![]() Read more: Bulgarian Tinder of Jobs nPloy Gets €2M to Expand to Romaniaĭescription: The company works with forest owners, carbon offsetters, and public authorities to unlock the carbon capture potential of forests. To do so, they harness the power of archaea, an ancient microbe part of the microbiota of all organisms. So far, they raised $4.3M.ĭescription: Arkeon has developed a fermentation bioprocess that captures and converts carbon dioxide into functional and carbon negative ingredients for food, namely proteinogenic amino acids. Latest funding: At the beginning of 2023, the startup raised €2.75M in a round led by ICL from ICL Planet Startup Hub. ![]() Farmers can also use the digital platform to track, validate, and plan for improvements along their journey to reduce CO2 emissions and storing it within the soil. Latest funding: In March 2023, they raised a €46M series B from German investor HV Capital, impact fund AENU, fintech-focused Anthemis, and existing shareholders.ĭescription: They help farmers issue and sell third-party verified carbon certificates onto the voluntary carbon market, which are then purchased by companies wanting to offset their emissions. Solution: soil carbon certification program Location: based in Denmark, present in 16 European markets, including The Republic of Moldova One of Carbominer’s key advantages is that it harnesses intermittent energy from renewable sources. The technology relies on a mix of dry and wet CO2 capture approaches, using ion-exchange sorbent on the capture stage and electrochemistry-based regeneration on the CO₂ release stage. Solution: The company is developing modular direct air capture technology designed for local CO2 capture. Latest news: In 2020, the startup raised a seed investment from the SMRK VC to create industrial modules for capturing CO2 from the open air. Carbon storage via enhanced rock weathering source: Green Sequest The team is working on building an affordable and scalable technology, using a rock called serpentine, which has a great ability to capture and permanently store CO2. Read more: Bulgarian Hydrogen Production Startup Raises €2M To Replace Conventional Fuelsĭescription: Green Sequest aims to remove carbon from the atmosphere by capturing it into stone through a process called enhanced rock weathering. Previously, they were among the 8 startups that advanced to Stage 2 in the Carbon Removal ClimaAccelerator. Latest news: They are among the 20 semifinalists at the Infoshare Startup Contest 2023. Projects are selected based on 8 criteria, including integrity, additionality, verification, and location. Latest news: The company participated in the 2022 Rubik Garage Accelerator.ĭescription: The company offers a platform for science-based carbon removal projects for European companies and citizens. CCS solutions remove CO2 from the atmosphere and geologically store it, while CCU (carbon capture and utilization) solutions remove and reutilize carbon, by transforming into more valuable substances or products (for instance, plastics, concrete, or biofuel).īelow is a selection of recognized carbon removal companies, startups, and projects from Central and Eastern Europe.Ĭarbon removal startups in CEE and beyond With that in mind, we had a look at the state of carbon removal research, development, and deployment in CEE and neighboring countries. The industry is a vital part of the economy of the region, with a higher contribution to gross value added than the EU average industries like cement and chemicals have higher emissions than the EU average, and countries are significantly more dependent on fossil fuels. There are at least three reasons behind, according to CCS4CEE, a project funded by the EEA and Norway Grants to renew the debate on the deployment of the carbon capture and storage technology (CCS) in CEE and lead to new policies and joint projects. In Central and Eastern Europe, the deployment of technologies for carbon capture, storage and utilization (CCSU) may be even more important than in the West. This follows the endorsement of carbon removal technologies by the IPCC as a valuable part of the toolbox to achieve ambitious decarbonization targets. Carbon removal companies are having a moment as carbon capture and storage is moving up on the climate agenda of both European countries and the US.
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