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.
The company was established in 2020. Founder Hans Gude Gudesen has a long standing relationship with SINTEF in Trondheim. Summer 2020 SINTEF and the innovation company Proneo facilitated several industrial connections in Mid-Norway. This resulted in the establishment of the company's headquarter in Verdal Industrial Park, one of the largest industry clusters in Norway.
Our highlights - year by year
NOK 100 million investment and MOU with Chevron U.S.A. Inc.
LOI with Icelandic aluminium producer Norðurál.
Acquisition of Energi Teknikk AS, a total supplier of equipment and services for development and operation of small power plants.
Wins SIVA´s X-factor prize.
IPO at Euronext Growth and a NOK 55 million private placement.
Construction, installation and commissioning of carbon capture pilot plant at Norske Skog Skogn.
LOI entered into with North Tech Energy and the Government of Iceland for CCS/CCU.
Started 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.
In a well-balanced ecosystem carbon capture and release, via the photosynthesis of plants, algae, and cyanobacteria, via the sea-air gas exchange, and via carbon exchanges related to biological and geological processes, are in equilibrium.
Since the beginning of the industrial age (in the 1850s), however, this equilibrium has been perturbed, in particular by increasing carbon emissions from the combustion of fossil fuel. This has resulted in an excess of CO2 in the atmosphere, which has reduced the capacity of the natural carbon sinks of land and ocean. The extra CO2 enhances the greenhouse effect. More heat is trapped in the atmosphere, causing the planet to become warmer than it would be otherwise.
Currently, more than 80% of the energy produced globally each year is generated through fossil fuel combustion, resulting in more than 37 gigatons of CO2 into the atmosphere each year. As a result, atmospheric CO2 concentrations have risen from less than 300 parts per million (ppm) to more than 400 ppm over the last 100 years, contributing substantially to global warming and climate change.
Team Ocean GeoLoop
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. Lademo 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.
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.
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.
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.
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 innovation experience as a former Senior Consultant at BearingPoint. He holds an M.Sc. in Financial Economics from The Norwegian School of Economics.
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.
Kim Kristiansen - Specialist Chemical Engineering
Kim Kristiansen serves as Specialist Chemical Engineering in the company.
Through his PhD position in chemistry at the Norwegian University of Science and Technology, Kristiansen has several years of research experience on the applications of thermodynamics and transport theory to help understand and develop novel methods for waste heat recovery.
His broad knowledge and skills in physics, chemistry, mathematics and computational methods puts him in a solid position for understanding and following up every step of the R&D processes. Kristiansen holds a degree in chemistry from the Norwegian University of Science and Technology.
Erling Ronglan – Business Developer
Erling Ronglan serves as the Business Developer of the Company. Ronglan has 30 years’ experience with operations and project execution in the oil & gas industry. Recently as Project Director in OKEA ASA. Erling studied Marine Technology (M.Sc.) at NTNU (Norwegian University of Science and Technology).
Ole Magnus Svarva - Head Of Product Development Marine Innovation
Ole Magnus Svarva serves as the Head Of Product Development Marine Innovation of the company. Svarva has more than 20 years’ of experience with product development, management and project execution within the maritime industry. Recently in the maritime part of Kongsberg. Svarva has served in several board positions during his career. Ole Magnus holds a M.Sc. in Electronics from NTNU (Norwegian University of Science and Technology).
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 date, 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.
How we work
Ocean GeoLoop consciously and actively works in a broad international network - in line with the model illustrated.
- New, industrial partnerships are constantly being established, nationally and internationally. Through a set of pilots, the company has linked up an exciting and growing supplier network
- The company has engaged key personnel from internationally recognized R&D institutions to assist with technology development in various phases
- Through a total of 4 private placements the company has raised approximately NOK 360 million from national and international investor segments
- The company works actively with and involves authorities, policy makers, clusters and business organizations
Career / Vacant Positions
We are always interested in good people, please send an open application if you want to Join the Loop!
Are you a student and want to shape the future of our planet? Ocean GeoLoop is always looking for new talent. This is essential for our goal of solving the challenges of our time.
Join our intern programme 2023!
(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.
Ocean GeoLoop AS today announces an agreement with OGL’s founder and largest shareholder, Hans Gude Gudesen, to transfer his majority position in Ocean Tunicell to Ocean GeoLoop.
Ocean GeoLoop today provides a quarterly business update following the on-time successful start-up of the carbon capture pilot plant at Norske Skog Skogn. Attached is an updated company presentation containing some of the latest key highlights.
Ocean GeoLoop enters into a Letter of Intent for carbon capture and electricity production with Yara Norge
(Verdal, October 5th 2022) Ocean GeoLoop AS (Ocean GeoLoop, OSE:OCEAN), the green tech company developing multifunctional environmental technologies based on nature’s own processes, today announces a Letter of Intent (LOI) with the world’s leading fertilizer company Yara Norge AS for carbon capture and electricity production for the planned expansion project at the Yara Calcium Nitrate…
(Verdal, 2 September 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 official subcontractor handover of the carbon capture pilot plant at Norske Skog Skogn, Norway, and has entered into the stabilization and optimization phase. Image caption / by line /…
(Verdal, 25 August 2022) Ocean GeoLoop AS (Ocean GeoLoop, OSE:OCEAN), the green tech company developing multifunctional environmental technologies based on nature’s own processes, today announces revenue in the first half of 2022 of NOK 48.5 million (0.3) and reiterates the potential of the technology following the successful installation of the carbon capture pilot plant at…
Ocean GeoLoop AS announces today that an extraordinary general meeting will be held at 10:00 CEST on 19 August 2022.
Ocean GeoLoop AS today announced a NOK ∼100 million investment at NOK 37 per share by Chevron U.S.A. Inc. (Chevron), and a memorandum of understanding to identify areas of potential technical or commercial collaboration (MOU).
Ocean GeoLoop AS today announces the successful first commissioning phase and system test of the carbon capture pilot installation at Norske Skog Skogn in Norway.