Posts by Smart Media AS
Ocean GeoLoop: Annual report and 2023 financial results
Ocean GeoLoop AS today announces 2023 revenues of NOK 172.9 million, up from NOK 128.1 in 2022. The company entered the commercial stage during the year, and has in 2024 announced an Enova funded carbon capture project with NorFraKalk to make the company climate neutral.
Read MoreOcean GeoLoop announces Enova funded carbon capture project with NorFraKalk
NorFraKalk and Ocean GeoLoop today announces the initiation of a potential large-scale CO2 capture project with the ambition to make NorFraKalk climate neutral. 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 climate goals. The Enova supported carbon capture project aims to showcase the solution.
Read MoreOcean GeoLoop: Quarterly business update 26 October 2023
Ocean GeoLoop AS today announces revenues in the third quarter of 2023 of NOK 118.4 million (Q3 2022:79.2). The company announced the successful 3,000-hours milestone for the point-source carbon capture pilot at Norske Skog Skogn, Norway, during the quarter. The company has thus entered the commercial stage, while in parallel initiating the company’s next generation carbon capture solution.
Read MoreThis year’s summer students Joined the Loop!
At OGL, we are genuinely interested in getting young people’s perspectives and input on what OGL is working on. Therefore, from the first year of operation, we have engaged students to “Join the Loop” and contribute to various activities and tasks.
Read MoreOcean GeoLoop. Financial results for the first half of 2023
(Verdal, 7 September 2023) Ocean GeoLoop AS (Ocean GeoLoop, OSE:OCEAN), the green tech company developing multifunctional environmental technologies based on nature’s own processes, today announces revenues in the first half of 2023 of NOK 83.2 million (1H 2022:45.7). The company subsequently announced the successful 3000-hours milestone for the point-source carbon capture pilot at Norske Skog Skogn, Norway, and is now ready to pursue commercial agreements.
Read MoreOcean GeoLoop: Announces successful 3000-hour carbon capture milestone
Ocean GeoLoop AS today announces the successful 3000-hours milestone for the point-source carbon capture pilot at Norske Skog Skogn, Norway, and is now ready to pursue commercial agreements.
Read MoreUpdate on carbon capture development program
Our Carbon Capture technology is making solid progress towards commercial market launch.
We have run our industrial pilot plant at Norske Skog Skogn for 2000 hours and installed a scaled carbon Capture process installation in SINTEF’s premises in Trondheim. The long-term testing has provided further proof that the technology is most robust, also at industrial scale and conditions.
We gain new experience every day on how to optimize the technology, both at Skogn and Tiller. We have also developed a digital process model that allows for rapid extrapolation for various customers and customer segments.
“The development program yields solid results, and supports our expectations for industrial attractivity, scalability, process robustness and efficiency of the carbon capture technology. We look forward to intensify commercial activities with our industrial partners after summer,“ says Ocean GeoLoop CEO Odd-Geir Lademo.
Read MoreWe are excited to welcome our two new board members
We are excited to welcome our two new board members, Maren Hjorth Bauer and Martha Kold Bakkevig, to the Ocean Geoloop team!
Read MoreProductive Workshop with Chevron, Franzefoss Minerals, NorFraKalk and Norske Skog Skogn
Productive Workshop with Chevron, Franzefoss Minerals, NorFraKalk and Norske Skog Skogn Ocean GeoLoop recently had a productive visit from our shareholder Chevron New Energies, where we discussed our shared commitment to address climate change. Published: 13. June 2023 – Last updated: 29. June 2023 Share on Linkedin Last week was an exciting and fruitful week…
Read MoreOcean GeoLoop AS: Quarterly business update 25 May 2023
Ocean GeoLoop AS today announces revenues in the first quarter of 2023 of NOK 46.0 million (8.5) and the continued comprehensive carbon capture development program to offer commercial solutions to customers across segments.
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