Ocean-geoloop As · OSL:OCEAN
Ocean-geoloop As — Investor Presentation (May 2022)
33 slides from Ocean-geoloop As's investor presentation, May 2022
Slide 1: Ocean GeoLoop AS Company Presentation May 2022
Ocean GeoLoop AS Company Presentation May 2022
Slide 2: Disclaimer
Disclaimer This document and any information provided in this presentation (the "Presentation") has been prepared by Ocean GeoLoop AS (the "Company"). The Presentation has been prepared for information purposes only, and does not constitute or form part of, and should not be construed as, any offer,
Slide 3: Agenda
Agenda I Executive Summary II Introduction to Ocean GeoLoop III Industrialising disruptive technologies IV Roll out strategy and key financials V Market overview VI Appendix and risk factors 3
Slide 4: The combined climate, environment and resource crisis is a major challenge
The combined climate, environment and resource crisis is a major challenge and needs a holistic solution Escalating emissions increase the Man-made emissions causing A growing world population requires an global temperature, resulting in a ecosystem collapse and loss of increasing amount of sustaina
Slide 5: Copying nature to bypass costly and polluting processes
Copying nature to bypass costly and polluting processes 1 Point source carbon capture unit 2 GeoLoop Column unit • Captures CO2 from a point source emitter and can turn it into a pure, • A multi-functional, ocean-based liquid state. dome-system enabling biomass • Can be delivered as a service, produ
Slide 6: Carbon Capture by Nature
The proprietary point-source carbon capture technology can capture close to 100% CO 2 1 from flue gas, is 100% free from toxins and harmful chemicals and the company has an ambition to make it 100% self-financed by 2024 via the e-Loop The patented GeoLoop Column is a proprietary multi-functional oce
Slide 7: Agenda
Agenda I Executive Summary II Introduction to Ocean GeoLoop III Industrialising disruptive technologies IV Roll out strategy and key financials V Market overview VI Appendix and risk factors 7
Slide 8: Ocean GeoLoop is established to commercialize green, disruptive technologies
Ocean GeoLoop is established to commercialize green, disruptive technologies with a global reach Our solutions are aimed at solving the greatest challenge of our time; a combined climate, environment and resource crisis Based on more than 15 years of research & development together with internationa
Slide 9: Actively maturing the product portfolio
Actively maturing the product portfolio Main services delivered Technology Current Envisioned status Tool to clients maturity status end-22 - Process tested, calculated - On time installation of and verified by SINTEF main carbon capture Verification procedures Point-source carbon - Industrial pilot
Slide 10: Subsidiary and selected partners
Subsidiary and selected partners Established a strong industrial partnership LOI signed and considering potential and OGL´s main piloting partner applications for CCS LOI LOI Reputed research partner with a wide range Has an ambition to be the world´s first of specialists within OGL´s core areas car
Slide 11: Energi Teknikk AS - subsidiary of Ocean GeoLoop
Energi Teknikk AS - subsidiary of Ocean GeoLoop …accelerated by investment in …providing multiple benefits for Maturing of game-changing e-Loop… Energi Teknikk AS… Ocean GeoLoop • e-Loop is a novel technology enabling clean electricity production by using low The acquisition ensures access to qualit
Slide 12: Energi Teknikk as a business
Energi Teknikk as a business The company Technology Finance Q1 • Energi Teknikk has 24 employees within • ET Pelton Revenue Q1 NOK 20.8 million sales, design, project, engineering, service, site erection, commissioning and management. The company has delivered electromechanical (EM) supply to over 2
Slide 13: Management with diverse and complementary industry backgrounds
Management with diverse and complementary industry backgrounds to take the company through to full commercialization Chief Executive Officer – Odd Geir Lademo Chief • Financial Officer – Maria Terese Hosen • More than 25 years of experience in SINTEF and NTNU. Research Manager in • 18 years of exper
Slide 14: Active and experienced Board of Directors
Active and experienced Board of Directors Chairman – Anders Onarheim Board Member – Hans Kristian Hustad • CEO BW LPG Ltd • 45 years of experience in running operations & board director/chairman positions in • Chairman North Energy ASA the Nordics, CEE, and UK • Vice chairman Reach Subsea ASA • Prev
Slide 15: Agenda
Agenda I Executive Summary II Introduction to Ocean GeoLoop III Industrialising disruptive technologies IV Roll out strategy and key financials V Market overview VI Appendix and risk factors 15
Slide 16: Point source carbon capture
1 Point source carbon capture Point source carbon capture 100% capture 100% clean 100% self-financed Can capture close to 100% of CO 2 The capture and separation of CO 2 Our ambition is to make this from the flue-gas from flue-gas uses no harmful possible via the embedded chemicals, no toxic materia
Slide 17: Steps towards self-financed carbon capture
1 Point source carbon capture Steps towards self-financed carbon capture Illustrative marginal cost of carbon capture (per ton) Comments Conventional processes Ocean GeoLoop The first pilot under installation at Norske Skog Skogn. To be commissioned end Q2 2022 End-of-pipe: Minimal integration with
Slide 18: The technology has been de-risked and industrial pilot will be commissioned
1 Point source carbon capture The technology has been de-risked and industrial pilot will be commissioned ultimo Q2 2022 at Norske Skog Skogn (NSS) De-risked through several measures Industrial pilot at Norske Skog Skogn • Theoretical studies, numerical simulations and experimental testing with the
Slide 19: Selected storage and utilization options
1 Point source carbon capture Selected storage and utilization options Captured CO2 Storage alternatives (CCS) Planned usage (CCU) • Separation of CO2 from flue gas and compression of CO2 into • Green Ethanol: Produced with GeoLoop CO2, water and e- liquid state for storage in sub sea-floor/aquifers
Slide 20: Introducing the GeoLoop Column
2 GeoLoop Column Introducing the GeoLoop Column A multi-functional ocean- Current status based system • Biomass generation via filtering process, • Pilots in the mid-Norway completed in farming and harvesting 2021 to identify optimal locations for • Ocean filtration biomass production • Buoyancy neu
Slide 21: The GeoLoop Column provides two potential revenue streams
2 GeoLoop Column The GeoLoop Column provides two potential revenue streams GeoLoop Column Biomass Cleaning the ocean • The GeoLoop Column is designed to capture and harvest • GeoLoop Column can provide services such as ocean marine biomass purification and oxygenation, and is expected to have • Ocea
Slide 22: The enabler, a new marine biomass resource: Tunicates
The enabler, a new marine biomass resource: Tunicates powering the carbon capture and e-Loop Tunicates • Unique, nanofibrillated cellulose from the only cellulose-producing animal in the ocean, the tunicate • Developed by Ocean Tunicell in Bergen, and exclusively licensed to Ocean GeoLoop, for GeoLo
Slide 23: Agenda
Agenda I Executive Summary II Introduction to Ocean GeoLoop III Industrialising disruptive technologies IV Roll out strategy and key financials V Market overview VI Appendix and risk factors 23
Slide 24: Ocean GeoLoop presents a clear 2025 vision
Ocean GeoLoop presents a clear 2025 vision… > 25 million tons of annualized by 2025 CO2 capture contracted Source: The Company 24
Slide 25: Attractive and scalable business model with multiple revenue streams
Attractive and scalable business model with multiple revenue streams Business model Product Revenue stream Build-Own-Operate to capture • Revenue per ton CO2 BOO upside and recurring revenues Point captured enabled by low CapEx and OpEx Source • Generation 3: self- Capture financed through locally p
Slide 26: High level timeline for the entire business rollout
High level timeline for the entire business rollout → 2022 2023 → Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Pilot at Norske Skog Skogn Construction & Commissioning Installation Carbon Capture Process start-up and optimization Subject to firm contract, construction of first commercial unit Large scale e-Loop pilot e-L
Slide 27: Expected LCOC for a large-scale carbon capture facility
1 Point source carbon capture Expected LCOC for a large-scale carbon capture facility * Comments USD per ton 60 Includes all energy cost needed to capture the CO2 40 Includes integration with the emitter for Generation 1 20 Does not include compression and temporary storage Numbers for Gen 1 are bas
Slide 28: Agenda
Agenda I Executive Summary II Introduction to Ocean GeoLoop III Industrialising disruptive technologies IV Roll out strategy and key financials V Market overview VI Appendix and risk factors 28
Slide 29: Market potential Ocean GeoLoop
Market potential Ocean GeoLoop CO2 is a valuable resource that can be utilized in several markets, representing significant revenue for Ocean GeoLoop. Market options less dependent of ETS quota price. Revenue streams from both carbon capture and utilization CCU CCS The carbon price is rising, leadin
Slide 30: Domestic focus markets for Ocean GeoLoop
Domestic focus markets for Ocean GeoLoop Source: IEA – CCUS in Clean Energy Transitions, Refinitiv, The Company 30
Slide 31: Agenda
Agenda I Executive Summary II Introduction to Ocean GeoLoop III Industrialising disruptive technologies IV Roll out strategy and key financials V Market overview VI Appendix and risk factors 31
Slide 32: Rapid growth and multiple milestones reached since inception
Rapid growth and multiple milestones reached since inception 1998 2010 2016 2020 H2 2020 H2 2021 Tunicate R&D Tunichor AS OceanBergen AS Ocean-GeoLoop AS: Established LoI with Norske Skog Skogn, EPC of mobile CC pilot facility for initiated and funded established by the established: 49/51 by Hans Gu
Slide 33: Ocean GeoLoop
Ocean GeoLoop MAY 2022