June 29, 2010 – News Release: Geogreen and ArcelorMittal in a partnership for carbon geological storage

Rueil-Malmaison, june 29, 2010 – Aiming to facilitate ArcelorMittal’s efforts to fight climate change and within the framework of the European ULCOS II programme(Ultra–Low Carbon dioxide Steelmaking), Geogreen has acquired a minority equity share of ArcelorMittal GeoLorraine, which has recently filed an exploration permit application for the research of suitable geological storage areas.

Along with its share in ArcelorMittal GeoLorraine, Geogreen has been awarded a position on its Board of Directors and a representative from Geogreen will serve as Deputy General Manager

Geogreen brings to the ULCOS II partnership its inherent skills and know-how relating to the engineering of the transport, and the long-term management of carbon dioxide via geological storage.

The permit application, which has recently been filed with relevant French authorities, covers portions of the Departments of Meuse, Meurthe-et-Moselle, and Moselle. If the exploration permit is awarded, the goal of this phase, which would take place between 2011 and 2014, is to complete the existing document-based analysis and to acquire additional geological data so as to confirm that the areas under consideration are indeed appropriate for CO₂ storage.

If the results from this exploration phase are positive and the relevant authorities award the corresponding injection license, CO₂ would be stored within deep geological layers demonstrated as having the properties requisite for guarantying that storage, with respect to safeguarding human health and the environment over the long term. The geological targets under investigation are saline aquifers situated at depths greater than 1,000m.

Within ArcelorMittal GeoLorraine Geogreen role during the confirmation phase will be to assist and manage all operations and studies relating to the sub-surface. In the case that an injection license is granted, Geogreen will participate in operations and maintenance of the CO₂ transportation and storage parts of the project.

June 2010 – Joint report on CCS status from IEA-CSLF-GCCSI to the Muskoka 2010 G8 summit region mentions Geogreen's storage gap analysis study for policy makers performed on behalf of IEA GHG and GCCSI

Storage gap analysis for policy makers performed by Geogreen on behalf of IEA GHG and Global CCS Institute (GCCSI) has been mentioned in the joint IEA-CSLF-GCCSI report to Muskoka 2010 G8 Summit. The objective of this report is to informed G8 members on progress, needs and next steps of CCS technology deployment.

June 2010 – ArcelorMittal in partnership with Geogreen anounced its request for a CO₂ storage permit in the Lorraine region

ARCELORMITTAL press release :

Luxembourg, 11 June 2010 - With a view to contribute to the efforts to fight climate change, ArcelorMittal pursues the preparation of its carbon dioxide (CO₂) capture, transport and storage project in the Lorraine region by filing a research permit request for the geological storage of CO₂. This project is launched in the framework of the European ULCOS (Ultra–Low Carbon dioxide Steelmaking) programme.

Following information and dialogue steps with stakeholders and subject to approval by the relevant authorities and to obtaining the required financing, the ULCOS project will be implemented at the ArcelorMittal Florange plant for the capture part and in a zone to be determined in the Lorraine region for the storage part.

Following its capture, the CO₂ will be transported in a buried pipe to be stored inside geological layers offering the properties and guarantees required for very long term confinement without risk for health or environment. The storage layers under study are saline aquifers at a depth of more than 1,000 meters.

A request has just been filed with relevant French authorities for a research permit covering portions of the Meuse, Meurthe-et-Moselle and Moselle departments. The goal of this exploration phase, which will take place between 2011 and 2014, is to complement document-based analysis and to acquire geological data on the ground to confirm that the potential considered zones are indeed appropriate for CO₂ storage.

The request for a permit was filed in partnership with Geogreen, a subsidiary of the French Geological Survey (BRGM), IFP and Géostock. BRGM is also a partner of the project.

April 2010 – IEA GHG has chosen Geogreen to perform a gap analysis study for policy makers on CO₂ storage Blue Map development objectives

The International Energy Agency Greenhouse Gas R & D Programme (IEA GHG) on behalf of the Global CCS Institute (GCCSI) wishes to have an external review of the Bluemap CCS development objectives in 2020 and beyond. The Bluemap scenario defines energy technology mix target up to 2050 that should lead to a global warming below 2°C. The study that Geogreen shall perform is aimed at policy makers. Geogreen will identify way forward to match this CCS development objective.

February 2010 –Geogreen has been chosen by KAPSARC to perform a study on the development of a carbon capture and sequestration (CCS) framework in the Kingdom of Saudi Arabia

Geogreen will work in partnership with the newly established King Abdullah Petroleum Studies and Research Center (KAPSARC) to deliver a project on the definition of a CCS framework in the Kingdom of Saudi Arabia. The main deliverables from this 18 month project are a report on CCS development opportunities in the Kingdom as well as the building of a geographical based decision support tool for CCS deployment in Saudi Arabia. The French institute of petroleum (IFP) and the French geological survey (BRGM) as well as the King Fahd University of Petroleum and Minerals (KFUPM) will work jointly with Geogreen on this study.

December 2009 –Launch of the European CO₂ transport project "COCATE"

The Cocate European research project, starting in January 2010, tackles the problems of rolling out a shared transportation infrastructure capable of connecting geological storage sites with various medium size CO₂-emitting industrial facilities located within a close geographical proximity.

Led by IFP, the project brings together eight other research and industrial partners: the Le Havre Region Development Agency, Geogreen, Accoat, Sintef-ER, DNV, TNO, Port of Rotterdam NV and SANERI.

See press release

November 26^th, 2009 – Geogreen and Gilles Munier quoted in an "Usine Nouvelle" article

An article called "CO₂ capture and storage going industrial" and published by french newspaper "Usine Nouvelle" quoted Geogreen CEO Gilles Munier. It gives a quick overview of undergoing CCS projects and on R&D status. It also focus on CCS potential market and international CCS development framework.

November 2009 – Geogreen sponsored two conferences on CCS

Geogreen sponsored the 3^rd international symposium "Capture and geological storage of CO₂" organised by IFP, ADEME and BRGM November 5_^th and 6^th in Paris. During this event, Gilles Munier, Geogreen CEO made a speach on CO₂ valuation and storage.

Geogreen also sponsored SPE international conference on " CO₂ capture, storage and utilization" November, 2^nd and 4^th in San Diego, California.

October 29^th, 2009 – "Commerce International" magazine publishes an interview of Gilles Munier

Commerce International magazine interviewed Gilles Munier, Geogreen's CEO. In this article named "A tactical partnership to reduce CO₂ emissions" Gilles Munier gives insights about Geogreen activities and vision of CCS implementation.

October 14^th, 2009 – Presentation of Geogreen to Mrs Jouanno, secretary of states for environment

Gilles Munier, CEO, discussed about Geogreen’s international development strategy and the relevance of the creation of a company targeting a future market and having public and private shareholders during Mrs Jouanno visit to IFP. The aim of the visit was to present clean fuels and electric vehicles.

Octobre 2009 – Pierre Le Thiez interviewed by "Le Monde Economie"

Pierre Le Thiez, executive vice president of Geogreen, is quoted in the french newspaper "le Monde Economie" in an article dealing with CO₂ underground storage market.

October 2009 – Gilles Munier interwied by CleanTech republic

Gilles Munier, CEO, expressed Geogreen's vision of CCS development in an Interview for CleanTech Republic.

September 2009 – A new pre-selection storage sites study is launched

Geogreen launches a new storage site selection in saline aquifer for a European power producer.

September 2009 – Geogreen in CCS SPE workshop in Cadiz (Spain)

Geogreen is present at the SPE forum in Cadiz, Spain. The main objective is to outline CCS implementation potential in O&G from upstream to downstream.

August 2009 – Geogreen establishes CCS dedicated courses jointly with IFP Training and ENEA consulting

Geogreen will give three courses in 2010 IFP Training catalogue. A first one given jointly with ENEA consulting will focus on CCS general issues (21 - 22, June 2010). Another one is aimed at providing CCS technical and economical evaluation tools to project managers (23 - 24, June 2010). The last one will concern storage site selection sub-surface issues (4 - 5, November 2010).

August 2009 – Geogreen starts a "capture ready" study for an Eastern Europe power company

Geogreen will perform a "capture ready" study for an Eastern Europe power supplier. On top of specifics issues linked to CO₂ capture unit implementation on a power plant site, the "capture ready" concept aims at identifying one or more potential storage site as well as associated CO₂ transport scenarios (transport and storage techno-economical prefeasibility study).

June 2009 – Geogreen chairs 2 round tables at European Future Energy Forum of Bilbao (Spain)

Geogreen chairs two round tables at European Future Energy Forum of Bilbao 9-10 june. The first round table discusses the possibility of different Business Models to be part of an industrial basin integrated CCS network. Second round table debates about the incentives of CCS implementation.

June 2009 – Geogreen moves into its new facilities

In order to cope with its expanding activities Geogreen moves to its new offices still located in Rueil-Malmaison. A new development era starts for Geogreen.

June 2009 – 5^th Trondheim international conference on Carbon capture, transport and storage

Preliminary results of the Bio CSS study performed jointly with BRGM and University of Orleans have been presented on 2 posters (life cycle and economical analysis, preliminary sub-surface analysis).

May 2009 – Geogreen has signed a cooperation agreement with IPF

IPF( Fundación Instituto Petrofísico, Madrid) and Geogreen have signed a cooperation agreement opening new development axis in Spain for both entities.

May 2009 – Geogreen participates to a debate about CCS organised by French academy of science

March 2009 – Veolia Environnement chose Geogreen to lead a potential CO₂ storage site characterization.

February 2009 – Geogreen participates to R&D projects selections organised by US DOE

Frontier Research Centers Review panel

November 200 – Geogreen and Veolia Environnement co-partners for a CCS demonstration project.

September 2008 – Geogreen will perform a BioCCS pre feasibility study in partnership with BRGM and University of Orléans

This study aims at evaluating CCS implementation on a bio ethanol production unit through a case study. It concerns a specific implementation of Bio CCS concept which consist in capturing, transporting and storing CO₂ resulting from biomass fermentation and/or combustion processes. This CO₂ is considered as neutral since biomass absorbs it from the atmosphere for its growth via photosynthesis. It is then sent back to the atmosphere during biomass transformation. In specific conditions, Bio CCS can even create artificial carbon sinks.

August 1^st, 2008 - Press Release

Technip and Geogreen announce Carbon Capture and Storage (CCS) agreement

Geogreen concluded on August 1st, 2008, a non exclusive partnership with Technip aiming at providing their clients with integrated upfront engineering studies on the whole CCS chain. It strengthens the positions of both companies on this high-potential market.

July 2008 – Launching of carbon pooling studies in partnership with TNO

Geogreen is happy to announce the start of carbon pooling studies on different large CO2 emissions industrial sites. These studies shall be performed in partnership with the Dutch Research Centre TNO, which has been very active in the field of CCS for several years.  The port of Le Havre in France is among the concerned industrial sites.

July 2008 – Launching of a global upfront orientation study for Petrobras (Brazil)

A contract was concluded with the Brazilian oil and gas company Petrobras in the filed of upfront studies, in the framework of their PROCLIMA initiative. Geogreen shall perform a strategic orientation study on present and future Carbon emissions Petrobras.

April 16^th, 2008 – Pierre le Thiez, Deputy General Manager of Geogreen,
distinguished by the Department Of Energy (US DOE)

During CSLF (Carbon Sequestration Leadership Forum) technical meeting which was held in Dhahran (Saudi Arabia), Pierre Le Thiez has been rewarded by the DOE for his coordination of the CASTOR project. This project was aimed at proposing technologies enabling capture and sequestration of 10% of CO₂ emissions in Europe.