, and UK. He has also been the CEO and chairman of Booker Group Ltd, chairman of Hamleys Ltd., CEO Rema 1000 International AS, board member of Baugur Group hf., Deputy CEO Ringnes AS, CEO E. C. Dahls Bryggeri AS. Mr. Hustad currently the chairman of Ocean TuniCell AS. Mr. Hustad has a varied educational background in finance and management from the University of Gothenburg, among other universities.
- Board member
Lars P. Sørvaag Sperre – Board member
Mr. Sperre has acted as Senior Vice President Corporate Strategy of Norske Skog ASA since 1 December 2018. Before this, Mr. Sperre functioned as Norske Skog ASA’s President and Chief Executive Officer for an interim period of approximately one and a half years. From 2006 to 2014, Mr. Sperre was part of the Norske Skog Group’s Legal Counsel and was Vice President Legal from 2007 to 2014. Prior to this, Mr. Sperre worked as an associate lawyer at the Norwegian law Firm Wikborg Rein Advokatfirma AS. Mr. Sperre graduated from the University of Bergen with a Cand. Jur. Degree in 2002 and obtained his practising certificate in 2005. Mr. Sperre has extensive experience from international industrial operations and international development projects from his work with the Norske Skog group, and he also has extensive experience with international capital markets and M&A activities.
- Board member
Morten Platou – Board member
Morten Platou is a board member of the Company. Morten Platou is currently a partner at the top-tier Scandinavian law firm Advokatfirmaet Schjødt AS and is a specialist in the law firm’s tax and capital markets department. Mr. Platou has over 10 years of experience practicing as a lawyer, and advises clients on a regular basis on tax and corporate matters related to M&A transactions, restructurings and management incentive plans. By virtue of Platou’s extensive legal experience, he is also particularly trained in client management and relationship building. Mr. Platou holds a double Masters of Law degree from the University of Oslo in Norway and Georgetown University in Washington D.C., in addition to his business and administration degree from BI Norwegian Business School in Oslo, Norway.
- Board member
Ole Rogstad Jørstad – Board member
In addition to being a member of the Company’s board of directors, Ole Rogstad Jørstad is the current CEO of his own investing company, K4 Invest AS. Since commencing his first job with KPMG, he has held several administrative roles in notable companies such as NOTAR, Veidekke Real Estate division (Startbo) and others. As per the date of this Information Document, he is also the Chairman of several companies in Trondelag, including, inter alia, the ELMAN Group. Currently he is also a member of the executive committee in The Norwegian Olympic and Paralympic Committee and Confederation of Sport (NIF). Mr. Jørstad has educational background from, among other things, the Oslo Metropolitan University in Norway.
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