November 19, 2024

Century Aluminum and Ocean GeoLoop Partner on Carbon Capture Technology to Help with Goal of Carbon Neutral Aluminum Production

Century Aluminum and Ocean GeoLoop Partner on Carbon Capture Technology to Help with Goal of Carbon Neutral Aluminum Production
Century Aluminum Company

Century Aluminum Enterprise

CHICAGO, Feb. 28, 2022 (Globe NEWSWIRE) — Century Aluminum Organization (NASDAQ: CENX) introduced nowadays that its wholly-owned subsidiary, Nordural Grundartangi ehf (“Nordural” or “Grundartangi”), signed a Letter of Intent (LOI) with industrial environmentally friendly technologies chief, Ocean GeoLoop, for carbon capture at the Grundartangi plant in Iceland. The challenge has an ambition to lessen Iceland’s carbon emission by about 10{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} by deploying Ocean GeoLoop’s carbon capture option.

“We are very pleased to announce this arrangement with Nordural, aiming to lessen carbon emissions significantly by deploying our disruptive carbon seize remedy. The conclude-of-pipe technological know-how is planned to be assisted by the e-Loop, a horizontal hydropower device, enabling electrical power output using the CO2 from the aluminum system resulting in a self-energized carbon capture answer at Nordural,” says Odd-Geir Lademo, CEO at Ocean GeoLoop.

Ocean GeoLoop develops, pilots, and commercializes multifunctional environmental technologies for carbon seize, utilization, and storage. The GeoLoop carbon seize resolution is characterized by many special capabilities, as the CO2 separation is 100{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} clean up, can seize 100{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} of the CO2, and has no require for special adaptations primarily based on the form of flue gasoline. The carbon seize approach is expected to be assisted by the e-Loop, a proprietary, horizontal hydropower device, enabling electrical power manufacturing from low high quality warmth resources.

Nordural produces Natur-Al™ aluminum with 1 of the least expensive CO₂ footprints in the earth. With OGL, Nordural has the ambition to turn out to be a carbon neutral aluminum producer.

“We are psyched at the prospect of being in a position to seize, use and keep the CO2 that our plant emits now. We are previously far ahead of the curve in conditions of carbon footprint, as all our energy is renewable, but a productive carbon capture scheme would convey us to real carbon neutrality,” states Gunnar Guðlaugsson, CEO of Nordural.

About Century Aluminum Company

Century Aluminum Organization owns principal aluminum capacity in the United States and Iceland. Century’s corporate places of work are situated in Chicago, IL. Stop by www.centuryaluminum.com for more info.

Cautionary Statement

This push launch consists of “forward-looking statements” within the this means of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements about upcoming events and are centered on our existing expectations. These forward-looking statements may perhaps be discovered by the text “feel,” “anticipate,” “hope,” “concentrate on,” “foresee,” “aim,” “intend,” “plan,” “request,” “estimate,” “possible,” “challenge,” “scheduled,” “forecast”, “ambition,” or words of equivalent that means, or potential or conditional verbs these as “will,” “would,” “really should,” “could,” “could,” or “might.”

Where we specific an expectation or perception as to long run situations or benefits, these expectation or perception is expressed in good faith and believed to have a sensible basis. Nonetheless, our forward-on the lookout statements are based on current expectations and assumptions that are matter to pitfalls and uncertainties which may perhaps bring about genuine effects to vary materially from future benefits expressed, projected or implied by those forward-hunting statements. Essential variables that could bring about true benefits and activities to differ from people described in these ahead-looking statements can be discovered in the possibility variables and ahead-hunting statements cautionary language contained in our Yearly Report on Kind 10-K, quarterly reports on Type 10-Q and in other filings designed with the Securities and Exchange Fee. Although we have tried to establish people content things that could lead to true results or activities to differ from those described in these kinds of ahead-seeking statements, there may well be other elements that could lead to real final results or occasions to differ from individuals expected, believed or supposed. A lot of of these components are further than our means to handle or predict. Presented these uncertainties, traders are cautioned not to position undue reliance on our ahead-searching statements. We undertake no obligation to update or revise publicly any forward-searching statements, whether or not as a outcome of new details, foreseeable future occasions, or usually.

Speak to
Peter Trpkovski
(Traders and media)
312-696-3132

Resource: Century Aluminum Business