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.
Economic Acceleration Benefits
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.
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