The company was founded in 2012 by Fida Abu Libdeh, Burkni Pálsson, and Agnir ehf, as a result of Fida and Burkni’s thesis in energy and environmental engineering technology at the University of Iceland.
In the autumn of 2012 geoSilica received a project grant from the Icelandic Technology Development Fund in order to begin the product development of its first product. One year later the company started operations at the Hellisheidi Power Plant in order to utilize the mineral rich geothermal water used by the plant. This has been done in cooperation with ON Energy, the operator of the power plant.
geoSilica has developed a two-step production process. In the first step, the silica concentration in the separated geothermal water is increased many tenfold without changing the chemical composition of the water. In the second step, the geothermal water is gradually replaced by clean ground water from the area while keeping the silica concentration constant. The end product is highly pure silica in the form of extremely small silica particles in clean ground water. Absolutely no chemicals of any kind are used in the production.