CarbonFree and BP to Collaborate on Carbon Capture at Hard-to-Abate Industrial Sites

BP and CarbonFree announced an agreement to collaborate on the development of carbon capture and utilisation projects using CarbonFree’s SkyCycle technology. BP ventures have been an investor in CarbonFree for nearly 10 years.

CarbonFree’s SkyCycle captures and utilizes carbon emissions from hard-to-abate industrial sources by converting CO2 into specialty chemicals, including calcium carbonate. Calcium carbonate comprises more than 4% of the earth’s crust and is found throughout the world as chalk, limestone and marble.

CarbonFree has been developing and refining the technology for more than 15 years and the company’s ambition is to capture 10% of the world’s industrial carbon, thereby helping industries and companies reach their net zero goals.

“We are working with BP to accelerate the introduction of SkyCycle to the market,” said CarbonFree CEO Martin Keighley.

“As a valued supporter for nearly a decade, BP understands our technology and the potential impact it can have on helping decarbonize hard-to-abate industrial sites. SkyCycle is an innovative solution in this space, with already-proven technology and a compelling business proposition for customers.”

SkyCycle is a modular, scalable and patented technology designed to directly capture CO2 emissions from a wide variety of hard-to-abate industrial emitters.

The technology produces precipitated calcium carbonate (PCC). PCC is a high-value product used for a variety of industrial purposes, including in the manufacturing of paper, plastics, ceramics, paints, coating, adhesives, sealants, rubber and cleaning products.

#carbonfree #hardtoabate

Thanks for reading ESG News Asia! Subscribe for free to receive new posts and support our work.