Our member Carbon8 has secured a £5m investment to advance the deployment of its technology to be used in the toughest sectors to decarbonise.
The funding included a co-investment of £4m by international cement group VICAT and energy giant EDF Group and its corporate venture capital arm, EDG Pulse Ventures.
By using its patented Accelerated Carbonation Technology (ACT), Carbon8’s CCU and CCS solution could help reduce emissions in sectors such as cement, Energy from Waste, steel, and paper – industries currently responsible for over 20% of global GHG emissions.
It does this by combining industrial residues with captured CO2 emissions to produce high-value minerals. By plugging in its modular CO2ntainer technology, the company can capture carbon from the point source and permanently store it in the output materials of the ACT process.
Find more on this investment here.