The company turns difficult-to-recycle food, farm and paper waste which would otherwise go to landfills or be sent for incineration into a product called CreChar®. The product is a carbon-rich, porous material that will help stabilise the performance of anaerobic digestion plants 1 and enhance green energy production from food and farming waste. CreChar’s circular solution permanently sequesters carbon in soils helping to secure a Net Zero future.
The investment has come from a new lead investor Green Angel Ventures along with valued existing investors Scottish Enterprise and Old College Capital.
Based on successful lab and industrial trials, Carbogenics’ ambitious growth plan includes building its first production facility in Perthshire to enable the launch of CreChar into the UK anaerobic digestion market. It’s anticipated the facility will be operational by the end of Q1 2024. The company is also creating new roles across production, operations and business development doubling its size and is in the process of raising further debt and investment finance in the coming months.
The investment round is remaining open until end of March 2024. Any interest should be directed to the CEO Ed Craig: firstname.lastname@example.org.