GeoLoop CC technology captures CO2 from point source emissions using natural and harmless processes, the company said.
"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). These energy data position Ocean GeoLoop in the front line of technology providers for carbon capture worldwide. We continue to develop disruptive solutions for further reduction of the electricity consumption for our next generation carbon capture," said Odd-Geir Lademo, Chief Executive Officer of Ocean GeoLoop.
The quicklime and cement industries account for more than 8% of the world´s CO2 emissions and CO2 capture is necessary to achieve these industries’ climate goals.
"The results confirm the attractiveness of our carbon capture offering and provide significant commercial opportunities to the global quicklime and cement industries," said Anders Onarheim, Chairman of the Board in Ocean GeoLoop.