Carbon8 Systems, a British producer of low-cost building solutions and agricultural fertilizers using carbon dioxide (CO2), entered into a strategic partnership with Return Carbon, a Dutch investment platform focusing on CCUS projects.
The partnership will allow Carbon8 to leverage its patented Accelerated Carbonation Technology (ACT) in Belgium and the Netherlands. Return Carbon will also support Carbon8 to secure certifications and funding for new projects.
The two companies aim to deploy their CCUS technologies covering four key industrial sectors: energy from waste, biomass power generation, paper & pulp, and steel production.
Analyst QuickTake: This strategic partnership with Return Carbon follows Carbon8’s strategic investment of GBP 5 million (USD 6 million) co-led by Vicat and EDF in June 2022. The company intended to use the funds to scale up the commercialization of its patented ACT process to produce low-cost valuable products across the construction and agricultural sectors. This scaled up Carbon8’s growth across the UK, continental Europe, and globally.
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