GREEN TRANSITION HOLDING

Yinson Production partners with Carbon Circle to advance Carbon Capture Solutions

Tue, 09 Sep 2025 14:44:12 GMT

Yinson Production has entered into a cooperation agreement with Carbon Circle AS to explore and deliver carbon capture projects as part of its broader carbon capture and storage (CCS) solutions.

Under this agreement, the parties will focus on developing carbon capture as a service (“CCaaS”) for industrial emitters in Europe. The cooperation aims to capture CO₂ from chemical and combustion processes for subsequent transport and permanent geological storage, supporting emitters in their decarbonisation journeys while contributing to regional and global sustainability goals.

This collaboration builds on the successful execution and delivery of the world’s first offshore post-combustion carbon capture unit, installed onboard Yinson Production’s Agogo FPSO. Carbon Circle will contribute its portfolio of modular post-combustion carbon capture facility designs, suitable for a wide range of industrial applications. These technologies will complement Yinson Production’s CCS strategy, enhancing its ability to provide integrated decarbonisation solutions.

Full Press Release here

For media inquiries, please contact:

Carbon Circle AS
Kristian Kjæstad

Chief Development Officer

+47 414 42 895

kristian@carboncircle.com

Yinson Production

Vladimir Guevarra

Head of Communications

vladimir.guevarra@yinson.com

Private Placement Successfully Placed

Wed, 20 Aug 2025 13:03:43 GMT

Green Transition Holding AS is pleased to announce that a Private Placement has been successfully placed, through an allocation of 19,569,500 of new shares in the Company at a subscription price of NOK 1 per Share, for gross proceeds of NOK 19.5 million.

The net proceeds from the Private Placement will go to support project development and sales costs in GTH Group companies, as well as for general corporate purposes.

For more information, please contact:
Eirik Flatebø, Chairman of Green Transition Holding

Email: eirik.flatebo@pharosadvisors.no

A Green Light for Clean Energy: Varme Secures AUC Approval

Wed, 02 Jul 2025 13:47:42 GMT

The Alberta Utilities Commission (AUC) has officially greenlit Varme Energy’s plan to build a waste-to-energy facility in Strathcona County. This approval marks a major milestone in bringing clean energy innovation to Alberta.

Who is the AUC?

The AUC is Alberta’s independent regulator responsible for approving new power generation projects. Without its approval, no power plant can be built or operated in the province. The AUC’s approval of Varme’s permit marks an important step in making this project a reality.

What this means for Varme’s future

With the AUC’s green light, Varme is now focused on finalizing commercials and financing to enable shovels to hit the ground.

Learn more

To learn more about what this means for Alberta’s energy future, read the CBC’s coverage of the approval and the project here.

Carbon Circle and Bilfinger Sign Strategic MOU to Accelerate Carbon Capture Projects Across Europe

Thu, 08 May 2025 14:42:11 GMT

Carbon Circle AS and Bilfinger have signed a Memorandum of Understanding (MOU) to strengthen cooperation in the execution of carbon capture, utilization and storage (CCUS) projects across Europe.

The agreement brings together Carbon Circle’s expertise in front-end engineering and carbon capture systems with Bilfinger’s broad industrial experience and proven capabilities along the entire CCUS value chain. The partnership is aimed at supporting clients with the development and execution of modular CCUS projects — with an initial focus on Northwest Europe and project sizes up to ~500,000 tonnes of CO₂ captured per year.

“This collaboration allows us to expand our delivery capacity and accelerate decarbonization efforts across sectors like waste-to-energy, biomass, petrochemicals, cement, and metallurgy,” said Geir Otto Amundsen, CEO of Carbon Circle AS . “By combining Carbon Circle’s modular carbon capture technology and engineering capabilities with Bilfinger’s proven EPC delivery expertise, we’re strengthening the foundation for impactful and scalable CCUS deployment in Europe.”

Karsten Hoffhaus, Vice President Business Unit Engineering, Plant, Technology at Bilfinger Business Line Energy Transition , added: “Bilfinger has long experience supporting carbon capture projects across multiple industries. This partnership reinforces our commitment to enabling the energy transition through tangible industrial solutions — and Carbon Circle is a natural fit for that mission.”

The MOU outlines a framework for:

- Joint development and execution of CCUS projects

- Shared client engagement and project bidding

- Resource coordination during concept, FEED, and EPC phases

- A pragmatic division of responsibilities across engineering, procurement, fabrication, and site works

The collaboration is expected to create added value for clients by leveraging the strengths of both parties to reduce project risk, increase speed-to-market, and ensure reliable delivery.

The agreement is non-exclusive, the two companies will jointly assess project pipelines, define roles on a per-project basis, and work with local and national stakeholders to advance carbon capture projects from concept to completion.

About Carbon Circle AS
Carbon Circle is a Norway-based engineering and technology company specializing in modular carbon capture systems and EPC services for decarbonization projects across Europe.

About Bilfinger
Bilfinger is an international industrial services provider. The aim of the Group's activities is to increase the efficiency and sustainability of customers in the process industry and to establish itself as the number one partner in the market for this purpose. Bilfinger’s comprehensive portfolio covers the entire value chain from consulting, engineering, manufacturing, assembly, maintenance and plant expansion to turnarounds and digital applications. Bilfinger’s Business Line Energy Transition bundles the company’s extensive experience in carbon capture and energy transition projects. The company supports clients throughout the CCUS value chain — from CO₂ capture to transportation, utilization, and storage.

For media inquiries, please contact:

Carbon Circle AS
Scott Robertson

+44 7591 340001

scott.robertson@carboncircle.com

Bilfinger Business Line Energy Transition
Daniela Heitmann

+49 208 38762-590

daniela.heitmann@bilfinger.com

Carbon Circle Completes Study Contract for Havstjerne CO2 Injection Unit

Sun, 20 Oct 2024 14:48:00 GMT

Preparing the future for large scale injection of CO2

OSLO – October 20, 2024 – Carbon Circle AS continues its involvement with the innovative Havstjerne CO2 Injection License, having recently completed another multidisciplinary engineering contract with Stella Maris CCS. This four-month study included the design of post-combustion CO2 capture units and offshore infrastructure utilities for large-scale CO2 sequestration.

The Havstjerne project is a large-scale initiative to collect liquid CO2 from various locations across Europe, transport it to an offshore injection site, and inject it into a subsea reservoir.

The Havstjerne license (EXL006) is situated in blocks 9/3, 9/6, and 10/4 in the southern NCS, with Harbour Energy holding a 60% operatorship and Stella Maris CCS owning 40%.

Carbon Circle Expands to Canada

Sun, 06 Oct 2024 14:50:52 GMT

Closing Joint Venture agreement with Rangeland Engineering, Calgary Alberta

Calgary (CA) & Oslo (NO) – 6th of September 2024 – Carbon Circle AS and Rangeland Engineering Canada Corp. announce formalization of a joint venture agreement to provide decarbonization solutions and services in Canada.

The newly formed Carbon Circle | Rangeland Joint Venture Ltd. will integrate extensive Carbon Capture and Storage (CCS) expertise with proven Engineering, Procurement and Construction (EPC) project execution methods along with local insight and knowledge to bring carbon capture solutions to the Canadian and international markets; efficiently, effectively and more economically. An organization dedicated to the carbon capture market in Alberta will be established with location Calgary (CA) based on secondment of Norwegian carbon capture experts and project resources from the Rangeland base organization.

Carbon Circle brings commercialization of a wide portfolio of modularized IP designs for post combustion carbon capture over a variation of technologies. Our designs are applicable to a wide range of industries and are considered enablers for our ambitions to partake and invest in project developments within the full CCS value chain from capture to sequestration.

Rangeland Engineering is a full-service engineering, procurement and construction management (EPCM) company based in Western Canada and brings full access to approx. 200 engineers with a drive to develop new and innovative ways to solve challenges, meet regulations and increase productivity.

Carbon Circle achieved a major milestone in August 2024 by delivering the first offshore carbon capture system, to be placed on a production ship in West Africa, providing a great momentum when expanding into Canada.

“We have identified Canada, and specifically the province of Alberta, as one of the most interesting areas globally to successfully implement large scale CCS. The industry is ready, and the framework around CCS is well developed through strong incentive programs. Our mission is to make carbon capture feasible at an acceptable cost, minimizing risk for our clients, and the expansion into Alberta is for us the right step on this mission”, Kristian Kjæstad, SVP Engineering in Carbon Circle.

Carbon Circle | Rangeland Joint Venture Ltd. offerings will also include project structuring and development, financing, feedstock- and offtake agreements in addition to EPC services.

Carbon Circle | Rangeland Joint Venture Ltd.

Suite 300 - 550, 11 Ave SW

Calgary, AB T2R 1M7

https://carboncircle.com

Contacts:

Kristian Kjæstad – SVP Engineering Chet Anand – Director of Sales Canada

Cell: +47 414 42 895 Cell: +1 403 542 5234

kristian@carboncircle.com chet.anand@carboncircle.com

About Carbon Circle

Carbon Circle is a carbon removal and energy EPC specialist supporting clients across a broad range of industries to develop and execute their decarbonization strategies. Carbon Circle offers end-to-end carbon abatement solutions, from initial analysis and planning to EPC and plant delivery - over the entire CCS value chain. We combine our extensive experience in modularized process solutions with CCS competency, ensuring safe, cost-efficient and low-risk project execution.

Carbon Circle’s headquarter is located in Oslo, Norway, and by entering the JV agreement with Rangland Engineering, there will be full access to local EPC services and capacities out of Calgary, Alberta.

About Rangeland Engineering

Rangeland Engineering is a full-service engineering, procurement and construction management (EPCM) company based in Western Canada. Through our client partnerships, industry experience, and use of technology, we’re developing new and innovative ways to solve challenges, meet regulations and increase productivity.

Rangeland Engineering support the entire project lifecycle - from feasibility studies to detailed engineering design to commissioning and start-up. Our complete engineering services include process, pipeline, mechanical, piping, civil, structural, electrical, and instrumentation & control disciplines plus full procurement services.

Throughout all project phases, our engineers partner with clients to simplify process, reduce costs and waste, improve constructability, ensure reliability and optimize design.

Varme receives grant: Turning waste into electricity

Wed, 11 Sep 2024 08:37:24 GMT

With $2.8 million from the industry-funded TIER program, Alberta’s government is advancing Canada’s first industrial-scale waste-to-energy facility using technology.

Click here to read the full new release on alberta.ca

GTH presented its Canadian Carbon Capture and Waste-to-Energy developments at ONS 2024

Thu, 29 Aug 2024 11:08:58 GMT

At ONS 2024, GTH CEO Paal Skoe delivered a presentation that highlighted our groundbreaking work in Canada, focusing on carbon capture and waste-to-energy. The presentation showcased GTH's innovative approaches to addressing environmental challenges through sustainable energy solutions.

GTH’s presence at the conference underscored our commitment to advancing sustainable energy solutions, particularly through our projects in Canada. These projects are setting new benchmarks in the fields of carbon capture and waste-to-energy. By sharing our experiences and successes, GTH hopefully contributed to the ongoing dialogue about the future of energy at one of the industry's most important gatherings.

In addition to the presentation, GTH was prominently featured at the conference with Carbon Circle’s stand, where they further engaged with industry experts and showcased their latest technological and corporate advancements. The interest for CCS was definitely high among conference participants.

Click here to rea d the full presentation fro m Paal Skoe

GTH participates in several events at Arendalsuka 2024

Thu, 15 Aug 2024 13:16:25 GMT

GTH participated in several key events during Arendalsuka 2024, a prominent forum for discussing societal issues in Norway. These events provided an excellent opportunity for GTH to meet and discuss with industry leaders in various sectors related to the green transition.

GTH took part in a debate hosted by Thommessen, which focused on how Norway could position itself as a leader in the green shift. This event gathered insights from various stakeholders in the renewable energy sector. The event can be seen here .

In addition, GTH was featured in a podcast by Polyteknisk Forening, which explored the role of carbon capture and GTH’s work in this area. The discussion provided thoughtful perspectives on the challenges and opportunities within CCS in Norway, as well as globally. Listen to the podcast here .

Ecvio is acquired by the Trosvik Group

Fri, 14 Jun 2024 11:06:58 GMT

Oslo / Akland / Brevik – June 14, 2024 – Ecvio, previously a wholly-owned environmental technology subsidiary of GTH, becomes part of Trosvik Maritime and changes its name to Trosvik Energy.

GTH steps in as a strategic owner in the Trosvik Group and will ensure close cooperation between Trosvik and the companies in the GTH group through active ownership. Trosvik and GTH see significant project synergies and growth opportunities in renewable energy production, focusing on waste incineration and carbon capture.

The Trosvik Group aims to develop new technological solutions that can contribute to a more sustainable industry. The company is working on developing new environmentally friendly solutions in shipping, aquaculture, and the energy sector. The cooperation now established with GTH highlights that the company is taking an important step forward and positioning itself towards green and sustainable industrial production.

"This is a step forward for customers and employees. We are strengthening our competitiveness, delivery capacity, and securing jobs at Akland," says Frode Bjørntvedt, Managing Director of Trosvik Energy

"For GTH, we see this as an important milestone in our business development. As a result of this cooperation, we gain significant industrial strength that will help realize our projects and contribute to sustainable energy production," says Geir Otto Amundsen, Director at GTH.

"We at Trosvik are very much looking forward to the journey together with Ecvio and the GTH family and are excited to get to know both employees and customers in what will now become Trosvik Energy," says Jan Brønsten, CEO of Trosvik, in conclusion.

For more information, contact:
Geir Otto Amundsen, Director at GTH and Board Member of Trosvik Energy
goa@green-th.com +47 90600559

GTH subsidiary Varme Energy announce strategic partnership with Canada Growth Fund and Gibson Energy

Tue, 11 Jun 2024 11:09:37 GMT

CANADA GROWTH FUND, GIBSON ENERGY AND VARME ENERGY ANNOUNCE STRATEGIC PARTNERSHIP TO ADVANCE CANADIAN WASTE-TO-ENERGY PROJECT

Edmonton, June 11, 2024 –Canada Growth Fund Inc. (“CGF”), Gibson Energy Inc. (TSX: GEI) (“Gibson”), and Varme Energy Inc. (“Varme”) are pleased to announce a strategic partnership (the “Partnership”) to accelerate the development of Canada's first waste-to-energy facility with carbon capture technology (the “Project”). If successful, the Project will be located on Gibson land in the Heartland-area and will have the capability to process 200,000 tonnes per annum of municipal solid waste, diverting residential garbage from landfill. Such waste will be received pursuant to a 15-year contract that has been entered into by Varme and the City of Edmonton.

This proposed greenfield waste-to-energy facility, which would be constructed by the Partnership and operated by Gibson, would have integrated carbon capture equipment enabling the Project to combust municipal solid waste and produce carbon-negative electricity. A front-end engineering and design (“FEED”) study is underway, and a final investment decision (“FID”) by the Partnership is planned in early 2025, with commissioning targeted in 2027 .

The Project supports the advancement of technologies fundamental to achieving a net-zero electricity grid across the country. Integrated waste-to-energy and Carbon Capture and Storage (“CCS”) has significant potential to be replicated in municipalities across Canada and to put Canada in a position to export this expertise globally. By accelerating local waste diversion, the Project will increase the supply of carbon negative electricity in Alberta by avoiding harmful methane emissions. Governments globally, including the Government of Canada and the Government of Alberta, have identified rapid reductions in methane emissions as key to limiting near-term climate impacts.

The Partnership will collaborate to advance the development of the flagship Heartland project. Pursuant to the terms of the Partnership, should the Project reach a positive FID, Gibson, CGF and Varme would have a 50 percent, 40 percent and 10 percent ownership interest, respectively. In addition, CGF would provide a carbon price assurance mechanism in the form of a Carbon Credit Offtake (“CCO”) to purchase up to 200,000 tonnes per annum of compliance grade carbon credits generated by the Project at an initial price of $85 per tonne for a term of 15 years. The Project would retain the ability to sell up to 100,000 tonnes per annum of carbon emission reductions into alternative carbon markets, including as Bioenergy with CCS (“BECCS”) atmospheric carbon removal credits. The features of the proposed CCO, notably its large scale and its long-term fixed-price, build on CGF’s past transactions and help to de-risk and accelerate private CCS investment by establishing revenue certainty for Canadian projects. The Project benefits from this innovative CCO structure by having its compliance carbon credits de-risked while retaining the ability to sell high value carbon dioxide removal credits to leading corporations and brands.

About CGF

CGF is a $15 billion arm’s length public investment vehicle that helps attract private capital to build Canada’s clean economy by using investment instruments that absorb certain risks in order to encourage private investment in low carbon projects, technologies, businesses, and supply chains.

CGF makes strategic investments to help Canada to meet the following national economic and climate policy goals:

a) reduce emissions and achieve Canada’s climate targets;

b) accelerate the deployment of key technologies, such as low-carbon hydrogen and CCS;

c) scale-up companies that will create jobs, drive productivity and clean growth across new and traditional sectors of Canada’s industrial base;

d) encourage the retention of intellectual property in Canada; and

e) capitalize on Canada’s abundance of natural resources and strengthen critical supply chains to secure Canada’s future economic and environmental well-being.

Further information on CGF’s mandate, strategic objectives, investment selection criteria, scope of investment activities, and range of investment instruments can be found on www.cgf-fcc.ca .

About CGF Investment Management

In Budget 2023, the Government of Canada announced that PSP Investments, through a wholly owned subsidiary, would act as investment manager for CGF. CGF Investment Management has been incorporated to act as the independent and exclusive investment manager of CGF.

About Gibson

Gibson is a leading liquids infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products. Headquartered in Calgary, Alberta, Gibson’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside, Texas, and a facility in Moose Jaw, Saskatchewan.

Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com .

About Varme

Varme, a subsidiary of Norwegian-based Varme Energy AS, is the first Canadian energy development company focused on waste-to-energy with integrated CCS. Varme leverages access to capital and proven experience from its European partners to maximize the success of its Canadian projects. By diverting waste from landfills, recovering the energy trapped in our waste and producing clean energy, Varme Energy is building a future free from landfills. For more information, visit https://www.varmeenergy.com .

Advisors

MLT Aikins LLP acted as advisors to Varme Energy Inc.

CGF Media Relations

mediacgf@cgf-fcc.ca

Gibson Investor & Media Relations
investor.relations@gibsonenergy.com
communications@gibsonenergy.com

Varme Media Relations
sean@varme.ca

Forward-Looking Information

Certain statements and information contained in this press release constitute forward-looking information (as such term is defined under Canadian securities laws). All statements other than statements of historical fact are forward-looking information. The use of any of the words ‘‘anticipate’’, ‘‘plan’’, ‘‘continue’’, “target”, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘propose’’, ‘‘might’’, ‘‘may’’, ‘‘will’’, ‘‘shall’’, ‘‘project’’, ‘‘should’’, ‘‘could’’, ‘‘would’’, ‘‘believe’’, ‘‘predict’’, ‘‘forecast’’, ‘‘potential’’, “goal”, “seek”, and ‘‘opportunity’’ and similar expressions expressing future outcomes or statements regarding an outlook are intended to identify forward-looking information.

Forward-looking information contained in this press release includes, but is not limited to, information regarding the potential development of the Project and its expected activities, capabilities and outcomes, timing and capital costs related to the Project, the expected impact of the Project on net-zero goals, methane emissions and overall climate impacts, the scalability of the Project and demand therefor both in Canada and on a global level, an investment in the Project by CGF and/or Gibson and the ownership interests resulting therefrom.

The forward-looking information contained in this press release reflects beliefs and assumptions with respect to the outlook for economic and industry trends, commodity prices, capital markets, interest rates, the regulatory and legal environment, climate-related matters, and the timing and financial impact of certain events. The Partnership believes that its assumptions and analysis in this press release are reasonable; however, no assurance can be given that these expectations will prove to be correct.

Actual results could differ materially from those anticipated in such forward-looking information as a result of factors outside of the Partnership’s control and due to the risks and uncertainties described under the heading “Risk Factors” in Gibson’s current management’s discussion and analysis and Annual Information Form, in each case as filed on SEDAR+ at www.sedarplus.ca and available on its website at www.gibsonenergy.com . Readers should refer to “Forward-Looking Information” and “Risk Factors” included in such documents. Readers are cautioned that there may be risks that are unknown and other risks that may pose unexpected consequences. As such, forward-looking information included or referred to in this press release should not be unduly relied upon. The forward-looking information included or referred to in this press release is expressly qualified by this cautionary statement and is as of the date hereof. The Partnership does not undertake any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

GTH subsidiary Varme Energy Signs 15-year Waste Agreement with City of Edmonton

Thu, 25 Jan 2024 14:31:29 GMT

Varme Energy Inc., a subsidiary of GTH, has signed a waste agreement with the City of Edmonton.

Scheduled to start by 2027, the initiative aims to divert 150,000 tonnes of residential waste from landfills each year. The project will see the construction of an advanced waste-to-energy facility in Edmonton, focused on sustainable waste management, energy generation and CCS.

This facility, the first of its kind in Canada, will integrate industrial-scale waste-to-energy processing with carbon capture technology.

Andreas Karlsen, CEO of Varme Energy, highlighted the project's environmental and operational goals: “This agreement is an important step for in developing waste-to-energy facility, which will divert about 5 million tonnes of waste from landfills and capture 4.5 million tonnes of CO2 over its lifetime, approximately 190,000 tonnes of CO2 per year.”

The initiative is expected to create around 250 to 300 jobs during its construction and operational stages, showcasing the potential of public-private partnerships in environmental innovation.

Varme Energy is exploring further opportunities in Canada and anticipates making more announcements about this and other waste-to-energy projects soon.

Click here to read the joint press release for more information.

GTH subsidiary Carbon Circle secures investment from Amplus Energy

Wed, 01 Nov 2023 12:49:42 GMT

(Oslo, 1st November 2023) Carbon Circle AS has secured an equity investment from Amplus Energy Services Ltd. in the UK.

Carbon Circle is already established in the Norwegian carbon capture sectors and the new entity Carbon Circle UK is poised to drive the emerging carbon capture market in the UK with the aim to become a major energy transition employer in Aberdeen.

“We are excited by our partnership with Amplus Energy, a collaboration set to enhance the growth and innovation of the carbon capture sector in the UK. The UK government’s significant commitment of £20 billion to Carbon Capture and Storage (CCS) is a testament to the strategic importance of CCS technologies in achieving national net-zero ambitions. With the support and expertise of Amplus Energy, Carbon Circle is ready to be a major contributor in the UK’s carbon capture sector”, says Aslak Hjelde, CEO of Carbon Circle.

Amplus Energy has established itself as a provider of global field development services and possess deep domain knowledge and wide-ranging contacts within the UK energy industry that will add significant support to the growth of Carbon Circle UK. The company’s services cover all aspects from project launch to completion, including investment and financial solutions.

“Amplus are excited by this opportunity to participate within the Energy Transition in the UK through bringing our client focused, innovative approach to project delivery coupled with the “best-in-class” domain knowledge and significant EPC experience already assembled within Carbon Circle. The creation of Carbon Circle UK brings a new, innovative Carbon Capture EPC partner into a UK market with huge potential.” says Ian Herd, Managing Director at Amplus Energy.

Carbon Circle is a provider of energy transition solutions covering all facets of EPC projects and is already working on front end engineering and design (FEED) studies for the de-carbonisation of two major industrial sites in the UK. Carbon Circle has secured significant orders in both Norway and Canada.

For further information, please contact:

Paal Skoe, CEO Green Transition Holding

Email: paal.skoe@green-th.com

Phone: +47 971 33 431

About Carbon Circle

Carbon Circle is a project development and EPC house addressing the large demand for carbon reduction and energy transition solutions globally. Carbon Circle has a highly experienced EPC team with decades of energy and carbon abatement experience. Carbon Circle offers tailored end-to-end solutions to the energy industry and large-scale emitters looking to reduce their footprint and actively participate in the race to zero. www.carboncircle.com

About Green Transition Holding

Green Transition Holding (GTH) is a project developer and asset owner within the EfW and bio energy space. Our mission is to develop and commercialize innovative technologies that improve the sustainability of industries. Through our Group Companies we offer a proven EfW technology and more than 30 years of industrial experience in constructing, developing, and maintaining waste and energy assets. GTH was listed on the NOTC list in December 2020 and holds the ticker code GTH.

About Amplus Energy

Since being formed in 2008, Amplus Energy has consistently developed new, more agile ways to discover and deliver smarter methods of global field development in the oil and gas industry, using a range of floating solutions. Headquartered in Aberdeen, the company has a highly experienced and connected core team with expertise in management, safety, operations, technology and investment, and has established itself as a pivotal partner in creating specialised and viable asset development strategy, from concept to completion. www.amplus-energy.com

GTH subsidiary Varme Energy Canada secures equity investment

Wed, 25 Oct 2023 11:57:33 GMT

Finnish consulting and engineering company Elomatic makes equity investment in Varme Energy Canada

EDMONTON October 25th — Varme Energy Canada is proud to announce an equity investment in the organization by Finnish company Elomatic.

Varme is pioneering the waste-to-energy industry in Canada, leveraging proven technology and extensive industrial experience from its Scandinavian partners.

Elomatic’s investment, which belongs to Elomatic’s extensive program to provide industrial and regional benefits to Canada, will help accelerate Varme’s growth and further advance the company’s growing portfolio of projects in Alberta.

Elomatic is a consulting and engineering company with over 1,300 employees globally. Established in 1970, and with projects all over the world, Elomatic provides top-level expert services, products and turnkey solutions to process, machinery, marine, energy and pharmaceutical industries.

“In addition to their financial investment, we’ll be leaning on some of Elomatic’s deep technical expertise in energy, heating systems and engineering projects to support the execution of our projects here in Canada,” said Sean Collins, Varme Canada CEO.

“Varme’s mission and values align wonderfully with our own,” said Tom Lind, Elomatic’s CEO. “At Elomatic, we are committed to design solutions that increase the wellbeing of people and the environment. We are proud to make a direct investment in that mission in Canada through Varme. It also supports our international growth ambitions.”

Green Transition Holding from Norway is another significant investor in Varme and with Elomatic’s investment, the commitment of Nordic investors into the Canadian energy transition space is further enforced.

For more information, please contact:

Sean Collins

CEO Varme Energy Canada

sean@varme.ca

Tom Lind

CEO, Elomatic

tom.lind@elomatic.com

Andreas Grav Karlsen

CEO, Varme Energy

agk@varmeenergy.com

GTH subsidiary Carbon Circle signs pioneering EPC contract

Thu, 10 Aug 2023 11:31:34 GMT

Carbon Circle has been awarded the EPC contract for world's first post combustion carbon capture unit for FPSO by Yinson Porduction

Carbon Circle AS has been awarded an Engineering, Procurement & Construction (EPC) contract by YINSON PRODUCTION (YP) for a world-first post combustion carbon capture unit to be installed and integrated on a floating offshore O&G installation.

The unit will be installed on Yinson’s newly awarded FPSO for the Agogo Integrated West Hub Development Project in Angola (“FPSO Agogo”). The FPSO will commence operation in 2025 on behalf of Eni Angola S.p.A., a wholly owned subsidiary of Azule Energy (“Azule”). Azule is Angola’s largest independent oil and gas producer, and a 50/50 joint venture between BP p.l.c. (“BP”) and Eni S.p.A. (“Eni”). The unit will be delivered in Q3 2024, and when in operation will perform partial capture of CO2 from the exhaust of a Gas Turbine and the chosen technology is an amine-based capture process.

Mr. Aslak Hjelde , CEO of Carbon Circle AS , commented: “We are proud to be entrusted to achieve this milestone, which demonstrates our ambitions and capabilities of being a frontrunner in providing innovative decarbonization solutions to the worldwide energy industry. We are committed to leverage our knowledge and experience in supplying greener energy to the world, and with this key CCS project we are pleased to continue our journey towards a low-carbon future.”

Carbon Circle AS delivers EPC projects from early phase studies to project execution and commissioning. Building on over 30 years of experience from EPC contracts across a broad range of energy segments, from Oil & Gas to Energy-from-Waste, Carbon Circle brings the necessary expertise to execute projects that help customers meet their ESG targets and partake in the energy transition.

GTH sells its shares in Green Bio AS

Tue, 20 Dec 2022 11:58:26 GMT

OSLO – Dec 20, 2022 – Green Transition Holding (GTH) has signed an agreement to sell its 49% ownership Green Bio, a bio energy development and asset owning company. Green Bio was established in 2021 to develop a bio energy district heating platform in Norway. Following a year and a half of development, GTH has decided to divest its shareholding. Today Green Bio owns ten operating bio energy plants, with a yearly production of about 20 GWh, as well as one large greenfield project under development.

“This has been a successful journey for GTH, developing the Green Bio platform and generating value for both GTH and the other shareholders over the last year and a half. We would like to thank Partner Energy for the partnership and wish them all the best for future growth.” says Paal Skoe, CEO GTH.

GTH will use the proceeds from the transaction to further invest in the energy transition.

Varme Energy signs MoU with a Blue-Chip industrial partner for a facility in the Alberta Industrial Heartland

Tue, 20 Dec 2022 10:45:05 GMT

GTH subsidiary Varme Energy continues to build movement in the region with an agreement that establishes a working relationship to develop a waste-to-energy facility with carbon capture and storage

EDMONTON, Alberta - December, 2022 - Edmonton-based Varme Energy has signed a Memorandum of Understanding with a major industrial partner to pursue the development of a waste-to-energy facility with integrated carbon capture in the Alberta Industrial Heartland.

The agreement will allow the partners to move forward in identifying a suitable site for the facility, framework for a long term energy agreement, and establishes the requirements for a CO ₂ solution on site. The establishment of a waste-to-energy facility in the Industrial Heartland could lead to the processing of up to 150 000 tons of waste per year from the Edmonton region, with up 200 000 tons annually of carbon emissions from combustion captured and stored.

“Our technology will on this plant alone eliminate 95% of the carbon emissions, equalling to over 8 billion pounds of garbage over 25 years. We will generate 60 MWh of steam over 90% of the year. This produces enough heat for roughly 47.3 million, 20-minute hot showers annually. That’s 47 showers per person per year for a city of 1 million people like Edmonton”, – Sean Collins, CEO of Varme Energy.

Varme Energy is the Canadian subsidiary of Green Transition Holding, a Norway-based company with extensive experience developing waste-to-energy facilities in Europe. Varme Energy is bringing that wealth of experience to Canada to develop leading edge waste-to-energy facilities with carbon capture and storage that can generate energy and feed district energy systems while eliminating methane emissions from landfills.

This recent MoU builds more momentum behind Varme’s work to bring industrial-scale waste-to-energy to Alberta. It comes on the heels of the recent establishment of a working committee with Ermineskin Cree Nation to explore investment opportunities, the launch of Varme’s first round of fundraising, and a growing list of agreements with municipalities and companies throughout Alberta.

“This memorandum is an important step forward, not just for our company, but for the region and the province. Other jurisdictions across the world have reduced emissions and landfill use through waste-to-energy projects, and this potential facility in the Alberta Industrial Heartland is a perfect opportunity to start catching up.” – Sean Collins, CEO of Varme Energy

For more information, please contact Varme CEO Sean Collins at sean@varme.ca .

Varme Energy announce Working Committee with Ermineskin Cree Nation to invest in Alberta’s First Waste-to-Energy facilities

Fri, 25 Nov 2022 14:12:16 GMT

EDMONTON, Alberta - November 24, 2022 - Neyaskweyahk Group of Companies and Edmonton-based Varme Energy, a subsidiary of GTH, have announced a Joint Working Agreement to collaborate to fund and construct the first waste-to-energy facility in Alberta.

Working through their Corporate Division, Neyaskweyahk Group of Companies, Ermineskin Cree Nation is exploring investment in Varme-run waste-to-energy projects throughout Alberta, including major new facilities.

Ermineskin Cree Nation, located just south of Wetaskiwin, is eager to explore the opportunity to invest in leading-edge facilities that will create jobs, reduce emissions, generate energy, and shrink landfills, using technology that has had decades of success in Europe.

“Our nation is focused on building a strong and vibrant economy that will support our families for generations to come. We’re looking forward to working in partnership with Varme Energy to identify investment opportunities that support bringing waste-to-energy technology to Canada at scale.” – Maureen Ward, CEO, Neyaskweyahk Group of Companies.

Varme Energy is the Canadian subsidiary of Green Transition Holdings, a Norway-based company with extensive experience developing waste-to-energy facilities in Europe. Varme Energy is bringing that wealth of experience to Canada to develop leading edge waste-to-energy facilities with carbon capture and storage that can generate energy and feed district energy systems while eliminating methane emissions from landfills.

“This technology has been tested and proven in Europe for decades – it’s time for Canada to catch up if we hope to meet our national emissions targets. Ermineskin Cree Nation is a fantastic partner for our company, and we look forward to developing our partnership and vision as we move forward together. ” – Sean Collins, CEO Varme Energy.

This Joint Working Agreement is an exciting step forward for these collaborative partners to create economic opportunity and reduce emissions from waste and eliminate the need for landfills.

For more information from Neyaskweyahk Group of Companies , please contact Maureen Ward at Maureen@ngcinc.ca .

If you would like more information about Varme Energy and waste-to-energy, please contact Varme CEO Sean Collins at sean@varme.ca .

For full press release please see: https://www.businesswire.com/news/home/20221123005163/en/Ermineskin-Cree-Nation-and-Varme-Energy-Announce-Working-Committee-to-Invest-in-Alberta%E2%80%99s-First-Waste-to-Energy-Facilities

Private Placement Successfully Placed

Thu, 13 Oct 2022 09:55:32 GMT

Akland/Oslo – Oct 13, 2022 - Green Transition Holding AS is pleased to announce that a Private Placement has been successfully placed, through an allocation of 357.148 of new shares in the Company at a subscription price of NOK 35 per Offer Share, for gross proceeds of NOK 12,5 million.

The net proceeds from the Private Placement will be applied used for investments in sales & marketing, working capital and equity in new projects, as well as for general corporate purposes.

For more information, please contact:
Paal Skoe, CEO Green Transition Holding and Chairman Carbon Circle
Email: paal.skoe@green-th.com
Phone: +47 971 33 431

About Green Transition Holding
Green Transition Holding (GTH) is an industrial and environmental technology company. Our mission is to develop and commercialize innovative technologies that improve the sustainability of industries. We aim to do this through reducing emissions, improve efficiency, and minimize the environmental footprint of these operations.

GTH announce establishment of Carbon Circle and Private Placement successfully placed

Sun, 21 Aug 2022 09:55:33 GMT

Private Placement in newly established GTH subsidiary Carbon Circle completed

OSLO – Aug 21, 2022 – Carbon Circle Holding AS, a subsidiary of GTH, is pleased to announce that a Private Placement has been successfully placed. The Private Placement included an allocation of 168 of new shares for gross proceeds of NOK 16.800.000,-.

Pharos Advisors acted as advisor in connection with the Private Placement.

The net proceeds from the Private Placement will go towards costs related to establishing the organization and SG&A runway for the Company.

For more information, please contact:
Paal Skoe, CEO Green Transition Holding and Chairman Carbon Circle
Email: paal.skoe@green-th.com
Phone: +47 971 33 431

About Carbon Circle
Carbon Circle is a project development and EPC house established in 2022 to address the increasing demand for carbon reduction and energy transition solutions globally. We have a highly experienced EPC team with decades of energy and carbon abatement experience.

We offer tailored end-to-end solutions to the energy industry and large-scale emitters looking to reduce their footprint and actively participate in the race to zero.

For more information visit: www.carboncircle.com

Ecvio, a subsidiary of Green Transition Holding: Secured large framework agreements with Hafslund Oslo Celsio and Returkraft

Wed, 06 Jul 2022 12:39:00 GMT

OSLO – July 6 ^th 2022 – Ecvio AS, which is a wholly-owned environmental technology subsidiary of Green Transition Holding AS, has signed framework agreements with Hafslund Oslo Celsio AS and Returkraft AS, Kristiansand, respectively.

“This is both strategically important and a breakthrough for Ecvio and Green Transition Holding. We started our investment in refractory work only a year ago and Ecvio has landed two major contracts with two of the key players in waste incineration in Norway, helping to ensure the supply of green district heating to Kristiansand and Oslo”, says CEO Paal Skoe, Green Transition Holding.

Technology and competence are of the highest class

Ecvio is a newly established company built up of people with strong professional competence and many years of experience in refractory, mechanical products and systems. Ecvio aims to be a leader in the design, development, construction, and operation of green energy plants.

“Winning contracts with some of the largest waste incineration plants in Norway shows that our technology and expertise is of the highest class. Furthermore, we will expand and introduce the engineering, mechanical and installation services within the renewable energy sector to be a total service provider. Ecvio is showing its capabilities and we are actively working towards more frame agreements in the future. The goal is to become a total supplier of technology within Energy from Waste”, says sales director Marcus Kingdom-Clark, Ecvio.

The latest signed framework agreement for Ecvio is with Hafslund Oslo Celsio, which owns and operates Norway’s largest waste incineration plant at Klemetsrud, Oslo. The plant has the capacity to finalize 365,000 tonnes of residual and industrial waste per year. The surplus energy from the combustion process is used to produce electricity and district heating for commercial buildings, public buildings, and homes, throughout Oslo. In this way, waste that could otherwise end up in a landfill outside the Nordic region is recovered for energy, therefore waste incineration plays an important role in the circular economy. The service agreement for Ecvio began in May 2022 and has a maximum duration of up to six years. The agreement covers maintenance of the refractory, with an annual overhaul stop, and service and maintenance assignments in the event of an accident or emergency stop on the plant’s three furnaces. The service and maintenance assignment means that Ecvio is on duty 365 days a year, 24 hours a day.

“In the event of an accident or emergency stop, we guarantee a fast response time, with qualified workers with top expertise on site to assist our customer”, says Kingdom-Clark.

The best total solution

Since August 2021, Ecvio has had a framework agreement with Returkraft, Kristiansand, which owns Norway’s largest incinerator where around 130,000 tonnes of waste is incinerated each year. The incineration produces electricity for 5,000 households and district heating for 200 companies and 3,000 households, and as much as 63 per cent of the energy in the waste is recovered at Returkraft. The contract has a duration of up to four years and includes maintenance of the refractory with an annual shutdown and on-call duty in the event of an accident or emergency stop. Ecvio is also on duty here all year round and is ready in the event of an accident.

“Achieving both these contracts required a long and tough competitive tender process. Ecvio secured these contracts by being able to offer the best total solution based on quality, competence, and price”, says Skoe.

For more information, please contact:

Paal Skoe, CEO Green Transition Holding
Email: paal.skoe@green-th.com

Phone: +47 971 33 431

About Ecvio

Ecvio is a wholly-owned subsidiary of Green Transition Holding that works in the renewable energy sector. The goal is to build up a company that is a total supplier of turnkey bio and waste energy plants, and to be a significant service and spare parts provider for these plants.

About Green Transition Holding

Green Transition Holding (GTH) is an industrial and environmental technology company. Our mission is to develop and commercialize innovative technologies that improve the sustainability of industries. We aim to do this through reducing emissions, improve efficiency, and minimize the environmental footprint of these operations.

GTH was listed on the NOTC list in December 2020 and holds the ticker code GTH.

The post Ecvio, a subsidiary of Green Transition Holding: Secured large framework agreements with Hafslund Oslo Celsio and Returkraft appeared first on GREEN TRANSITION HOLDING .

GTH signs exclusivity agreement for first EfW plant in the UK

Mon, 28 Mar 2022 07:34:23 GMT

OSLO – March 28, 2022 – Green Transition Holding (GTH), an industrial and environmental technology company, has signed an Exclusivity Agreement and Heads of Terms for a 50-year lease with Kilbride Resources, securing an industrial site permitted for the construction and operation of an Energy-from-Waste (EfW) facility near Birmingham, UK.

The Hams Hall facility will handle approximately 150,000 tonnes of non-recyclable waste per year and generate up to 150 GWh of electricity to replace natural gas and coal-fired electricity.

The site has an approved planning permit to construct and operate an EfW facility, significantly reducing the project development and execution risk. The parties expect to sign a final Agreement for Lease in Q2 2022 and target financial close and the start of construction in 2023, with expected completion and the start of operations in 2025.

Landfilled waste – one of the largest environmental issues in the world

An estimated 25% of all global warming today can be contributed to methane emissions from human activity. This is largely caused by the fact that methane is 84-86 times more effective than CO2 at trapping heat in the atmosphere1. Out of the 340 million tonnes of methane emissions originating from human activity annually, approximately 16% derive from landfill as waste left to decompose generates methane leaking directly into the atmosphere.

– Eliminating methane emissions from landfills is a key priority for GTH, says CEO Paal Skoe. Diverting waste streams from landfill to EfW facilities such as the Hams Hall reduces GHG emissions by approximately 70% and replaces fossil fuels with local-to-local energy.

Proprietary technology

The new facility will deploy a proprietary, advanced 2-stage gasification combustion technology. The technology provides higher efficiency and lower emissions compared to traditional one-stage incineration plants and has been proven at scale over the last 20 years. The modular set-up is “CCS ready” and offers a flexible and carbon-neutral waste handling solution for the future.

For more information, please contact:

Paal Skoe, CEO Green Transition Holding
Email: paal.skoe@green-th.com

Phone: +47 971 33 431

About Kilbride Resources

Kilbride Resources is a real estate and energy solution development business. Our undertaking is developing long term, innovative and commercial projects with our partners, focusing on environmental sustainability at their core.

About Green Transition Holding

GTH was listed on the NOTC list in December 2020 and holds the ticker code GTH.

Sources and footnotes:

IEF Methane Initiative

Methane emissions are driving climate change. Here’s how to reduce them. (unep.org)

Methane Tracker 2020 – Analysis – IEA

The Challenge | UNECE

1) Over a 20-year period. The estimated impact of 100 years is 28-34 times.

Placing EfW at the very core of the green transition and circular economy

Fri, 04 Mar 2022 08:37:34 GMT

Emissions from waste and open landfills have become one of the largest environmental issues in the world. A growing population and the rise in consumption makes sure this trend will continue for decades if no measures are initiated.

Energy from Waste (EfW) is the solution. Not only does it create valuable energy, but it also solves a problem, reducing the emissions from waste. The team behind Green Transition Holding has more than 30 years of experience in waste management with a proven turnkey EfW solution with the possibility for integrated Carbon Capture and Storage (CCS) which is both economical and scalable .

According to The Bellona Foundation, an independent non-profit organization that aims to meet and fight the climate challenges, the European Union (EU) in 2019 generated 224 Mt of municipal waste; 53 Mt were landfilled, 60 Mt incinerated, and 107 Mt recycled. Export of hazardous and non-hazardous waste had tripled between 2001 and 2020, growing from 6.3 million tons to 32.7 million tons respectively.

The municipal waste sector is the fourth largest contributor to emissions in the EU. In 2017, the emissions registered for the waste sector amounted to approximately 138 million tons of greenhouse gases.

Emissions from waste incineration in Europe grew from 5.4 million tons CO2 in 1990 to 95.6 million tons of CO2 and are now approximately equivalent to emissions from landfills.

In the UK, B2B waste pollution accounts for a large portion of the UK’s CO2 emissions from open landfills. Green Transition Holding has the technology to generate energy from this waste.

So how does it work?

To continue reading, please click here

GTH’s attends Energy-from-Waste 2022 conference in London

Fri, 18 Feb 2022 08:38:52 GMT

Green Transition Holding (GTH) is pleased to announce that we will be attending the Energy-from-Waste 2022 conference hosted by EfW Net on the 9th-10th March 2022 in London. GTH is looking forward to meeting current and future customers and having an active role at the conference both as speakers and with a conference stand.

The conference is a premier event in the UK and Europe for senior level decision makers across the energy to waste sector. Covers important topics such as decarbonization, circular economy aspects, financing, project delivery, thermal heating, the latest technology developments and much more.

Private Placement Successfully Placed

Tue, 07 Dec 2021 14:06:00 GMT

Green Transition Holding AS (‘GTH’ or the ‘Company’) is pleased to announce that a Private Placement (the ‘Private Placement’) has been successfully placed, through an allocation of 1.247.000 of new shares in the Company (the ‘Offer Shares’) at a subscription price of NOK 25 per Offer Share, for gross proceeds of NOK 31 million.

Pareto Securities AS have acted as advisor in connection with the Private Placement.

The net proceeds from the Private Placement will be applied used for investments in sales & marketing, working capital and equity in new projects, as well as for general corporate purposes.

Following registration of the share capital increase pertaining to the Private Placement with the Norwegian Register of Business Enterprises, the Company will have a registered share capital of NOK 140.018,27 divided into 14.001.827 shares, each with a nominal value of NOK 0,01. The market capitalization of GTH following the Private Placement will be approximately NOK 350 million at the subscription price.

Strengthening the Green Transition Holding team

Thu, 25 Nov 2021 14:12:00 GMT

Green Transition Holding (ticker code: GTH) announce the following new appointments;

GTH are expanding group management with three new directors. This is an i mportant step for the company as we are entering into the next phase of growth, developing and commercializing innovative technologies that improve the sustainability of industrie s.

Geir Otto Amundsen, Director

Mr. Amundsen started his position in August this year and holds significant international experience with more than 30 years’ experience working in various sectors, including general industry, oil and gas, aerospace, defense and renewables (offshore wind) and has worked with a range of businesses, including private, private equity and globally listed. He has held a range of directorships, including VP of Business Development, Head of Global Operations and CEO.
“I find GTH an exciting company with strong ownership and ambitious growth strategy. I look forward to contributing with my industrial experience and competence”, says Geir Otto.

Mikkel Andreasen, Chief of Staff

Mr. Andreasen started his position in October 2021. He has 5 years of corporate finance experience focusing primarily on the renewable energy and clean tech space. Prior to joining GTH, he worked in DNB Markets’ Investment Banking Division in Oslo and New York advising on a range of capital markets and M&A transactions.

“GTH is uniquely positioned to tackle the global waste problem and offer clean technology to replace fossil fuels. I am very excited to be a part of a highly ambitious team with strong industry know-how and commercial capabilities.” says Mikkel

Andreas Grav Karlsen, VP Business Development

Mr. Karlsen started his position in October and has 8 years of international experience in the oil and gas industry where he mainly focused on rig new builds and upgrades as well as offshore wind projects. He held various positions within engineering, new product development and sales. He has also held a central role in commercialization and development of low carbon solutions towards the oil and gas industry and project execution.

“GTH is a company that invests and focuses on technology and industries supporting the global energy transition. With a great team and big ambitions I look forward to being part of the growth of GTH ”, says Andreas.

“We are very pleased to bring Geir Otto, Mikkel and Andreas on board as we enter into the next growth phase of GTH. As we look forward, we expect there to be several growth opportunities for GTH. With our team’s experience GTH has the capabilities to develop and commercialize innovative technologies, improve efficiency, and minimize environmental footprints. This is always our main objective, and we expect this to also create shareholder value”, says Paal Skoe, CEO of GTH.

Robert Hvide Macleod to join the Green Transition Holding Board of Directors

Wed, 30 Jun 2021 10:01:00 GMT

Green Transition Holding (ticker code: GTH) announces that Robert Hvide Macleod will join its Board of Directors. Following the appointment, the Board will comprise of Eirik Flatebø (Chairman), Dag Schjerven (Director), Svein Flåtten (Director), Christopher Vanay (Director), Sigbjørn Bråtane (Director) and Robert Hvide Macleod (Director). In aggregate, the board holds approximately 1.5 million shares, representing approximately 12% of the shares outstanding.

Mr Macleod holds significant international experience, and we expect that his expertise will prove valuable in the growth and development of GTH. He worked for AP Møller Maersk 2001-2004, Glencore International 2004-2011 and he served as the CEO of Frontline Management in the period 2014-2020. He now runs a portfolio of private equity investments and a number of them are in the renewables sector. GTH has recently been added to the portfolio and he currently controls 1% of the outstanding shares

“I view GTH as an exciting company, with a very solid customer base, and the team at GTH is highly skilled. Through its technology GTH is well positioned to continue to build its portfolio and I believe they will succeed in achieving rapid further growth. I look forward to working with the management and Board at what certainly is a very interesting time for the company”, says Robert Hvide Macleod, new Board Member of GTH.

“We are very pleased to bring Robert on to the GTH Board as we enter into next growth phase of GTH. As we look forward, we expect there to be a number of growth opportunities for GTH. We are able to develop and commercialize innovative technologies, improve efficiency, and minimize environmental footprints. This is always our main objective, and we expect this to also create shareholder value”, says Eirik Flatebø, Chairman of GTH.

About GTH

GTH was listed on the NOTC list in December 2020 and holds the ticker code GTH.

Green Transition Holding enters into partnership with Partner Energy and acquires a District Heating Portfolio

Tue, 15 Jun 2021 15:09:00 GMT

Partner Energy (PE), an investment company with focus on Renewable Energy and Technology, and Green Transition Holding (GTH) an Industrial, Environmental Technology company, have entered into a partnership to own, develop and consolidate assets within the bioenergy segment. Combining, PE’s competence and group investments with GTH’s inhouse EPC, Otechos Services in a close Partnership, boosts competitiveness and provides a unique/[unparalleled] service catalogue to the bioenergy industry. “A partnership with PE strengthens GTH’s service levels and is essential to execute on GTH’s strategy to be a core provider of bioenergy in Norway”, says Paal Skoe, CEO of GTH.

“Leveraging the strength for our Partnership, PE and GTH have already jointly acquired a portfolio of district heating bioenergy assets. These assets form the first fundament for further growth for the Partners within the green energy transition and an important step towards building a robust green energy portfolio to meet tomorrows customer’s demand for environmentally friendly energy generation solutions” the two CEO’s say.

About Partner Energy

Partner Energy(PE) is a forward-thinking business partner and investor that builds, develops, and improves companies within renewable energy and technology. PE has extensive experience from the establishment, development and acquisition / sale of companies. Partnership as a collaboration tool is essential to ensure growth in the companies and positive development for customers, employees, management, and owners. “Focus on the green transition combined with active and value-creating owner a partnership with GTH brings an important value creating for our partners and future customers says Frank Håland, CEO of Partner Energy”…

About GTH

Green Transition Holding (GTH) is an Industrial, Environmental Technology company developing and commercializing innovative technologies that improve the sustainability of industries by reducing emissions, improving efficiency, and minimizing the environmental footprint of these operations. GTH is listen on the NOTC-list in December 2020 with ticker code GTH.

Green Transition Holding and KANFA Group in advanced discussions about Partnership

Wed, 09 Jun 2021 08:15:00 GMT

KANFA Group and GTH in advanced discussions about partnership

KANFA Group, a global independent process house and offshore project execution specialist within the Oil & Gas Industry, and Green Transition Holding (GTH) an Industrial, Environmental Technology company, are in discussions to jointly Engineer, Procure and Construct (EPC) Waste to Energy (WTE) plants globally. The partnership brings GTH one step closer to provide high efficiency small to mid-scale turn-key WTE plants to the waste incineration industry. “Together with GTH’s inhouse EPC, Otechos Services and the partnership with AITOS gasification waste incineration technology, KANFA Group’s competence is essential to execute GTH’s strategy to build, own and operate waste incineration plants globally “says Paal Skoe, CEO of GTH.

About KANFA Group

KANFA Group is an independent process house and project execution specialist within the Energy Industry. KANFA Group delivers complete topside process EPC contracts, modules, packages, equipment, FEED studies and services such as troubleshooting and revamp as well as optimisation studies. «The KANFA way» combines extensive market knowledge with multi-discipline experience to provide superior process designs and technical solutions to our clients’ best advantage – monetary engineering. The focus is on cost, project execution, performance and quality. “A partnership with GTH is a clear strategy for KANFA to utilize the «The KANFA way» in an exciting market with clear synergies with our experience and competence within the Group” says Aslak Hjelde, CEO of KANFA Group

The KANFA Group is a fully owned subsidiary of Technip Energies.

About GTH

Green Transition Holding (GTH) is an Industrial, Environmental Technology company developing and commercializing innovative technologies that improve the sustainability of industries by reducing emissions, improving efficiency, and minimizing the environmental footprint of these operations. GTH is listed on the NOTC-list with ticker code GTH and ISIN NO0010905029.

Rettet emisjon / Private Placement in Green Transition Holding AS

Mon, 08 Mar 2021 09:16:00 GMT

Rettet emisjon i Green Transition Holding AS

Styret i Green Transition Holding AS mottok i midten av februar 2021 en henvendelse fra en gruppe interessante investorer som ønsket å investere i selskapet.

Ut i fra dette, besluttet styret å gjennomføre en rettet emisjon på til sammen 517.800 aksjer på kurs NOK 25,- per aksje. Transaksjonen er gjennomført og lukket.

Private placement in Green Transition Holding AS

During February 2021, the board of directors of Green Transition Holding AS has been approached by a group of interesting investors intending to invest in the company.

Against this background, the board resolved to issue 517.800 new shares, each NOK 25,- per share in a directed private placement. The transaction has been completed and is now closed.

Green Transition Holding AS is registered on the NOTC-list

Mon, 01 Mar 2021 09:18:00 GMT

Green Transition Holding AS is registered on the NOTC-list as of 21 December 2020 with ticker code GTH. The company has issued 12,237,027 shares each with a par value NOK 0.01, all of which is registered in the VPS with ISIN code NO 001 0905029. Based on the last traded price (equity issue closed on 30 September 2020) the market capitalization is NOK 174,989,486.10 (NOK 14.30 per share). The company has entered into an agreement whereby it will be able to use the NOTC reporting system as from 21 December 2020.

With the AITOS gasification waste incineration technology, GTH will contribute significantly to improve efficiency and reduce emissions from existing waste-to-energy (WTE) plants. Together with our inhouse EPC, OTECHOS Services, GTH will present a new generation low emission, high efficiency small to mid-scale WTE plant solution to the waste incineration industry. Building, owning and operating modern, efficient WTE units is part of GTE’s long-term strategy.

With the PIPEOTECH DVS sealing technology, GTH has introduced the world’s first fully certified, 100% gastight flange seal setting new environmental standards by curbing fugitive emissions and improving HSE standards in numerous industries such as plastic recycling, district heating, shipping, chemistry and petrochemicals. Having built a solid base of initial commercial customers and a highly experienced team, PIPEOTECH is entering a phase of rapidly expanding global sales.

GTH represents a unique combination of proven and new technologies, industrial capabilities, experienced resources, and established revenue streams from operating units. PIPEOTECH AS and OTECHOS Services AS are 100% daughter companies of GTH. GTH holds a 10% stake in Aitos Gasification Technology AS and an option to acquire the remaining shares of the company on certain terms.

GREEN TRANSITION HOLDING

Yinson Production partners with Carbon Circle to advance Carbon Capture Solutions

Private Placement Successfully Placed

A Green Light for Clean Energy: Varme Secures AUC Approval

Carbon Circle and Bilfinger Sign Strategic MOU to Accelerate Carbon Capture Projects Across Europe

Carbon Circle Completes Study Contract for Havstjerne CO2 Injection Unit

Carbon Circle Expands to Canada

Varme receives grant: Turning waste into electricity

With $2.8 million from the industry-funded TIER program, Alberta’s government is advancing Canada’s first industrial-scale waste-to-energy facility using technology.

GTH presented its Canadian Carbon Capture and Waste-to-Energy developments at ONS 2024

GTH participates in several events at Arendalsuka 2024

GTH participated in several key events during Arendalsuka 2024, a prominent forum for discussing societal issues in Norway. These events provided an excellent opportunity for GTH to meet and discuss with industry leaders in various sectors related to the green transition.

Ecvio is acquired by the Trosvik Group

Oslo / Akland / Brevik – June 14, 2024 – Ecvio, previously a wholly-owned environmental technology subsidiary of GTH, becomes part of Trosvik Maritime and changes its name to Trosvik Energy.

GTH subsidiary Varme Energy announce strategic partnership with Canada Growth Fund and Gibson Energy

CANADA GROWTH FUND, GIBSON ENERGY AND VARME ENERGY ANNOUNCE STRATEGIC PARTNERSHIP TO ADVANCE CANADIAN WASTE-TO-ENERGY PROJECT ﻿

GTH subsidiary Varme Energy Signs 15-year Waste Agreement with City of Edmonton

Varme Energy Inc., a subsidiary of GTH, has signed a waste agreement with the City of Edmonton.

Scheduled to start by 2027, the initiative aims to divert 150,000 tonnes of residential waste from landfills each year. The project will see the construction of an advanced waste-to-energy facility in Edmonton, focused on sustainable waste management, energy generation and CCS.

GTH subsidiary Carbon Circle secures investment from Amplus Energy

(Oslo, 1st November 2023) Carbon Circle AS has secured an equity investment from Amplus Energy Services Ltd. in the UK.

GTH subsidiary Varme Energy Canada secures equity investment

Finnish consulting and engineering company Elomatic makes equity investment in Varme Energy Canada

GTH subsidiary Carbon Circle signs pioneering EPC contract

Carbon Circle has been awarded the EPC contract for world's first post combustion carbon capture unit for FPSO by Yinson Porduction

GTH sells its shares in Green Bio AS

Varme Energy signs MoU with a Blue-Chip industrial partner for a facility in the Alberta Industrial Heartland

GTH subsidiary Varme Energy continues to build movement in the region with an agreement that establishes a working relationship to develop a waste-to-energy facility with carbon capture and storage

Varme Energy announce Working Committee with Ermineskin Cree Nation to invest in Alberta’s First Waste-to-Energy facilities

EDMONTON, Alberta - November 24, 2022 - Neyaskweyahk Group of Companies and Edmonton-based Varme Energy, a subsidiary of GTH, have announced a Joint Working Agreement to collaborate to fund and construct the first waste-to-energy facility in Alberta.

Private Placement Successfully Placed

GTH announce establishment of Carbon Circle and Private Placement successfully placed

Private Placement in newly established GTH subsidiary Carbon Circle completed

Ecvio, a subsidiary of Green Transition Holding: Secured large framework agreements with Hafslund Oslo Celsio and Returkraft

GTH signs exclusivity agreement for first EfW plant in the UK

Placing EfW at the very core of the green transition and circular economy

GTH’s attends Energy-from-Waste 2022 conference in London

Private Placement Successfully Placed

Strengthening the Green Transition Holding team

Robert Hvide Macleod to join the Green Transition Holding Board of Directors

About GTH

Green Transition Holding enters into partnership with Partner Energy and acquires a District Heating Portfolio

About Partner Energy

About GTH

Green Transition Holding and KANFA Group in advanced discussions about Partnership

About KANFA Group

About GTH

Rettet emisjon / Private Placement in Green Transition Holding AS

Rettet emisjon i Green Transition Holding AS

Private placement in Green Transition Holding AS

Green Transition Holding AS is registered on the NOTC-list

CANADA GROWTH FUND, GIBSON ENERGY AND VARME ENERGY ANNOUNCE STRATEGIC PARTNERSHIP TO ADVANCE CANADIAN WASTE-TO-ENERGY PROJECT