Carbon8 bags £5m funding

Carbon8 has secured a £5 million investment, led by EDF and Vicat, to accelerate the deployment of its carbon capture, utilisation and storage (CCUS) technology applied to industrial residues in heavy industry. At Vivatech (Paris), Carbon8 announced the closure of the funding round.

Vicat, the international cement group, EDF Group and its corporate venture capital arm, EDF Pulse Ventures, have co-invested £4 million in the company.
Carbon8 has developed and commercialised a technology to help hard-to-abate industrial sectors decarbonise, and shift these industries to a more circular operation by converting their residues into assets for commercial use. Carbon8’s CCUS solution can help industries like cement, energy from waste, steel and paper, achieve their net zero targets; these industries are currently responsible for over 20 per cent of global greenhouse gas emissions.