bp and CarbonFree announce an agreement to collaborate on the development of carbon capture and utilization projects using CarbonFree’s SkyCycleTM technology. bp ventures has been an investor in CarbonFree for nearly 10 years.
CarbonFree’s SkyCycleTM 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. bp and CarbonFree will work to identify and pursue potential SkyCycleTM development projects at industrial facilities.
SkyCycleTM 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.
Courtesy of bp.