UK carbon capture, utilisation, and storage (CCUS) specialist Carbon8 has secured a £5m investment to advance deployment of its technology to be used to decarbonise hard-to-abate industrial sectors.
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 CCUS 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 is able to capture carbon from the point source and permanently store it in the output materials of the ACT process.
Commenting on the investment, John Pilkington, CEO, Carbon8, said, “The investment made by EDF and Vicat is hugely valuable as we accelerate the growth of our business, and maximise the positive impacts – capturing carbon, re-using residues – that we can offer to industry.”
The materials produced using the captured CO2 allow companies to play into a circular economy model by utilising the minerals in other industries such as aggregates for construction use and fertilisers.
Carbon8’s technology has previously been deployed at Vicat Group’s Montalieu-Vercieu cement plant near Lyons, France.
“Vice has looked at a number of innovative ideas for reducing its carbon emissions,” commented Laury Barnes-Davin, Scientific and R&D Director, Vicat Group.
“We were drawn to Carbon8’s two-part technology: capturing the CO2 that Montalieu emits and using it to produce an aggregate that can be marketed in the construction industry.”
Last year, ACT won an award for best CCUS technology during an online event held by Netherlands-based TechnologyCatalogue.com.