Carbon elimination firms are presently receiving elevated consideration as carbon seize and storage features momentum on the local weather agendas of European international locations and the USA. The approval of carbon elimination applied sciences by the IPCC additional highlighted their position in reaching formidable decarbonization objectives.
Under you will see a number of acknowledged firms, startups and tasks within the area of carbon elimination in Central and Jap Europe.
Carbon Elimination Startups in CEE and Past
Carbon
Location: Bulgaria, Austria
Answer: carbon market
Newest information: The corporate participated within the Rubik Storage Accelerator 2022.
Description: The corporate affords a platform of scientific carbon elimination tasks for European companies and residents. Tasks are chosen primarily based on 8 standards, together with integrity, additionality, verification and localization.
Inexperienced escrow
Location: Poland
Answer: carbon sequestration
Newest information: They’re among the many 20 semi-finalists of the Infoshare Startup Contest 2023. Beforehand, they have been among the many 8 startups that reached stage 2 of the Carbon Elimination ClimaAccelerator.
Description: Inexperienced Sequest goals to take away carbon from the environment by capturing it in stone by way of a course of referred to as enhanced rock weathering. The crew is working to construct an reasonably priced and scalable know-how, utilizing a rock referred to as serpentine, which has a excessive capability to seize and completely retailer CO2.
Carbominer
Location: Ukraine
Answer: carbon seize
Newest information: In 2020, the startup raised a seed funding from SMRK VC to create industrial modules for capturing CO2 within the open air.
Answer: The corporate is growing modular direct air seize know-how designed for native CO2 seize. The know-how is predicated on a mix of dry and moist CO2 seize approaches, utilizing an ion trade sorbent within the seize stage and electrochemistry-based regeneration within the CO₂ launch stage. One of many predominant benefits of Carbominer is that it harnesses intermittent vitality from renewable sources.
Agreena
Location: primarily based in Denmark, current in 16 European markets, together with the Republic of Moldova
Answer: soil carbon certification program
Newest funding: In March 2023, they raised a Sequence B of 46 million euros from German investor HV Capital, affect fund AENU, monetary know-how specialist Anthemis, and present shareholders.
Description: They assist farmers difficulty and promote third-party verified carbon certificates on the voluntary carbon market, that are then bought by firms wishing to offset their emissions. Farmers can even use the digital platform to trace, validate and plan enhancements alongside their journey to cut back CO2 emissions and retailer them within the soil.
Arkeon
Location: Austria
Answer: carbon elimination
Newest funding: At first of 2023, the startup raised €2.75M throughout a funding spherical led by ICL from ICL Planet Startup Hub. Up to now, they’ve raised $4.3 million.
Description: Arkeon has developed a fermentation bioprocess that captures and transforms carbon dioxide into useful, carbon-negative substances for meals, specifically proteinogenic amino acids. To do that, they harness the facility of archaea, an historic microbe that’s a part of the microbiota of all organisms.
Tree.ly
Location: Austria
Answer: carbon market
Description: The corporate works with forest house owners, carbon offset organizations and public authorities to unlock the carbon seize potential of forests. Firms should buy carbon credit to offset their emissions whereas supporting regional forest local weather safety tasks.
Restore
Location: Israel
Answer: carbon seize
Newest information: The startup gained the Dutch New Vitality Problem 2022 competitors organized by Rockstart, Shell, Unknown Group and YES!Delft.
Description: The RepAir Direct Air Seize answer has developed an electrochemical system that makes use of electrical energy and a selective membrane to separate CO2 from the air. Based on the corporate, the answer has the benefit of requiring much less vitality than different applied sciences, being modular and simply scalable, and requiring no warmth or water.
Startups: the funding panorama in Europe is more and more drying up
Different carbon seize and storage tasks in CEE
A number of analysis and demonstration tasks on carbon seize, storage and use have taken place in CEE, usually financed by trade or structural funds, and a number of other of which have been deserted or reported in a non-transparent method. Under we current a few of the most up-to-date tasks.
Devnya Cement
(subsidiary of HeidelbergCement)
Location: Bulgaria
Answer: carbon seize and storage
Newest information: They just lately acquired 190 million euros from the EU Innovation Fund to make it a CCUS cluster for Bulgaria and the border areas of Romania and Greece.
Description: The corporate is engaged on the primary complete carbon seize and storage mission within the Balkans. Their aim is to seize carbon dioxide from operations and retailer it completely within the depleted Galata offshore gasoline area beneath the Black Sea.
Observe: HeidelbergCement has additionally deployed or deliberate carbon elimination pilot tasks within the Czech Republic and Poland.
IN A
Location: Croatia
Answer: carbon seize and storage
Description: It operates a number of carbon seize and storage tasks together with, since 2014, the CO2-EOR mission on the Ivanić and Žutica oil fields. The mission captures 0.56 Mt of CO2 per 12 months from the Molve pure gasoline processing plant and routes it to the oil fields. The corporate additionally operates the iCORD mission, aiming to seize round 1 tonne of CO2 per 12 months from a number of websites in central Croatia (together with a fertilizer manufacturing facility and a pure gasoline processing station) and inject it into the Pannonia Foundation oil area. It’s deliberate to begin by 2025.
Study extra: Sustainable funding: the place profitability meets sustainable aims, with the Sparking Capital VC fund
Institute for Chemical Coal Processing (IChPW)
(Group)
Location: Poland
Answer: carbon use
Description: The IChPW has developed an revolutionary technique of seize, focus and purify CO2 by reusing it within the manufacturing of sodium carbonate. The know-how was applied by CIECH, certainly one of Poland’s main chemical producers, at a manufacturing plant in Inowrocław, decreasing CO2 emissions by at the least 5,000 tonnes per 12 months.
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