Freeths advised Carbon8 on the deal.
Carbon8 raised £5m in a Series A investment led by the French multinational companies Vicat Group and EDF Group, and its venture capital arm, EDF Pulse Ventures.
Carbon8, the UK-based clean technology company specialising in carbon capture, utilisation and storage (CCUS), have a patented an award-winning technology that enables heavy industry to achieve its goals of zero landfill and Net Zero emissions ambitions.
Carbon8’s patented ACT (Accelerated Carbonation Technology) process combines industrial residues with captured CO2 emissions to produce high-value minerals. Through the deployment of its innovative CO2ntainer, Carbon8’s process becomes a Plug ‘n Play solution, which is scalable and modular. The CO2ntainer can be deployed directly to an industrial site, capturing carbon from the point source and permanently storing it in the output materials of the ACT process.
Vicat Group, the international cement company, was Carbon8’s first commercial strategic customer in 2020 when a CO2ntainer was deployed at Vicat’s Montalieu-Vercieu cement plant, near Lyon in France. For EDF Pulse Ventures, the solution developed by Carbon8 enables EDF Group to support its industrial customers in their decarbonization strategy with a “CO2 as a service” offer, finding new outlets for their residues.
The Freeths team led by Tom Brown (Picture) and Mohammed Abbas, together with support from Baljit Atwal, Alex Angelides and Freeths’ wider market-leading multi-disciplinary teams provided strategic legal advice to Carbon8 to help it progress the Series A investment.
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