Puro Qualified listing

Novocarbo - Future Carbon Removal Baltic Sea

Quantity
36 217
CORC Price
200 €
Production Timeline
Q3 2022-Q2 2032

About the project

At Novocarbo, we are currently launching the first large-scale carbon removal project in Germany. In the pursuit of climate neutrality, we have successfully established a culture of (1) actively removing atmospheric CO2, (2) sequestering it into biochar to prevent any further contribution to global warming and (3) putting this valuable carbon to novel use: By converting high volumes of biogenic residues into carbon dioxide removals (CDR) on an industrial scale, we facilitate healthy soils and blue-green infrastructure concepts as well as the transition to a circular economy.

Once incorporated into soil the contained carbon is removed from the natural cycle for centuries: A stable CO2 sink and the sole, long-term and environmentally beneficial CDR – capable of reaching commercial scale – is on the verge of becoming a reality.

Parallel to existing capacities, a new facility of the Novocarbo Group is set to start production in Q3 2022 in the northern part of Germany, that will generate about 3,700 additional CORCS annually, with potential for further expansion. Bulk quantities will be made available as pre-CORCS via puro.earth. Alongside biochar sourced from sustainable organic material, significant heat quantities are generated, and the municipal grid is fed with clean and sustainable energy. The facility serves as our third production site and will support our central sustainable substrate production. This plant will further enable us to expand our intensive R&D endeavors and allow for a broader approach to collaborative projects.

The financing is in place, equipment purchased, and permissions are currently being processed by the local authorities, while HR force stands ready to utilize the Novocarbo Group's sales channels that allow for efficient distribution of the biochar produced in the first place. 

 

Key Project Data

  • Type of project info
    New facility or site
  • Carbon removal methodology info
    Biochar
  • Durability of carbon removal in years (number) info
    1000
  • Co-benefits info
    Environmental Benefits
    • Our manufacturing process is state of the art. Once activated, the autothermal process runs largely on its own and requires just marginal additional energy input, sourced from renewable energies. This results in a CO2 negative production process. Excess energy is fed into the grid.
    • Our process ensures the highest product quality and integrity through compliance with internationally accepted norms such as the European Biochar Consortium (EBC) standard. The incorporation of the material into industrial value chains allows for compensating CO2 emissions by insetting.
    • With our biochar we improve the carbon footprints of products by distinctively tailoring and incorporating our materials into goods.
    • Biochar added to compost results in substantial methane reductions, which is particularly beneficial for substrate-dependent industries and for our own production.
    • It further reduces nitrous oxide emissions, nitrate- and phosphorus leakage, helps reducing the utilization of mineral fertilizers and therefore protects water, soil and boosts biodiversity. By this we pave the way for productive agriculture with positive environmental impacts.
  • Sustainable Development Goals (SDGs) info
  • Production facility country info
    Germany
  • Site visits are possible info
    Yes
  • Certifications or assessments info
    • EBC Certificate
    • puro.earth
    • EBC C-Sink Certificate
    • PEFC certified suppliers
    • Previous production sites already audited
  • Project start date info
    01/01/2021
  • Expected certification and issuance date info
    01/07/2022
  • Annual carbon removal capacity in tCO2e (number) info
    3700
  • Additionality info

    Economic Acceleration Benefits

    • The first objective is to further promote the ecological value and capabilities of biochar and use this additional revenue stream to subsidize biochar prices, facilitating further application.
    • Secondly, the additional pecuniary advantages will allow us to increase our R&D activities towards developing more possibilities for insetting practices based on pyrogenic carbon capture and storage (PyCCS) technologies.

    The plant will produce around 3,700 CORCS annually; capacities can be expanded to meet growing certificate demand. A large portion of generated credits will be emitted through this platform prior to production launch and made available to the market as pre-CORCS. The site is fully funded, which mitigates risks for demand-side entities, as carbon removal operations are not solely dependent on the additional capital generated through this platform. For this reason Novocarbo is pursuing 3-5 year contracts of quarterly deliveries of CORCs for a single fixed advance payment.

About the supplier

NovoCarbo GmbH

NovoCarbo is a leading operator of pyrolysis plants and an international trading platform for biochar and its derivatives. We draw from a vast network of strong partnerships and collaboration with research institutions to push the frontiers in biochar applications. We leverage this breadth of knowledge and experience in operator concepts for industrial clients offering carbon removal as a service.
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