Climate Change Data

Ocean GeoLoop AS

Climate Impact & Sustainability Data (2023-01 to 2023-06)

Reporting Period: 2023-01 to 2023-06

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Circular Economy

Environmental Achievements

  • Reached 3,000 hours of safe and autonomous operations of Ocean GeoLoop's point-source carbon capture pilot at Norske Skog Skogn.

Social Achievements

  • Received the “Powered by Telemark award” for contribution to collaborative culture and work with Yara.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • High cost, energy availability, integration costs at existing plants, HSE concerns, robustness of solutions, and non-existing or immature CCUS value chains for carbon capture.
Mitigation Strategies
  • Developing customized and competitive solutions for carbon capture; building a comprehensive test infrastructure (industrial pilot at Skogn, scaled test facility, process simulator) to optimize solutions; establishing collaborations with industry partners.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development and commercialization of carbon capture and renewable energy technologies.

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)

GeoLoop's technologies contribute to these goals by reducing CO2 emissions and developing renewable energy solutions.

Sustainable Products & Innovation

  • GeoLoop CC technology, e-Loop technology

Awards & Recognition

  • “Powered by Telemark” award