Carbon elimination companies are currently experiencing increased attention, carbon capture and storage is gaining momentum in climate programs in European and United States. Approval of Carbon elimination technologies By the IPCC, more than underlined their role in achieving ambitious decarbonization objectives.
Below, you can find a selection of carbon elimination companies, startups and recognized projects from Central Europe and Europe.
Carbon elimination startups in the EEC and beyond
Carbony
Location: Bulgaria, Austria
Solution: Carbon market
Latest news: The company participated in the Garage Rubik 2022 garage accelerator.
Description: The company offers a platform for carbon elimination projects based on science for European companies and citizens. The projects are selected according to 8 criteria, in particular integrity, additionality, verification and location.
Green sequence
Location: Poland
Solution: carbon sequestration
Latest news: They are among the 20 semi-finalists of the InfoShare Startup 2023 competition. Previously, they were among the 8 startups which progressed to step 2 in the climaaccelerator of the elimination of carbon.
Description: Green Sequest aims to eliminate carbon from the atmosphere by capturing it in stone through a process called improved rocky alteration. The team works to build an affordable and scalable technology, using a rock called Serpentine, which has a large capacity to permanently capture and store CO2.
Carbominate
Location: Ukraine
Solution: Carbon capture
Latest news: In 2020, the startup noted an investment in SMRK VC seeds to create industrial modules to capture CO2 from the outdoors.
Solution: The company develops a modular direct air capture technology designed for the local CO2 capture. The technology is based on a mixture of approaches to capture dry and humid CO2, using an ion exchange sketch on the capture stage and regeneration based on electrochemistry on the CO₂ release stage. One of the main advantages of Carbominer is that it exploits the intermittent energy of renewable sources.
Attacked
Location: based in Denmark, present in 16 European markets, including the Republic of Moldova
Solution: Soil carbon certification program
Last funding: In March 2023, they raised a B series of 46 million euros from the German investor HV Capital, Impact Fund Aenu, Anthemis focused on the fintech and the existing shareholders.
Description: They help farmers to issue and sell carbon certificates verified by third parties on the voluntary carbon market, which are then purchased by companies wishing to compensate for their emissions. Farmers can also use the digital platform to follow, validate and plan improvements throughout their trip to reduce CO2 emissions and store it in the soil.
Arkeon
Location: Austria
Solution: Carbon disburse
Last funding: At the beginning of 2023, the startup collected 2.75 million euros in a tour led by ICL from ICL Planet Startup HUB. So far, they have collected $ 4.3 million.
Description: Arkeon has developed a fermentation biopation that captures and converts carbon dioxide into functional and negative carbon ingredients for food, namely proteinogenic amino acids. To do this, they exploit the power of Archaea, an old microbe part of the microbiota of all organisms.
TREE.
Location: Austria
Solution: Carbon market
Description: The company works with forest owners, carbon compensation and public authorities to unlock the potential for capturing forest carbon. Companies can buy carbon credits to compensate for their emissions while supporting regional protection projects against the forest climate.
Repair
Location: Israel
Solution: Carbon capture
Latest news: The startup won the Dutch competition of the New Energy Challenge 2022 organized by Rockstart, Shell, Unknown Group and Yes! Delft.
Description: The direct repair air capture solution has developed an electrochemical device that uses electricity and a selective membrane to separate CO2 from air. According to the company, the solution has the advantage of requiring less energy consumption than other technologies, of being modular and easily scalable, and requiring neither heat nor water.
Startups: the investment landscape in Europe is dried up more and more
Other projects to capture and storage carbon in EEC
Several research and demonstration projects of carbon, storage and use have taken place in CEE countries, often funded by industry or structure funds, and many of which have been abandoned or not reported transparently. Below, we present some of the most recent projects.
Devnya Ciment
(Heidelbergcement subsidiary)
Location: Bulgaria
Solution: Carbon capture and storage
Latest news: They recently received 190 million euros from the EU innovation fund, to transform it into a CCUS cluster for Bulgaria and border regions in Romania and Greece.
Description: The company works on the first carbon -channel carbon capture and storage project in the Balkans. They aim to capture carbon dioxide of operations and permanently store them in the offshore gas field exhausted under the Black Sea.
Note: Heidelbergcement has also deployed or planned carbon elimination pilot projects in the Czech Republic and Poland.
In are
Location: Croatia
Solution: Carbon capture and storage
Description: He operates several carbon capture and storage projects, in particular, since 2014, the CO2-EOR project in the oil fields of Ivanić and žUtica. The project captures 0.56 Mt of CO2 per year from the Molve natural gas treatment plant and kills it on the oil fields. The company also operates the Icord project, aimed at capturing approximately 1 metric tonne of CO2 per year from several places in the center of Croatia (including a fertilizer plant and a natural gas treatment station) and inject it into the Pannonie petroleum field. It should start by 2025.
Find out more: Investment in sustainability: when profitability achieves sustainable objectives, with the stimulant capital VC Fund
Coal chemical treatment Institute (ICHPW)
(Organization)
Location: Poland
Solution: use of carbon
Description: ICHPW has developed an innovative method of Capture, concentrate and purify CO2 by reusing it in the production of sodium carbonate. The technology has been implemented by Ciech, a first producer of Polish chemicals, in a undercover production plant, resulting in the reduction of CO2 emissions by at least 5,000 tonnes per year.
Secure lithium reserves? The EU launches the raw materials with Chile
via Recursive