Carbon Capture Scotland to capture and re-use green CO₂ from Iona Capital’s biomethane AD plants
Green biogenic CO₂ to be captured and re-used as dry ice, a vital product in the food, cold logistics
and pharmaceutical industries, so helping these industries reach Net Zero
Carbon Capture Scotland Limited (“CCSL”)
has signed an agreement with Iona Capital (“Iona”), the UK low carbon
investment fund manager, to capture and reuse green carbon dioxide from Iona’s biomethane
plants located across the UK. The
captured carbon dioxide (CO₂) will be used by CCSL to create low-carbon and low-energy dry ice
for use in the food, cold logistics and pharmaceutical industries.
The agreement between Iona and CCSL is an
extension of their existing partnership at Iona’s Crofthead Anaerobic Digestion/biogas
plant in Dumfries (south west Scotland), which is the first and only biomethane
facility in Scotland to operate with carbon capture. At their adjacent site to the Crofthead plant,
CCSL takes the CO₂ from Crofthead to make dry ice for commercial use.
The two companies plan to extend their
agreement to any future AD/biogas plants that Iona may develop in the UK,
continental Europe and North America.
Alex Todhunter, Investment Manager at Iona
Capital said: “This partnership with CCSL offers the food, cold logistics and
pharmaceutical industries a “green” dry ice that will help towards their
Net Zero and sustainability goals. The utilization
of CO₂ generated from farm waste and crops is yet another demonstration of
how anaerobic digestion contributes to a sustainable low carbon future and the
circular economy.”
Richard Nimmons, Director of Carbon Capture
Scotland Limited said : “CCSL’s partnership with Iona will accelerate our
business growth in our home market of Scotland and further afield. Importantly,
it represents a scalable framework for clear, measurable carbon removal that
brings us closer to our goal of removing 1million tons of CO₂ from the atmosphere per year.”
CO₂ is an essential compound used
in the food, cold logistics and pharmaceutical industries and is most commonly
produced as a by-product during ammonia production (c 80% of the ammonia
produced by industry is used in agriculture as fertilizer). Ammonia production is an energy and carbon
intensive process, taking up nearly 2% of annual global energy production. 100% biogenic green CO₂ from farm wastes and crops, using renewable electricity, provides a low energy
green alternative.
Iona Capital Ltd.
123 Pall Mall
London SW1Y 5EA