Nordic Mining and StatoilHydro have entered into a cooperation agreement for development of new technology for capture of CO2 in minerals.
The agreement comprises a joint program for development and testing of the use of CO2 in processing of various minerals, hence increasing the value of the extracted minerals. Further, this may contribute to reduction of CO2 to the atmosphere. New commercial mineral products may emerge from the technology development.
StatoilHydro and Nordic Mining shall jointly explore possibilities, conduct laboratory tests, and design a pilot plant which could lead to further industrial activity. The companies intend to utilise the experience and competence available in Norwegian and Nordic knowledge institutions.
Initially, the scope of work includes testing and development based on Nordic Mining's anorthosite deposit in Gudvangen in the Sogn and Fjordane county.
Further, the companies will explore possibilities of CO2 capture, utilising eclogite from the Engebøfjellet rutile deposit, also in Sogn and Fjordane.
"Recent development reveals great potential in utilising CO2 as an active ingredient in mineral processing. This creates exciting opportunities for Norway with substantial mineral resources and CO2 available," says CEO Ivar S. Fossum, Nordic Mining.
"The agreement is a part of our focus and initiatives related to new alternatives for carbon capture from energy production. A main goal in the project is to transfer CO2 from waste to a valuable product," says Brage W. Johansen, StatoilHydro New Energy.
For questions please contact CEO Ivar S. Fossum, Nordic Mining on telephone +47 - 930 96 850, or information manager new energy Øistein Johannessen, StatoilHydro New Energy on telephone +47 - 970 79 693.
Oslo, 1 September 2008
Nordic Mining ASA