Signs cooperation agreement for climate-positive industry

Herøya Industripark AS and Ocean GeoLoop AS have signed a cooperation agreement to support Grenland's ambition of becoming the world’s first climate-positive industrial region by 2040.
Ocean GeoLoop AS (OGL) and Herøya Industripark AS (HIP) signs cooperation agreeement for CO2-reductions in the industrial park: from the left Ole Magnus Svarva, OGL, Odd-Geir Lademo, CEO OGL, Sverre Gotaas, CEO HIP, Audun Elvik Thorsen, HIP, Siri Fygle, OGL, Skjalg Aasland, HIP, Jan Arne Berg, OGL, and Are Lund, SINTEF. Photo: Ocean GeoLoop AS.

Ocean GeoLoop AS stated in a press release today they are very pleased to join forces with Herøya Industripark AS and leading industrial players in the Grenland region to achieve the ambition of a climate-positive industrial region by 2040.

"The industry cluster at Herøya leads the green transition for Norwegian industry, and we will jointly develop the infrastructure strategy for CO2 management and profitable value chains in the industry park and  Grenland. By leveraging our technologies and network, we will operationalise this strategy through targeted carbon capture, utilization, storage (CCUS) and electricity generation projects," says Odd-Geir Lademo, CEO of Ocean GeoLoop.

Strong belief in groundbreaking capture technology

The recent years Herøya Industripark AS has participated in studies of existing amine-based capture technologies.

"We have identified several barriers to implementing such for the emission sizes in our park. A major challenge lies in the extensive use of potentially hazardous chemicals,” says Sverre Gotaas, CEO of Herøya Industripark AS.

"Ocean GeoLoop’s innovative solutions represent intriguing possibilities to bypass such challenges and other identified barriers with existing technology. We strongly believe Ocean GeoLoop’s groundbreaking capture technology has significant deployment potential in our industrial park. We are enthusiastic to develop the infrastructure strategy and to actively co-create the set of projects to secure large reductions in CO2 emissions and achieving higher speed in reaching our climate goal, thus to create a climate positive industry region in Grenland."

Text: Tone Brekke   tone.brekke@hipark.no 


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