Ocean-GeoLoop (OCEAN) Fearnleys Securities Annual Renewables & Clean-Tech Conference 2024 presentation summary

Technology overview and differentiation

• Developed a chemical-free carbon capture system with no need for waste heat or harmful chemicals, offering superior energy efficiency and robust scalability for various industrial applications.

• The solution is fully autonomous, energy flexible, and requires low staffing, with easy integration into electrically powered processes.

• Technology is non-toxic, non-amine, and produces no local emissions or chemical handling requirements.

Project milestones and partnerships

• Successfully piloted a 1,000 tpa unit at Norske Skog Skogn and completed a feasibility study for NorFraKalk.

• Established strong partnerships and customer traction, supporting near-term growth and value creation.

• Industrial pilot at Norske Skog Skogn was co-funded by Innovation Norway.

Market strategy and scaling plans

• Strategy involves scaling from concept to technology to products, with market scaling in prioritized industrial verticals such as the European lime industry.

• Domestic market targets include a 2,000,000 tpa hub strategy by 2040, with key assets at Herøya/Grenland and Verdal Industripark.

• Ambitions to double quicklime production and implement large-scale pilots and industrial units by 2025 and 2027.