Ocean GeoLoop Enters into Carbon Capture Agreement with Nordural

“We are proud to announce this agreement with Nordural, aiming to reduce carbon emissions in Iceland significantly by deploying our disruptive carbon capture solution. The end-of-pipe technology is planned to be assisted by the e-Loop, a horizontal hydropower unit, enabling electricity production utilizing the CO₂ from the aluminium process resulting in a self-energized carbon capture solution at Nordural,“ says Odd-Geir Lademo, CEO at Ocean GeoLoop.

Ocean GeoLoop has entered into a LOI with the leading Icelandic aluminum producer Nordural. Their Grundartangi facility is among the largest aluminum plants in Europe with an annual production of over 300.000 metric tons. Ocean GeoLoop develops, pilots, and commercializes multifunctional environmental technologies for carbon capture, utilization, and storage. The GeoLoop carbon capture solution is characterized by several unique capabilities, as the CO₂ separation is 100% clean, can capture 100% of the CO₂, and has no need for special adaptations based on the type of flue gas. The carbon capture process is expected to be assisted by the e-Loop, a proprietary, horizontal hydropower unit, enabling electricity production from low quality heat sources.

“We are excited at the prospect of being able to capture, use and store the CO₂ that our plant emits now. We are already far ahead of the curve in terms of carbon footprint, as all our electricity is renewable, but a successful carbon capture scheme would bring us that much closer to true carbon neutrality,“ says Gunnar Guðlaugsson, CEO of Nordural.

Ocean GeoLoop AS is represented in Iceland by North Tech Energy ehf, with CEO Geir Hagalínsson.