UK-based Carbon8 has signed a cooperation agreement with Return Carbon (part of the Return Group). Return Carbon is a Dutch investment platform that uses an Invest-and-Build approach to target companies accelerating the energy transition and the transition to a circular economy. Return Carbon will partner with Carbon8 to build its presence in the Belgian and Dutch markets. The British company specializes in CO2 capture, utilization, and storage (CCUS) for heavy industry and has already run a pilot with CCUS at waste processor AVR in Duiven.
Carbon8 has developed a 'CO2 container' that can be deployed directly on-site for Carbon Capture, Utilisation, and Storage (CCUS). Carbon8's patented 'Accelerated Carbonation Technology' (ACT) combines industrial residues (such as ash from waste from an EFW plant or biomass power plant) with captured CO2 to produce high-quality aggregates and agricultural fertilizers. These new, CO2-negative products can be used in the construction industry, for example, closing the cycle of a circular value chain.
The cooperation agreement with Return Carbon follows the €5.79m investment in Carbon8 by Vicat (the international cement group), EDF Group, and its corporate venture capital arm, EDF Pulse Ventures. The investment, announced in June 2022, accelerates Carbon8's growth in the UK, continental Europe, and the rest of the world.
Return Carbon will become Carbon8's strategic business partner in Belgium and the Netherlands. Return Carbon will identify and acquire projects in the two countries where Carbon8's CO2 capture and utilization technology is suitable for the application. Return Carbon will also work with Carbon8 to obtain the necessary consents and certifications, as well as private and public sector funding for a range of new projects.
Carbon8 container at cement producer Vicat Group in Montalieu, France
Maarten van Roon, Commercial Director of Carbon8, said: "We are very excited about our partnership with Return Carbon. When selecting a regional business partner, we were struck by how Return has successfully helped technology companies grow by developing transition solutions for the industry. Return Carbon is investing in the energy transition, and with Carbon8, we are providing one of the technology solutions for this."
Since its founding more than a decade ago, Return Group (formerly Stecc Group) has been involved in building and growing more than 25 companies, including energy technology companies Sunrock (solar) and SemperPower (battery storage).
Martijn Verwoerd, co-founder and managing director of Return Carbon, says: "With Carbon8's experience in the cement industry and the pilot project at AVR in Duiven, we see an extraordinary opportunity for Carbon8's carbon capture and utilization technology to deliver a pioneering decarbonization solution for industrial companies. It provides permanent capture and storage of CO₂, allowing heavy industry to better manage its residues while achieving its targets to be climate neutral. With our experience and knowledge of project development in the Belgian and Dutch markets, we will accelerate to realize and finance Carbon8 projects."
For more information:
Carbon8
enquiries@carbon8.co.uk
www.carbon8.co.uk
Return Carbon
info@returncarbon.nl
www.returncarbon.nl