About

Company Highlights

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

H2 2022

NOK 100 million investment and MOU with Chevron U.S.A. Inc.

H1 2022

LOI with Icelandic aluminium producer Norðurál.

H1 2022

Acquisition of Energi Teknikk AS, a total supplier of equipment and services for development and operation of small power plants.

H1 2022

Wins SIVA´s X-factor prize.

H1 2022

IPO at Euronext Growth and a NOK 55 million private placement.

H1 2022

Construction, installation and commissioning of carbon capture pilot plant at Norske Skog Skogn.

H2 2021

LOI entered into with North Tech Energy and the Government of Iceland for CCS/CCU.

H2 2021

Started EPC of mobile Carbon Capture pilot facility for industrial testing in collaboration with Norske Skog Skogn AS and Franzefoss Minerals initiated.

H1 2021

Completion of a NOK 106 million private placement.

H1 2021

The Company and Norske Skog ASA enter into general cooperation agreement.

H1 2021

Third-party system verification of the Company's point-source CC technology achieved.

H1 2021

Extensive test program of the Company's Carbon Capture technology completed.

H1 2021

Installation of the Geoloop Column prototype.

H1 2021

Installation of structures in the open sea for mapping the biological filter feeder potentials.

H1 2021

LOIs entered into with Bluegreen, Green Industry Cluster and Proventia.

H1 2021

Development agreements for components and system technologies entered into.

H1 2021

Frame agreements entered into by the Company with SINTEF Ocean and SINTEF Industry as R&D partners.

H1 2021

Complete management employed by the Company.

H1 2021

Chief Executive Officer of the Company was employed.

H2 2020

Completion of a NOK 100 million private placement.

H2 2020

Patent transfer and license agreement entered into between the Company and the inventor, Hans Gude Gudesen.

H2 2020

Board of directors of the Company was elected.

H2 2020

LOI entered into with Okea

H2 2020

LOI entered into with the municipalities Levanger, Verdal and Flatanger.

H2 2020

Letter of intent ("LOI") entered into with Norske Skog Skogn AS and Franzefoss Minerals.

H1 2020

Consultancy agreement entered into with Proneo AS.

H1 2020

SINTEF engaged for technology verification.

H1 2020

Incorporation of the Company.

The Challenge

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.

Smoke rising from chimney

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 CEO at Ocean GeoLoop

Odd-Geir Lademo

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 CCO at Ocean GeoLoop

Jan Arne Berg

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 Hosen CFO at Ocean GeoLoop

Maria Hosen

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 CEO at Ocean GeoLoop

Viggo Iversen

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 CCO at Ocean GeoLoop

Ove Lande

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 CPO at Ocean GeoLoop

Lars Strøm

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.

Maria Christina Elvemo

Maria Cristina Elvemo

Erling Ronglan, Business Developer

Erling Ronglan

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).

Board of directors

Anders Onarheim

  • 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.

Ebbe Deraas

  • 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.

Lars Sperre

  • 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.

Morten Platou

  • 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.

Ole Jørstad

  • 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
Modell-with-text

Career / Vacant Positions

We are always interested in good people, please send an open application if you want to Join the Loop!

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Summer internship

The future of Ocean GeoLoop? Interns summer 2022.
The future of Ocean GeoLoop? Interns summer 2022.

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!

News

Ocean GeoLoop logo on top of wave
Investor news

Ocean GeoLoop AS: Quarterly business update 24 May 2022

Ocean Geoloop today provides a quarterly business update following the on-time successful installation of the carbon capture modules at Norske Skog Skogn. Attached is an updated company presentation containing some of the latest key highlights.

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Viggo Iversen from Ocean GeoLoop with the Siva Award
News

Ocean GeoLoop wins SIVA’s X-factor prize

Ocean GeoLoop is the first company to be awarded SIVA’s X-factor prize. The jury recognizes the company’s effort to develop technology for a holistic and efficient solution to the CO2-challenge. From the Left: Acting CEO Andreas Krüger Enge in Siva, Chief Operating Officer Viggo Iversen in Ocean GeoLoop, General Manager Glenn Alexander Jakobsen in Foamrox…

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Installation of Ocean GeoLoop carbon capture module
Press release

On-time installation of Ocean GeoLoops main carbon capture modules at Norske Skog Skogn

Verdal, 22. April 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 on-time installation of the main modules for the carbon capture pilot at Norske Skogs factory in Skogn, Norway. The company reiterates the target of pilot plant commencement during the summer of 2022.

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Erling Ronglan, Business Developer
Press release

Ocean GeoLoop satser offshore – henter Erling Ronglan fra OKEA

5. april 2022 – Erling Ronglan er ansatt som forretningsutvikler i Ocean GeoLoop AS, og hadde nylig sin første arbeidsdag. Ocean GeoLoop er et grønt teknologiselskap som bruker naturens egne metoder til å løse klima-, miljø- og ressursproblemer. Ronglan får ansvar for å implementere selskapets teknologier i olje- og gassektoren.

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Ocean GeoLoop logo on top of wave
Investor news

Ocean GeoLoop AS: Invitation to company presentation in relation to listing on Euronext Growth

Ocean GeoLoop AS with ticker code “OCEAN” is pleased to invite to a company presentation on Tuesday 8 February 2022 at 15:00 CET in connection with the listing on Euronext Growth Oslo.

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Ocean GeoLoop Foran Borsen
Investor news

First day of trading for Ocean GeoLoop AS on Euronext Growth

Ocean GeoLoop AS with ticker code: “OCEAN” today announces the public trading on Euronext Growth Oslo

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Ocean GeoLoop logo on top of wave
Investor news

Ocean GeoLoop AS: Publication of information document

The attached information document has been prepared by Ocean GeoLoop AS with ticker code “OCEAN” solely for the use in connection with the admission to trading of all its shares on Euronext Growth Oslo. First day of trading in the Company’s shares on Euronext Growth will commence today on 8 March 2022.

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Ocean GeoLoop logo on top of wave
Investor news, Press release

Ocean GeoLoop AS – Private placement successfully completed

The Private Placement attracted strong interest from Norwegian and international quality investors and was over-subscribed. The Company intends to use the net cash proceeds it will receive from the Private Placement to fund its working capital and for general corporate purposes.

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Ocean GeoLoop logo on top of wave
Investor news, Press release

Ocean GeoLoop AS: Contemplated private placement and admission to trading on Euronext Growth Oslo

Ocean GeoLoop AS announces today the launch of a contemplated private placement of approximately NOK 50 million and subsequently its intention to launch an initial public offering of its shares and to apply for a listing Euronext Growth Oslo

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Employee images

Odd-Geir Lademo CEO at Ocean GeoLoop

Odd-Geir Lademo

Viggo Iversen CEO at Ocean GeoLoop

Viggo Iversen

Maria Hosen CFO at Ocean GeoLoop

Maria Hosen

Lars Strøm CPO at Ocean GeoLoop

Lars Strøm

Ove Lande CCO at Ocean GeoLoop

Ove Lande

Jan Arne Berg CCO at Ocean GeoLoop

Jan Arne Berg

Erling Ronglan, Business Developer

Erling Ronglan

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