UK carbon capture, utilisation, and storage (CCUS) specialist Carbon8 has secured a £5m investment to advance deployment of its technology to be used to decarbonise hard-to-abate industrial sectors.
The funding included a co-investment of £4m by international cement group Vicat and energy giant EDF Group and its corporate venture capital arm, EDG Pulse Ventures.
By using its patented Accelerated Carbonation Technology (ACT), Carbon8’s CCUS solution could help reduce emissions in sectors such as cement, Energy from Waste, steel, and paper – industries currently responsible for over 20% of global GHG emissions.
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