Carbon utilization company Paebbl announced that it has secured a $2.2 million (€2.1 million) Demonstration Energy and Climate Innovation (DEI+) grant awarded by the Dutch Ministry of Climate and Green Growth, allowing it to boost the work on the company’s first demo plant.
Currently under construction at Paebbl’s R&D site in Rotterdam, the demonstration unit is set to become the fastest completed continuous production plant for CO2-storing supplementary cementitious materials (SCM).
Last month, Paebbl also revealed that it has raised $24 million (€22.8 million) from its long-term investors, including Pale Blue Dot, Holcim, Capnamic, 2050.do, the Grantham Foundation, and Amazon’s Climate Pledge Fund, to accelerate the scale-up of its operations.
This accumulated financial pool will enable the company a rapid completion of the Rotterdam demo plan, a facility that will be delivered with the help of partnering companies SPIE, Schneider Electric, and Vicoma.
As shared by Paebbl, last week, the demo unit reached a milestone with the installation of over half the steel structure planned for the facility, marking the completion of the highest point of construction.
The Nordic-Dutch company has been making high-speed advancements, managing to grow from gram-scale and bench-scale tests to an active pilot plant in its first 18 months of operations, reaching a daily production capacity of 250 kg of carbon-incorporating products.
Leveraging this rapid growth know-how, Paebbl is now focused on delivering the demo plant in record time.
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In under two years, the company has succeeded in evolving the demo unit from an idea to a near-completion level, significantly cutting down the time conventionally required for the development of this type of project.
Commenting on this achievement, co-founder and co-CEO Marta Sjögren shared that with the pivotal expertise and support from SPIE, Schneider Electric, and Vicoma, Paebbl is showing that the right partnerships, focus, and the sense of climate urgency can contribute to drastic project timeline reductions, which can deliver impact at scale.
She goes on to add, “Our close collaboration across the supply chain, combined with the deep expertise of our team and partners, is allowing us to move from concept to production in less than half the usual time.”
Read more: Paebbl Announces First Removed Ton Of CO2
Correction: A previous version of this article incorrectly stated that the grant is $2.8 million (€2.7 million).
