Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Energi & Miljö |
| Industri | Miljö & Återvinning |
2022-11-30 08:21:00
Ocean GeoLoop: Update on carbon capture industrial pilot at Norske Skog Skogn
(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.
"The pilot has been running stable and successful for extensive periods these
last months. We have over the last few weeks made successful adaptations and
improvements to the pilot plant. We are currently waiting for parts expected to
be delivered medio December to further improve its performance. The results so
far have supported our expectations that the GeoLoop carbon capture process will
prove successful and we look forward to report on the promising developments
after further optimizations," says Odd-Geir Lademo, Chief Executive Officer of
Ocean GeoLoop.
A comprehensive test program is currently being carried out in cooperation with
SINTEF Industry. The main objectives of the pilot plant installation and test
phases are to document that the technology is industrially scalable and in line
with process calculations, to document that the process handles a range of
operational conditions and performs in a robust and predictable manner, and to
optimize the process.
ENDS
For further information, please contact:
Odd-Geir Lademo, CEO, e-mail: odd.geir.lademo@oceangeoloop.com, cell: +47 92 05
29 01
Anders Onarheim, Chairman of the Board of Directors, cell: +47 90 70 86 43
About Ocean GeoLoop | www.oceangeoloop.com
Ocean GeoLoop is a green tech company aiming at using nature's own way of
solving the challenges of our time in a circular way. In 2022, the company
introduces the GeoLoop CC technology that captures point source CO2 emissions,
using natural and harmless processes, transforming the CO2 to a stable, liquid
state. Ocean GeoLoop call this process "Carbon capture by nature." The GeoLoop
CC technology will help companies and countries around the globe to reach their
goals of reduced emissions before 2030 and net zero by 2050. The company is
listed on Euronext Growth Oslo under the ticker OCEAN.
This announcement was published by Maria Hosen at the date and time set out
above.