German Federal Agency SPRIND Backs Carbo Culture with €2,3 million grant
Carbo Culture received a 2.3 million euros grant for the further development of innovative technologies for the permanent storage of CO2 in new products.- Leipzig, April 26, 2023.
The Federal Agency for Disruptive Innovations SPRIND has selected the participants for the second stage of the Challenge “Carbon-to-Value”. Having already received up to 700,000 euros for the first year, Carbo Culture will receive a further €2,300,000 by the end of this multi-year Challenge on 30 September 2024. The aim of this Challenge which is funded by Federal Ministry of Education and Research (BMBF) is to achieve a breakthrough in the use of CO2 from the air in new products to make the fight against climate change economically viable.
“To limit the serious increase in the global average temperature, it is not enough to avoid and reduce future CO2 emissions. We need to additionally remove a large amount of CO2 from the atmosphere,” explains Jano Costard, Challenge Officer of SPRIND.
“With this Challenge, we want to help new processes achieve a technical and commercial breakthrough to remove CO2 from the atmosphere and then store it in valuable products in the long term.” An international jury has selected the Carbo Culture for further funding: Carbo Culture sequesters carbon from waste biomass in the form of biochar, which can be used in concrete to reduce the ecological footprint and adds functionality as a heat conductor. The concrete guarantees long-term sequestration of CO2 and can secure a CO2- neutral footprint through the use of the biochar. With this process, additional revenues can be generated for carbon removal, which further increases the economic viability of the product.
SPRIND supports Carbo Culture in the further development of our technologies and commercialisation of products not only financially, but also with intensive coaching and contacts to private-sector investors. For more information on the SPRIND Challenge “Carbon-to-Value”, please visit https://www.sprind.org/en/challenges/carbon-to-value
About SPRIND — The Federal Agency for Disruptive Innovations SPRIND was founded on December 16, 2019, with its registered office in Leipzig. The sole shareholder is the Federal Republic of Germany, represented by the Federal Ministry of Education and Research (BMBF) and the Federal Ministry for Economic Affairs and Climate Action (BMWK). SPRIND fills a gap in the German innovation landscape: it finds new, groundbreaking technologies for the major challenges of our time, while ensuring that the value created by the resulting companies and industries remains in Germany and Europe. SPRIND is financed by funds from the federal budget. SPRIND is managed by Rafael Laguna de la Vera and Berit Dannenberg.
