Norske Skog partnering with Ocean GeoLoop to become carbon net negative
Norske Skog has expanded its partnership with Ocean GeoLoop to support development, testing and commercialisation of their highly promising Carbon Capture, Storage and Utilisation (CCS/CCU) technologies. Through this partnership, Norske Skog aims to pursue the opportunity to become CO2 net negative, and to explore economically viable models for utilisation of biogenic CO2. “The green shift has been a key priority at Norske Skog for several years. In Norway in 2020, our fossil CO2 emissions were just above 15,000 tonnes out of Norway’s total of approximately 50 million tonnes. The reduction of fossil CO2 emissions has with significant success been incentivised by Governments and international organisations, but limited attention has been given to biogenic CO2 emissions. As Norske Skog is approaching zero fossil CO2 emissions in Norway, we will start to explore economically viable opportunities for utilisation of biogenic CO2.