Ocean GeoLoop AS announced a Letter of Intent with the world's leading fertilizer company Yara Norge AS for carbon capture and electricity production for the planned expansion project at the Yara Calcium Nitrate (CN) plant at Herøya in Norway. Ocean GeoLoop has entered into an LOI with Yara Norge AS for carbon capture related to their expansion of the Calcium Nitrate plant at Herøya. This project will target hard to abate process emissions from the Calcium Nitrate production.

Early September Ocean GeoLoop announced that they will start their point-source industrial carbon capture pilot plant at Norske Skog Skogn early October, and that 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. The LOI with Yara Norge AS is an important step towards the commercialization of this technology.