Carbon8 and Return Carbon establish strategic partnership

Nov 15 2022


Carbon8 and Return Carbon have established a strategic partnership to roll-out Carbon8’s CCUS technology in Belgium and The Netherlands.

Carbon8, the UK cleantech company that is specializing in CCUS for heavy industry, has signed a collaboration agreement with Return Carbon (part of the Return Group), a Dutch investment platform following an Invest-and-Build approach focused on companies that accelerate the Energy Transition and the Circular Economy.

Return Carbon will work with Carbon8 to build its presence in the Belgian and Dutch markets.  The two companies will target four key industrial sectors:  Energy from Waste (EFW), Biomass power generation, Paper & Pulp and Steel production. These hard-to-abate industries, along with cement, are responsible for over 20% of global greenhouse emissions. 

Maarten van Roon, CCO of Carbon8 said, “We are excited about our partnership with Return Carbon. In our search for a regional business partner, their track record in supporting the commercial growth of technology companies by enabling industry players to adopt new solutions, stood out. Return Carbon is pushing the energy transition and we are one of the solutions that can help deliver this.”

 

Carbon8’s CO2ntainer deployed at the Vicat Group’s cement plant in Montalieu, France.

 

Carbon8’s CO2ntainer – a modular CCUS solution that can be deployed directly on site – can help these sectors decarbonize and shift to a more circular operation. The company’s patented Accelerated Carbonation Technology (ACT) combines their industrial residues (such as waste ash in an EFW plant or a biomass-fuelled power station) with captured CO2 emissions to produce high-value aggregates and agricultural fertilisers. These new products can be reused, closing the loop of a circular value chain. The partnership will also focus on bringing these carbon negative products to market.

The partnership agreement with Return Carbon follows the €5.79m investment in Carbon8 made by Vicat, the international cement group, EDF Group and its corporate venture capital arm, EDF Pulse Ventures.  The investment, announced in June 2022, is accelerating the growth of Carbon8 in the UK, continental Europe and around the world. 

Return Carbon will be Carbon8’s strategic business partner in Belgium and The Netherlands. Return Carbon will identify and secure projects in the two countries where Carbon8’s carbon capture and use technology is suitable for deployment. Return Carbon will also work with Carbon8 to secure the necessary consents and certifications, as well as private and public sector financing, for a pipeline of new projects.

Since its establishment over a decade ago, Return Group, previously known as Stecc Group, has been involved in building and growing more than 25 companies, including the energy tech companies Sunrock (solar energy) and SemperPower (battery storage).

Martijn Verwoerd, Co-founder and Director of Return Carbon said, “Having seen Carbon8’s work in the cement industry and its project with AVR’s Energy from Waste facility in Duiven, we were keen to work with them. Carbon8’s carbon capture and use technology has the potential to be a real game-changer for industrial companies, challenged to find ways to achieve their environmental goals.  It offers permanent CO2 capture and storage which enables heavy industry to better manage their residues, simultaneously addressing their goals of zero landfill and Net Zero emissions. We will be utilising all of our experience and knowledge of the Belgian and Dutch markets to help finance and build Carbon8’s order book.”

Carbon8’s partnership agreement with FLSmidth, announced in June 2021, is focused entirely towards carbon capture in the global cement industry, so is unaffected by today’s announcement.

 

Carbon8
Return Carbon


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Issue 89 - Sept - Oct 2022

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