Carbon8, the UK cleantech company that is specializing in carbon capture, utilisation and storage (CCUS) for heavy industry, has signed a collaboration agreement with Return Carbon (part of the Return Group), a Dutch investment platform following an Invest-and-Build approach focused on companies that accelerate the Energy Transition and the Circular Economy.
Return Carbon will work with Carbon8 to build its presence in Belgian and Dutch markets. The two companies will target four key industrial sectors: Energy from Waste (EFW), Biomass power generation, Paper & Pulp and Steel production. These hard-to-abate industries, along with cement, are responsible for over 20% of global greenhouse emissions.
Carbon8’s CO2ntainer – its ground-breaking modular CCUS solution that can be deployed directly on site – can help these sectors decarbonize and shift to a more circular operation. The company’s patented Accelerated Carbonation Technology (ACT) combines their industrial residues (such as waste ash in an EFW plant or a biomass-fueled power station) with captured CO₂ emissions to produce high-value aggregates and agricultural fertilisers. These new products can be reused, closing the loop of a circular value chain. The partnership will also focus on bringing these carbon negative products to market.
Return Carbon will be Carbon8’s strategic business partner in Belgium and The Netherlands. Return Carbon will identify and secure projects in the two countries where Carbon8’s carbon capture and use technology is suitable for deployment. Return Carbon 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.