Caox AS Awarded NOK 10 Million Grant

The company’s CO₂ Mineralization Rig is designed to transform captured CO₂ into the stable mineral calcium carbonate, enabling permanent long-term carbon storage through a scalable and commercially deployable process. The technology addresses growing global demand for permanent carbon removal and low-risk carbon storage solutions aligned with emerging regulatory and ESG requirements.

“This grant from Innovation Norway validates both the technical and commercial potential, as well as the strategic relevance, of our Caox MineraLoop™ technology,” said Ole Jacob Sandal, Chief Executive Officer of Caox AS.

“The funding enables us to focus on engineering development, pilot deployment, and commercialization activities as we continue positioning the company for strategic industrial partnerships and international market expansion. We are currently in due diligence processes with several global industrial leaders.”