CHICAGO, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) announced today that its wholly-owned subsidiary, Nordural Grundartangi ehf (“Nordural” or “Grundartangi”), signed a Letter of Intent (LOI) with industrial green technology leader, Ocean GeoLoop, for carbon capture at the Grundartangi plant in Iceland. The project has an ambition to reduce Iceland’s carbon emission by approximately 10% by deploying Ocean GeoLoop’s carbon capture solution.
“We are proud to announce this agreement with Nordural, aiming to reduce carbon emissions significantly by deploying our disruptive carbon capture solution. The end-of-pipe technology is planned to be assisted by the e-Loop, a horizontal hydropower unit, enabling electricity production utilizing the CO2 from the aluminum process resulting in a self-energized carbon capture solution at Nordural,” says Odd-Geir Lademo, CEO at Ocean GeoLoop.
Ocean GeoLoop develops, pilots, and commercializes multifunctional environmental technologies for carbon capture, utilization, and storage. The GeoLoop carbon capture solution is characterized by several unique capabilities, as the CO2 separation is 100% clean, can capture 100% of the CO2, and has no need for special adaptations based on the type of flue gas. The carbon capture process is expected to be assisted by the e-Loop, a proprietary, horizontal hydropower unit, enabling electricity production from low quality heat sources.
Nordural produces Natur-Al™ aluminum with one of the lowest CO₂ footprints in the world. With OGL, Nordural has the ambition to become a carbon neutral aluminum producer.
“We are excited at the prospect of being able to capture, use and store the CO2 that our plant emits now. We are already far ahead of the curve in terms of carbon footprint, as all our electricity is renewable, but a successful carbon capture scheme would bring us to true carbon neutrality,” says Gunnar Guðlaugsson, CEO of Nordural.
About Century Aluminum Company
Century Aluminum Company owns primary aluminum capacity in the United States and Iceland. Century's corporate offices are located in Chicago, IL. Visit www.centuryaluminum.com for more information.
Cautionary Statement
This press release contains "forward-looking statements" within the meaning 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 future events and are based on our current expectations. These forward-looking statements may be identified by the words "believe," "expect," "hope," "target," "anticipate," “aim,” "intend," "plan," "seek," "estimate," "potential," "project," "scheduled," "forecast", “ambition,” or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," "might," or "may."
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Contact
Peter Trpkovski
(Investors and media)
312-696-3132
Source: Century Aluminum Company
