Ocean GeoLoop: 200 kWh per tonne carbon capture for the quicklime and cement industries

Ocean GeoLoop AS today announces energy data based on flue gas conditions for the quicklime and cement industries. The strong results reaffirm Ocean GeoLoop´s target to provide world class carbon capture solutions. Based on a thorough test program including flue gases with 25% CO2 concentration, recent calculations conclude an electricity consumption for carbon capture in the size order of 200 kWh per tonne (approx. 0,7 GJ per tonne).

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Ocean GeoLoop: Quarterly business update 30 May 2024

Ocean GeoLoop AS today announces revenues in the first quarter of 2024 of NOK 38.3 million (Q1 2023:46.0) and positive carbon capture technology developments. After the closing of the quarter, the company announced strong preliminary results from the ongoing NorFraKalk feasibility study. The results confirm the attractiveness of the company’s carbon capture offering to the quicklime and cement industry and provide significant commercial opportunities.

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Ocean GeoLoop: Strong preliminary results from the NorFraKalk study

NorFraKalk facilities

Ocean GeoLoop AS today announces strong preliminary results from the ongoing NorFraKalk feasibility study. The results confirm the attractiveness of the company’s carbon capture offering to the quicklime and cement industry and provide significant commercial opportunities.

The test program at 25% flue gas CO2 concentration confirmed carbon capture rates exceeding 90% and product gas purity of 95%, enabling delivery of liquified CO2 above 99% purity. Ocean GeoLoop targets to provide corresponding data for energy consumption before summer.

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Ocean GeoLoop announces Enova funded carbon capture project with NorFraKalk

Ocean Gaoloop in meeing

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.

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Ocean 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.

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Ocean 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.

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Update on carbon capture development program

Ocean GeoLoop logo on top of wave

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.

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