Industry gets in on the carbonauts

by | Jan 25, 2022 | Uncategorized

Metal strip refiner HUEHOCO is a new shareholder of carbonauten and acquires 5 percent of the shares

Giengen an der Brenz, 18.01.2022 – HUEHOCO GROUP Holding GmbH & Co KG, a family-owned company from Wuppertal, North Rhine-Westphalia, has acquired a 5 percent stake in carbonauten GmbH. The start-up is currently negotiating with other interested parties from Germany and Japan.

With the international metal strip refiner HUEHOCO Group, which has sites on 4 continents, the “Minus CO2-Factory” has involved its first industrial partner.

“The combination of classic entrepreneurial values, respectful treatment of people and the environment, as well as the unconditional will to find innovative solutions is at the heart of our collaboration,” Iris and André Bovenkamp, managing partners of the HUEHOCO Group, explain the move. “We think alike, we feel alike, we are determined. Initial, almost childlike enthusiasm grows up and becomes the courageous decision to bring forward the harnessing of these multi-layered, diverse solutions for all of us.”

Tosten Becker, founder of carbonauten, explains the relevance of the investment as follows: “HUEHOCO is an important strategic partner for us, because with their investment they show that our solutions are relevant for the industry. In addition, we have similar values, because both sides are concerned with viewing ecology and economy as a holistic and harmonious system.”

There is a great deal of interest from various sectors ranging from automotive manufacturers to the construction industry, energy suppliers and agriculture – both in terms of projects and investments. The multiple award-winning start-up from Baden-Württemberg develops solutions to reduce CO2 emissions and costs on an industrial scale and has already raised €3.6 million from Climate Carbon, a subsidiary of shareholder ForestFinance Capital, in early 2021. Decentralized carbonization plants carbonize biomass residues into biocarbons, also producing base-load renewable energy. Each ton of these biocarbons stores the equivalent of up to 3.3 tons of CO2.

Applications for carbonaut technology range from agriculture to plastics and construction. The pilot plant in Eberswalde is scheduled to go on stream in spring 2022.

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