Ocean GeoLoop AS announced the on-time installation of the main modules for the carbon capture pilot at Norske Skog's factory in Skogn, Norway. The company reiterates the target of pilot plant commencement during the summer of 2022. Reference is made to the announcement by Norske Skog regarding its partnership with Ocean GeoLoop and its ambition to become carbon negative.

Ocean Geoloop has installed the primary modules on-time at the Norske Skog facility. Following the first installation, Ocean GeoLoop reiterates to commence full operations at the pilot plant during the summer of 2022.