The UK-based carbon capture utilization and storage (CCUS) company Carbon8 has signed a collaboration agreement that would help it build its presence in Western Europe. The agreement is with Return Carbon – a Dutch investment platform and aims to expand Carbon8’s technology in the Belgian and Dutch markets.
Return Carbon is part of Return Group – a project development accelerator, promoter of technologies, investor, and integrator of companies and initiatives that address climate change. It follows an Invest-and-Build approach focused on companies that accelerate the energy transition and circular economy like CCUS, renewable energy, and energy storage.
The companies will aim to target four key industrial sectors for decarbonization – energy from waste, biomass power generation, paper & pulp and steel production. According to Carbon8, these hard-to-abate industries, along with cement, are responsible for over 20% of global greenhouse emissions.
Return Carbon’s role in this partnership would be to identify and secure projects in Belgium and Netherlands. The company 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.
Carbon8’s technology includes CO2ntainer – a ground-breaking modular CCUS solution that can be deployed directly on-site, allowing for easy implementation without disruptions in operations. The captured CO2 at source is used to produce carbonated products for the construction industry like carbon negative aggregate that has a variety of applications including in cement blocks, road filler, and green roofing substrates.
Apart from CO2, the process also utilizes carbonate industrial residues that are destined for landfills. The solution is able to treat up to 12,000 tonnes of industrial residues annually in the process.