Ocean GeoLoop AS announced strong preliminary results from the ongoing NorFraKalk feasibility study. The results confirm the attractiveness of the company's carbon capture offering to the quicklime and cement industry and provide significant commercial opportunities. The test program at 25% flue gas CO2 concentration confirmed carbon capture rates exceeding 90% and product gas purity of 95%, enabling delivery of liquified CO2 above 99% purity.

Ocean GeoLoop targets to provide corresponding data for energy consumption before summer. The quicklime and cement industry accounts for more than 8% of the world´s CO2 emissions and CO2 capture is necessary to achieve the industry?s climate goals.