Ocean GeoLoop, Yara Sign LOI for Carbon Capture, Electricity Production

Green technology company Ocean GeoLoop, Verdal, Norway, on Oct. 5 announced that it has entered into a Letter of Intent (LOI) for carbon capture and electricity production with Yara Norge AS for the planned expansion project at the Yara calcium nitrate plant in Herøya in Norway. Ocean Geoloop said the project will target hard-to-abate process emissions from the calcium nitrate production.

In other news, Ocean GeoLoop said it expects to start their point-source industrial carbon capture pilot plant at Norske Skog Skogn, Norway, early this month. They expect the system to be stable within two weeks after startup. A comprehensive test program will be carried out in cooperation with SINTEF Industry in the months to come.