The Carbon Removers Join Launch of New Nordic Carbon Removal Association, Backing Scandinavia’s Role as Climate Innovation Hub

Scottish startup expands into Denmark with commitment to short-distance, permanent carbon removal built on local partnerships

Edinburgh / Copenhagen – 3d June 2025

The Carbon Removers, a Scottish startup specialised in removing and permanently storing biogenic carbon in the UK and Denmark, is joining the Nordic Carbon Removal Association (NCRA) as a founding member, supporting the Association’s launch on June 3rd at the Danish Chamber of Commerce in Copenhagen. The move marks a significant step in the company’s commitment to scaling local, high-integrity permanent carbon removal projects across Scandinavia.

Short Supply Chains, Permanent Storage

The Carbon Removers focus on capturing biogenic CO₂ from fermentation industries and biogas plants. Their model is local by design: carbon is captured and permanently sequestered close to the source, minimising transport and reducing costs.

“Building short, local value chains is core to our business model,” says CEO Richard Nimmons. “In the UK, we work with whisky distilleries and store CO₂ through mineralisation. In Denmark, we work with biogas plants and will be injecting the CO₂ deep under the North Sea in partnership with Greensand Future operated by Ineos Energy.”

First UK Company to Partner with Greensand Future

In December 2024, The Carbon Removers became the first UK company to sign an agreement with Greensand Future, the EU’s first operational CO₂ storage site. This partnership will see 50,000 tonnes of CO₂ per annum permanently stored in a depleted oil field beneath the Danish North Sea beginning in 2025.

Denmark: A Natural Fit for Biogenic CDR

The company’s expansion into Denmark builds on the country’s leadership in biomethane production and its rich supply of agricultural waste, particularly manure from dairy and pig farming. This enables large-scale carbon removal while also mitigating methane emissions from untreated manure.

A Growing Nordic Movement for Carbon Removal

The Carbon Removers’ NCRA membership reflects growing momentum to make the Nordics a global hub for high-quality permanent carbon removal. As the NCRA unveils its strategic blueprint for scaling removals across the region, The Carbon Removers offer a proven model for immediate deployment and access to high-integrity carbon credits, supporting climate conscious companies in meeting their climate goals today.

 

About The Carbon Removers
The Carbon Removers capture biogenic CO₂ from fermentation industries such as biogas plants and store it permanently through offshore geological storage or via mineralisation. Founded by brothers Ed and Richard Nimmons, the company operates in the UK and Denmark and is expecting to scale to a million tons of carbon removal per annum by the early 2030s.

About the Nordic Carbon Removal Association (NCRA)
NCRA is a new trade association uniting Nordic stakeholders to build a thriving carbon removal industry. Its mission is to drive policy, market development, and implementation of high-integrity carbon removal across the region.

CNN Showcases The Carbon Removers: A Blueprint for Carbon Capture in Whisky Production

The global spotlight is turning towards innovative climate solutions, and The Carbon Removers have just been featured on CNN for our groundbreaking work in capturing CO₂ emissions from whisky production. This recognition marks a major milestone in our mission to scale carbon removal technologies while supporting Scotland’s iconic whisky industry.

Whisky and CO₂: A Hidden Challenge

Scotland’s whisky industry is steeped in tradition, but it also comes with a hidden environmental issue, significant CO₂ emissions during fermentation. Until now, these emissions were simply released into the atmosphere. Our work at The Carbon Removers changes that narrative by capturing and repurposing biogenic CO₂, ensuring that whisky production can remain both sustainable and profitable.

CNN’s Spotlight on Our Work

CNN’s latest feature highlights our collaboration with Whyte & Mackay’s Invergordon distillery, where we are capturing CO₂ directly from the whisky fermentation process. This CO₂ is then either utilised in industries such as dry ice manufacturing or permanently sequestered in building materials or underground to contribute to global carbon removal targets.

Key Highlights from the CNN Feature:

A scalable carbon removal model: Our technology ensures that emissions from whisky production are no longer a liability but an asset.

Partnerships for impact: By working with whisky giants like Whyte & Mackay, we demonstrate how traditional industries can integrate cutting-edge climate solutions.

A vision for the future: As part of our expansion plans into Scandinavia we aim to remove over 50,000 tons per annum from 2026 positioning us a leader in biogenic carbon removal.

To watch CNN’s full feature on The Carbon Removers, check it out here:
👉 CNN Feature on The Carbon Removers

If you’re a distillery, business, or investor looking to be part of the carbon removal revolution, get in touch, together, we can turn biogenic carbon capture into a global climate solution.

🚀 Join the movement. Remove biogenic carbon. Build a cleaner future.

Auto Trader partners with The Carbon Removers to Support Biogenic Carbon Removal through Credit Purchase

United Kingdom, 20th Feb 2025 – Auto Trader, the UK’s largest automotive marketplace, has partnered with The Carbon Removers to purchase permanent biogenic carbon removal credits. This initiative demonstrates Auto Trader’s commitment to sustainability and its ongoing leadership in line with its strategy of “Putting the Brakes on Carbon” across the automotive and technology sectors.

The credits purchased by Auto Trader with support from Abatable represent biogenic CO2 captured and permanently stored in innovative aggregates used for road building and building blocks. This forward-thinking solution not only aligns with Auto Trader’s sustainability goals but also provides critical support for scaling carbon removal technologies that have a lasting impact on the environment.

“By partnering with The Carbon Removers, we are actively supporting solutions that make a tangible difference,” said Christos Tsaprounis, People & Culture Director of Auto Trader. “This purchase marks an important step in our sustainability journey, and we are proud to continue with our carbon reduction plans for our own operations and also invest in innovative carbon removal technologies that align with our vision of a greener, more sustainable future.”

This collaboration with The Carbon Removers plays a key role in accelerating the adoption of engineered carbon removal solutions, including future large-scale projects such as biogenic CO2 capture with geological carbon storage in Denmark.

Key Benefits of This Initiative: 

  • Supporting Carbon Removal Innovation: Purchasing credits that enable the scaling of biogenic carbon removal technologies.
  • Carbon Removal for Infrastructure: Captured biogenic CO2 is permanently embedded into aggregates through mineralisation with our storage partner, OCO Technology. These aggregates are then used in road and building projects, demonstrating how emissions can be transformed into durable, valuable materials for sustainable infrastructure.
  • Continued Climate Leadership: Auto Trader continues to set an example for aligning business practices with climate-conscious initiatives.
  • Paving the Way for Scale: Helping The Carbon Removers advance large-scale carbon storage projects, including geological sequestration.
  • Sanjay Parekh, Chief Commercial Officer at The Carbon Removers, commented, “The support of forward-thinking organisations like Auto Trader is critical to scaling carbon removal solutions. Their purchase of biogenic carbon removal credits allows us to expand our operations and move closer to achieving large-scale impact through projects such as our Denmark expansion into biogenic CO2 capture and geological storage.”

     

    About Auto Trader 

    Auto Trader Group plc is the UK’s largest automotive marketplace. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.

    Auto Trader’s purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.

    With the largest number of car buyers and the largest choice of trusted stock, Auto Trader’s platform sits at the heart of the UK car buying process. That platform is built on an industry-leading technology and data platform, which is increasingly used across the automotive industry. Auto Trader is continuing to bring more of the car buying journey online, creating an improved buying experience, whilst enabling all its retailer partners to sell vehicles online.

    Auto Trader publishes a monthly used car Retail Price Index which is based on pricing analysis of circa 800,000 unique vehicles. The same data that powers the Index is used by the Office for National Statistics to make the UK’s official measures of inflation more robust, as well as the Bank of England to feed the broader UK economic indicators.

    For more information, please visit: https://plc.autotrader.co.uk/

    About The Carbon Removers

    The Carbon Removers is a carbon removal company dedicated to engineered carbon removals, focusing on biogenic carbon. The company provides decarbonisation solutions to combat climate change, by capturing and permanently storing CO2 through mineralisation technologies and geological storage. The Carbon Removers, founded by brothers Richard and Ed Nimmons, have announced a breakthrough contract for permanent CO2 storage of 50,000 tons per annum in the Danish North Sea in early 2026, a European first.

    www.thecarbonremovers.com

    What is biogenic CO2 and why does it matter for climate action?

    Not your normal industrial site

    Picture this: frost on the ground, a clear blue sky, and the warm, satisfying smell of roasted malt barley in the air. Around us, purple and green heather-clad hills and crystal-clear water bubbling through a burn. This is the beautiful, invigorating experience of visiting one of the many whisky distilleries in the Scottish Highlands. It’s also the site of one of Europe’s largest programs to capture and remove biogenic CO2 – operated by The Carbon Removers.

    The process of producing biogenic CO2 is very different from the billowing smokestacks we often picture when we think of carbon capture. It happens in natural, rural environments – like here. At The Carbon Removers, we install equipment to capture, process, and transport biogenic CO2. We then ensure it is stored safely and permanently. This removes CO2 from the atmosphere, which helps fight climate change.

    Did you know there were two types of CO2?

    CO2 generally comes from one of two sources: fossil or biogenic.

    • Fossil CO2 is embedded within fossil fuels. Millions of years ago, CO2 was absorbed by organic matter when atmospheric CO2 concentrations were much higher than today. Over time, that CO2 was trapped in geological formations, turning into oil, gas, and coal. When we burn these fuels, we re-release that ancient CO2 back into the atmosphere. Fossil CO2 is millions of years old.
    • Biogenic CO2 is absorbed by plants through photosynthesis. As crops like wheat, barley, cotton, or trees grow, they capture CO2 from today’s atmosphere. Later, when these materials are burned, fermented, or decomposed, that CO2 is released again. Because it was only recently absorbed, it’s part of the natural carbon cycle. Biogenic CO2 is days, months, or years old.

    When we capture and permanently store biogenic CO2, we break the natural cycle and reduce atmospheric CO2 levels. That helps us move toward net zero and help stabilise our climate.

    A low-hanging fruit for climate action – with local benefits

    At The Carbon Removers, we focus on capturing biogenic CO2 from what we see as “low-hanging fruit” – processes like fermentation and anaerobic digestion. For example, when we partner with a whisky distillery, we capture CO2 that was absorbed by barley just months earlier, likely from a field a couple of miles away.

    This work has co-benefits. It supports local farmers, strengthens rural economies, and brings new skills and opportunities to the countryside.

    Turning CO2 into stone – and building materials

    So what happens to the CO2 after we capture it? We transport it to mineralisation sites, where it reacts with recycled limestone and turns into solid carbonate minerals. The resulting material can then be used as an aggregate in building materials. This achieves two things: we lock away CO2 permanently and produce a low-carbon material for construction.

    We take quality seriously. Every project goes through strict evaluation criteria. You can read more about those here.

    How this fits into the bigger climate picture

    When we permanently remove biogenic CO2, the entire process is documented and verified, creating a certified carbon dioxide removal (CDR) credit. We track every detail: where the CO2 came from, when it was captured, the emissions involved in transport, how and when it was stored – and more.

    Companies can buy these CDR credits to balance out their unavoidable emissions. Global standards like the SBTi make it clear that CDR should only be used for residual emissions that can’t be eliminated. We need to be confident that supporting CDR will never draw attention away from investing in clean energy or reducing energy consumption. CDR is an additional tool that supports a full transition to net zero. However – it is something that we can do today, so why wait?

    Why wait?

    Carbon removal can’t solve climate change alone. But it’s something we can do today, and every tonne we capture helps reduce the damage. Plus, it often happens in unexpectedly beautiful places.

    So, next time you enjoy a dram of whisky, I encourage you to take a moment to think about the barley growing in the nearby fields, the pristine surroundings where it’s produced – and the teams working hard to make it a climate-positive experience and to make the world a little easier for the next generation.

    Northern Trust Develops Capability to Create Digital Voluntary Carbon Credits in Near Real-Time 

    New functionality via The Northern Trust Carbon Ecosystem™ could streamline the verification process for Voluntary Carbon Markets 

     

    CHICAGO, January 30, 2025Northern Trust (Nasdaq: NTRS) has announced a significant enhancement for the Voluntary Carbon Market (VCM) through the ability to generate digital voluntary carbon credits in near real-time on The Northern Trust Carbon Ecosystem™. 

    Northern Trust has been working with project developers focused on climate solutions and their data collection providers to streamline the generation of verified carbon credits to enable more automation in the VCM. The Northern Trust Carbon Ecosystem was able to receive data and record carbon credits in near real-time from participating providers, with the associated data attributes captured and stored on individual credits for accuracy and transparency. These data attributes encompass precise measurements including carbon dioxide capture flow rates, power consumed to capture the carbon dioxide and parameters critical for robust verification and traceability such as when and where the carbon was captured.  

    Justin Chapman, global head of Digital Assets and Financial Markets, at Northern Trust,  said: “Despite some automation and digitization in the VCM over the last few years, the measurement, reporting and verification of carbon credits has been characterised by manual processes which are resource- and time-intensive. This additional capability of The Northern Trust Carbon Ecosystem further enhances our ability to support a fully digital lifecycle management solution for voluntary carbon credits. The recordation of verified carbon credits in near real-time on our platform supports project developers in expediting the commercialisation opportunity of their projects.” 

    Northern Trust has been collaborating with data collection providers and project developers, including: 

    InceptionX which provides an end-to-end platform for equipment monitoring and carbon measurement, enabling the quantification and validation of carbon assets and industrial equipment in real-time. By integrating advanced IoT devices, machine learning capabilities, and real-time data collection, InceptionX successfully transmitted quantified carbon data from a wastewater recycling installation in San Francisco to The Northern Trust Carbon Ecosystem, facilitating the creation of carbon credits.

    Mangrove Systems, a digital measurement, reporting and verification (dMRV) solution for project developers focused on carbon dioxide removal and carbon storage, and The Carbon Removers, a UK-based project developer who which captures, removes and sequesters biogenic carbon.  Northern Trust is working in partnership with Mangrove Systems to enable a more automated and timely real time verification of the carbon credits generated from The Carbon Removers’ carbon capture plants located at a Scottish distillery. Real-time data from the plants is being collected automatically by Mangrove’s dMRV system and mapped against The Carbon Removers’ protocol. It is then sent to Northern Trust to generate carbon credits via its ecosystem, leveraging the detailed data and evidence related to the carbon dioxide capture and sequestration provided by Mangrove Systems.

    Tom Dickie, Chief Executive Officer, at InceptionX, said: “The Northern Trust Carbon Ecosystem provides us with a set of solutions that allows us to securely create carbon credits in near real-time on behalf of our project developer clients, enabling them to transact those credits in a shorter timeframe.” 

    Brandon Vlaar, Chief Executive Officer, at Mangrove Systems, said: “The Northern Trust Carbon Ecosystem will store critical data parameters required for robust verification and traceability of each credit, enhancing the transparency into the verified carbon credits and speeding up the time it takes to have them recorded on a register.” 

    Sanjay Parekh, Chief Commercial Officer, at The Carbon Removers, said: “Having the capability to capture specific information like the date, location and flow rate for every carbon credit we capture and sequester allows us to ensure that the buyers of our credits can see the full lifecycle of each credit created – providing full transparency and traceability.” 

     

    Northern Trust announced the formal launch of The Northern Trust Carbon Ecosystem in September 2024 with the first live transactions. The ecosystem connects institutional buyers with project developers focused on climate solutions to avoid, reduce, or remove greenhouse gases in the atmosphere. Supported by private ledger digital blockchain technology, buyers can purchase digital carbon credits directly from project developers and retire these against their emissions footprint. Northern Trust acts on instruction to record, transfer and settle digital carbon credits in its capacity as the designated custodian 

    What is a Chief Carbon Officer, and Why Do We Need Them?

    Question: Ed, you’re a co-founder of The Carbon Removers, and your title is Chief Carbon Officer. Can you share the thinking behind that title, especially since it’s not a common one?

    Ed: It’s true, the title isn’t typical, but then again, the sector we’re working in isn’t typical either. Carbon capture and carbon removal are still emerging markets. The role of Chief Carbon Officer (CCO) is designed to focus on building this new market and pioneering the sector, while the CEO handles the more traditional business challenges.

    “We are pioneers, and need to create market momentum”

    It’s a huge opportunity—one we’re really excited about. The potential size of the carbon removal market is far greater than what’s available today. As the market matures, new players will come in. But for now, we’re pioneers, creating the momentum needed. This is a vast field, and this role of Chief Carbon Officer reflects the importance we place in shaping the future of the carbon market.

     

    Question: The context is looking a little more challenging for the sector right now, how do you plan to address this?
    We need to go beyond the green agenda
    At The Carbon Removers, we believe that future carbon markets will need to be driven by commercial realities.  As Chief Carbon Officer, I really want to tie together the commercials of the market and the carbon considerations around what we’re doing. We need to go beyond the green agenda.  In the climate space, we need to be existing in a commercial field. We can’t just talk about how good what we’re doing is ethically and environmentally. The goal is to build a carbon market that is a legitimate business sector, not one that relies solely on voluntary commitments, because that’s a weak foundation. Climate businesses like ours have a unique opportunity to take action today, but only if we develop solutions that are commercially viable.

    “We need Chief Carbon Officers to pioneer solutions that make sense commercially and environmentally”

    Over the next decade, we expect the market to gradually shift from voluntary participation to a more compliance-driven approach. During that transition, we are pioneering solutions that make sense both commercially and environmentally. That’s why we need Chief Carbon Officers—because it’s about doing something that’s never been done before and creating solutions not just for our company, but for the entire market.

     

    Question: Concretely, can you give an example of solutions that work today?

    Let me give you an example of how getting on the front foot today, in terms of carbon removal, makes sense commercially.  The airline industry is an obvious, large emitter, and there’s lots of different voices saying what should be done there. On one hand, some people are saying we need to travel less. On another hand, people are saying we need to switch to sustainable aviation fuel – potentially different fuel sources, like electric or hydrogen. Right now, it’s actually cheaper for airlines to decarbonise by investing in carbon removal through a solution like ours than to buy sustainable aviation fuel (SAF). In the future, the cost of SAF will drop, but the point is this: by removing carbon today, airlines can begin decarbonising their operations now, while also supporting the development of future sustainable fuels. And that, to me, highlights an incredibly freeing opportunity, because we can do something about today’s emissions whilst we’re developing future technologies. 

    “We can do something about emissions today whilst developing future technologies”

     

    Question: What is your three year ambition?

    In three years, I hope my personal contribution to this space will be a market that truly understands the value of high-quality carbon removal. And that understanding needs to happen on two levels: first, awareness of the different types of carbon removal, what defines high quality, and why there are price variations in carbon credits. And second, a broader understanding of how, when, and why we need to remove CO2 from the atmosphere.

     

    In conclusion: we’re all defining our roles from the ground up!

    The title of Chief Carbon Officer may be new, but in reality, all of our roles are new. Every person in our business is in an entirely unique situation, building a brand-new supply chain and defining their role from the ground up. It’s a remarkable place to be in.

    The Carbon Removers Secures Landmark CO₂ Storage Deal in The North Sea

    The Carbon Removers have signed on Tuesday December 10th a breakthrough deal to sequester 50 000 tonnes of CO2 permanently in a depleted oil field, 1,800 metres below the North Sea seabed.

    This is part of Greensand Future, the EU’s first operational CO2 storage facility intended to mitigate climate change, operated by INEOS. Greensand Future aims to safely capture and permanently store 400.000 tons of CO2 each year from the end of 2025, with a potential to store up to 8.000.000 tons of CO2 per annum.

    Richard Nimmons, CEO of The Carbon Removers, says:

    “We believe the North Sea has a huge role to play in helping Europe achieve its Net Zero target. We’re delighted to be the first UK company to partner with Greensand Future operators, who share our ethos of finding practical ways to address emissions today, not in the distant future.”

    The deal will help The Carbon Removers scale up its offering of high quality, permanent carbon removal credits, to offer real, practical solutions to decarbonization targets and accelerate the transition to Net Zero.

    This comes 24 hours after the first minister of Scotland John Swinney visited The Carbon Removers on site in Dumfries. John Swinney said:

    ” It is inspiring to see companies like The Carbon Removers leading the way in delivering permanent carbon solutions.”

    His visit was a strong signal of Scotland’s support for local climate innovators such as The Carbon Removers.

    About The Carbon Removers
    The Carbon Removers is a Scotland-based company dedicated to engineered carbon removals, focusing on biogenic carbon. The company provides decarbonization solutions to combat climate change, by capturing and permanently storing CO2 through mineralisation technologies and geological storage. The Carbon Removers, founded by brothers Ed and Richard Nimmons, has shown strong momentum in the past few weeks, with a multiyear carbon credit offtake agreement with British Airways signed in October, the visit of the first minister of Scotland on December 9th and the announcement of a breakthrough contract for North Sea storage later that week.

    More information: www.thecarbonremovers.com

    About GreenSand Future
    ‘Greensand Future’ will become the EU’s first operational CO2 storage facility intended to mitigate climate change, with the aim of initiating storage operations into the Nini field in the Danish North Sea at the end of 2025/early 2026. INEOS is the day to day operator of the project, partnering with Harbour Energy, and Nordsøfonden.

    The CO2 in the first phase of Greensand Future will be captured and liquified at Danish biomethane production plants, transported to the port of Esbjerg, and then shipped by Royal Wagenborg to the Nini field in the Danish North Sea for safe and permanent storage.
    The European Commission has estimated that the European Union will need to establish a carbon storage capacity of 250 million tonnes of CO2 per year by 2040 to achieve the objectives of the Paris Agreement.

    The results of Project Greensand have been verified by the independent and world-leading provider of risk, verification and standardisation services, DNV. The thorough technical verification ensures that the stored CO2 remains safely and permanently in the closed Nini West reservoir 1,800 metres below the North Sea seabed, as expected.

    For additional information about Project Greensand Future, visit: www.projectgreensand.com

    First Minister of Scotland Visits Pioneering Carbon Removal Facility in Crofthead

    Crofthead, Dumfries, Scotland, 9th December 2024 – The First Minister of Scotland, John Swinney, today visited a pioneering carbon capture facility in Crofthead, Dumfries, operated by The Carbon Removers. The visit highlighted Scotland’s leadership in engineered carbon removals, a critical part of the country’s strategy to combat climate change and achieve its net-zero goals.

    The Carbon Removers is at the forefront of transitioning from utilising captured CO2 to focusing on its permanent removal. By developing its proprietary capture technology and working with transportation and sequestration partners, the company aims to store captured CO2 in building aggregates and geological storage, creating a scalable, permanent solution for reducing atmospheric carbon. This transition positions The Carbon Removers as a key player in Scotland’s push to lead in carbon removal innovation and the development and creation of high-quality carbon removal credits for organisations that have made net-zero commitments.

    The visit, held in collaboration with South of Scotland Enterprise (SOSE), underscored the economic and environmental importance of fostering sustainable industries that support both local communities and global climate goals.

    Speaking at the event, the First Minister, John Swinney, said:
    “Scotland can be a world leader in the green transition, and carbon removal is a vital part of that journey. It is inspiring to see companies like The Carbon Removers leading the way in delivering permanent carbon solutions. By focusing on carbon removal, they are helping Scotland tackle the climate crisis while creating opportunities for future generations.

    “The Scottish Government is working to end Scotland’s contribution to global emissions by 2045. That’s why the Scottish Budget 2025-26 proposes a record £4.9 billion in funding to accelerate our transition to net zero and tackle climate change and biodiversity loss, including £25 million to support the creation of new jobs in the green energy supply chain here in Scotland.”

     

    Prof. Russel Griggs OBE, Chair of SOSE, said:
    “We have worked closely with The Carbon Removers from the beginning of their journey and are delighted to see the exciting progress they have made, which is currently taking them into new international markets. With the South of Scotland now being the nation’s Natural Capital Innovation Zone, we see companies such as The Carbon Removers as vital to helping drive forward innovation and also helping attract responsible investment to benefit our region, and the rest of Scotland “

     

    Richard Nimmons, CEO of The Carbon Removers, said:
    “We are honoured to welcome the First Minister to our facility at this exciting stage in our company’s journey. By focusing on permanent carbon removal through mineralisation, we are not just addressing today’s climate challenges but creating a sustainable pathway for the future. Our work aims to ensure CO2 is permanently removed from the atmosphere, supporting industries and governments in their shared goal of a net-zero world.”

     

    The transition to permanent carbon removal represents a major step forward for Scotland’s ambitions to lead in engineered climate solutions. The Carbon Removers continues to collaborate with partners across industries and governments to deliver innovative and scalable technologies that advance global decarbonisation efforts.

    Innovative Finance Agreement Signed with Carbonaires and UBS

    15th November 2024 – We have successfully secured vital financial support through a pioneering carbon finance transaction facilitated by Carbonaires in collaboration with UBS. This innovative initiative will help The Carbon Removers to decarbonise the Scotch whisky supply chain, ultimately benefiting the environment and providing financial returns to investors by delivering carbon removal credits to them.

    The transaction represents a significant step in scaling engineered carbon removals, unlocking approximately 134,000 verified carbon credits over several years, as analysed by Carbonaires. These credits are produced by removing carbon dioxide from the production processes of whisky distilleries in Scotland and storing it initially in cement, with plans for future injection into former oil wells and other permanent storage facilities.

    The Carbon Removers, will leverage this investment to decarbonise a key UK industry while providing measurable carbon credits, which are increasingly critical in the push for net zero. Our CEO, Richard Nimmons, emphasised: “This partnership with UBS and Carbonaires brings vital financial support to our efforts, directly integrating UBS clients into the carbon removal process. This transaction sets a new precedent for climate-positive investment in the financial community.”

    Pakua Capital’s participation, facilitated by UBS, reflects growing confidence in carbon removal investments. The deal was structured by Carbonaires, leveraging their expertise in carbon finance and due diligence, and verified by Puro.earth, ensuring transparency and high integrity. This milestone illustrates how innovative finance can drive investment in technologies essential for achieving net zero emissions.

    Alison Barto, Chief Partnerships Officer at Carbonaires, commented: “Widening access to the voluntary carbon market has been a critical gap, and we are excited to have pioneered this opportunity with UBS and The Carbon Removers. This is just the beginning of significant new capital flows that will empower carbon removal technologies and accelerate progress toward net zero.”

    UBS’s Executive Vice Chairman of Investment Banking, Kevin Arnold, also highlighted the importance of financial innovation in this sector: “The first-of-its-kind transaction we structured with Carbonaires demonstrates our commitment to developing new pathways for funding climate technologies. With a high internal carbon price of $400 per metric ton applied across our investments, we believe in backing high-quality carbon removal projects that have the potential to reshape the carbon market.”

    Carbonaires expects that the integrity of the Puro.earth-verified project, combined with potential returns, will attract additional institutional investors, including pension funds and family offices. The transaction is a key example of how early-stage financing and diverse capital blends can bring scalable carbon removal solutions to market

    Carbon Capture Scotland to Showcase Expertise at Nordic Biogas Conference 2024

    Edinburgh, Scotland, UK – 30th Sep 2024 – Carbon Capture Scotland, a pioneer in biogenic carbon removal solutions, is proud to announce its participation in the prestigious Nordic Biogas Conference (NBC) 2024, held in the heart of Copenhagen, Denmark, from 22nd-24th October 2024. This influential event will bring together industry leaders, policymakers, and innovators to explore the future of biogas in the transition to a sustainable, low-carbon economy.

    Representing Carbon Capture Scotland, Richard Nimmons, Peter Kriklywi, and Raphael Pfaeltzer will join the international forum to share insights and foster strategic partnerships that drive the biogas sector forward. Richard Nimmons, CEO, will contribute to a panel discussion on “Business Potential and Challenges in the Biogas Sector,” scheduled for Tuesday afternoon.

    “Navigating Opportunities and Overcoming Barriers”

    Richard Nimmons’ participation in the panel will focus on the evolving business landscape of the biogas sector. He will delve into the commercial opportunities and obstacles that companies face in scaling biogas projects, highlighting Carbon Capture Scotland’s innovative approach to integrating biogas production with carbon removal technologies.

    “Our presence at the Nordic Biogas Conference underscores our commitment to advancing the biogas sector through collaboration and innovation,” said Richard Nimmons. “We look forward to sharing our experiences and engaging with industry peers to accelerate the adoption of biogenic carbon removal solutions.”

    Pioneering Carbon Removal Solutions

    Carbon Capture Scotland is at the forefront of the carbon removal industry, specialising in engineered solutions that transform biogenic CO₂ emissions into valuable carbon credits. By leveraging state-of-the-art technologies and partnerships across the energy sector, the company is positioned to make a significant impact on achieving net-zero targets in the UK, Scandinavia and beyond.

    Join Us at NBC 2024

    Carbon Capture Scotland invites all stakeholders and attendees to connect during the conference to explore collaboration opportunities that drive the biogas and carbon capture industries forward.

    For media inquiries or to schedule a meeting with our team at NBC 2024, please contact:

    Raphael Pfaeltzer

    Chief Operating Officer

    Carbon Capture Scotland

    Email: rpfaeltzer@carboncapture.scot