The captured CO2 will be turned into high value commodity products such as omega-3 oils and protein to be used in food and feed products.
This ‘carbon capture as service model’ uses micro-algae organisms and a modular photobioreactor fitted into standard shipping containers. The photobioreactor technology is easy to install, scale and operate, said the founder, former Unibio CEO, Henrik Busch-Larsen.
He started ALGIECEL mid-2021, with the vision of making CO2 removal cost-neutral.
He and the team have designed a business model that looks to transform the cost challenge of CO2 removal and potential emission penalties into a profitable business opportunity across the entire value chain, with revenue sharing central to the concept.
“Carbon emitters would need to invest in the photobioreactor but, when we start producing omega-3 oils and protein, the revenue from sales of those derivative products will be shared with the clients so, over time, the process would be cost-neutral, with clients, eventually, running a small profit off the back of their CO2 problem,” he told us.
The focus is on highly-compact units that can be set up next to the CO2 source. “We could even stack these containers, [which is another benefit of this model] as a lot of the industrial sites are limited for space.”
And as the process becomes more high-yielding, the idea would be to reduce the scale of on-site capacity in a staggered manner, said the founder.
Letters of interest signed
Industrial emitters such as biogas plants have indicated strong interest in the service, said Busch-Larsen, and the startup has also had positive feedback from potential buyers of its algae-based derivative products.
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March 18, 2022 at 08:52PM
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Former Unibio CEO gets funding for startup aiming to make CO2 removal cost-neutral - FeedNavigator.com
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