Novocarbo operates Carbon Removal Parks that utilize pyrolysis technology to convert biomass into biochar, effectively sequestering carbon dioxide from the atmosphere. The company aims to remove one million tonnes of CO2 by 2030 while producing renewable energy and generating carbon credits through the permanent storage of carbon in biochar.
Funding
$27.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Mitigating climate change requires the removal of existing atmospheric carbon dioxide, but current carbon removal solutions often face limitations in scalability, permanence, and cost-effectiveness. Traditional methods may also lack the ability to create valuable co-products, hindering their economic viability and widespread adoption.
Solution
Novocarbo develops and operates Carbon Removal Parks that employ pyrolysis to transform biomass into biochar, achieving long-term carbon sequestration. This Biochar Carbon Removal (BCR) process captures carbon from plant residues, preventing its release back into the atmosphere. The resulting biochar is then utilized in various applications, including soil amendment, green construction, and material manufacturing, ensuring the durable storage of carbon. In addition to biochar, the pyrolysis process generates renewable energy, which can be offered as heat-as-a-service to local industries and utilities. Novocarbo also facilitates the generation and sale of carbon removal credits based on the amount of carbon sequestered in the biochar.
Target Audience
Novocarbo's primary customers include companies seeking to offset their carbon emissions through the purchase of carbon removal credits, as well as organizations in the agriculture, construction, and urban development sectors interested in utilizing biochar for its various benefits.
Features
- Utilizes state-of-the-art pyrolysis technology to convert biomass into biochar
- Produces biochar that permanently binds carbon, preventing its release into the atmosphere
- Generates renewable energy as a co-product of the pyrolysis process
- Offers heat-as-a-service partnerships to provide renewable heat to companies and municipal utilities
- Creates carbon removal credits based on the amount of carbon stored in biochar, verified through independent auditing processes
- Applies biochar in agriculture to improve soil health and fertility
- Integrates biochar into concrete to reduce its carbon footprint and enhance product features
- Provides biochar for urban greening projects to filter stormwater pollutants