Carbon Clean News, November 28, 2023
Carbon Clean joins 16 other companies spanning multiple geographies and industries to be awarded the 2023 Terra Carta Seal, including Airbus, Novartis and Siemens Energy.
- Carbon Clean is one of 17 global companies to have been awarded the Sustainable Markets Initiative’s 2023 Terra Carta Seal.
- The Terra Carta Seal recognises global companies which are actively leading the charge to create a climate and nature-positive future.
- Carbon Clean’s award-winning modular CycloneCC technology solves the biggest barriers to the widespread deployment of industrial carbon capture, enabling hard-to-abate sectors to decarbonise at a gigatonne scale.
- Winners were selected by a panel of global experts from the environmental, business, political and philanthropic worlds.
- Designed by Sir Jony Ive, the Terra Carta Seal embodies the vision and ambition of His Majesty King Charles III and the Terra Carta, as a recovery plan for Nature, People and Planet.
The Sustainable Markets Initiative today announced that Carbon Clean has been awarded its 2023 Terra Carta Seal. The Seal recognises global companies which are actively leading the charge to create a climate and nature-positive future.
The Terra Carta Seal is awarded to companies which have demonstrated the success of a high-impact, large scale company-wide project, initiative or strategy which aligns with one or more of the Sustainable Markets Initiative’s ten Terra Carta Articles. The Articles underpin the Terra Carta, the Sustainable Markets Initiative’s guiding mandate which provides a roadmap and framework to accelerate the transition to an ambitious and sustainable future, placing Nature, People and Planet at the heart of global value creation.
Carbon Clean was founded to decarbonise hard-to-abate industries and support their transition to net zero emissions. The company is revolutionising industrial carbon capture with its breakthrough technology, CycloneCC, which solves the biggest barriers to widespread adoption of industrial carbon capture: cost and space. As a modular, standardised and cost-effective solution, CycloneCC will be key in scaling the deployment of CCUS to achieve net zero by 2050.
CycloneCC has been selected by ADNOC for a carbon capture project at Fertiglobe’s plant located in the Al Ruways Industrial Complex, Abu Dhabi. The project is the first deployment of a 10 tonnes per day CycloneCC industrial unit anywhere in the world. It brings Carbon Clean a step closer to achieving full commercialisation of this modular solution, which will play a vital role in decarbonising heavy industry.
Carbon Clean joins 16 other companies spanning multiple geographies and industries to be awarded the 2023 Terra Carta Seal. They include:
- Airbus
- Carbon Clean
- CDPQ
- DLA Piper
- EY
- Haier Smart Home
- Hitatchi
- LanzaTech
- Novartis
- Orange
- Ping An Bank
- Pollination
- ReNew
- Robertson
- Siemens Energy
- Soneva
- Sumitomo Mitsui Financial Group
Jennifer Jordan-Saifi, CEO, Sustainable Markets Initiative, said:
“The Sustainable Markets Initiative’s Terra Carta Seal recognises those companies which are taking great strides in delivering real-world outcomes. As we stand on the eve of COP28, public, private sector and philanthropic actors will come together at the inaugural Business and Philanthropy Climate Forum to bridge the gap between ambition and action. It is examples exemplified by the 2023 Terra Carta Seal winners that are helping to inspire and lead the way.”
Aniruddha Sharma, Chair and CEO, Carbon Clean, said:
“We are honoured to be recognised by the Sustainable Markets Initiative for our contribution to the global transition to net zero. Carbon Clean’s mission is simple: to deliver cost-effective, space-saving, modular carbon capture technology, enabling hard-to-abate industries to decarbonise at scale.”
The Terra Carta Seal was launched in 2021 at COP26 by His Majesty King Charles III when he was the Prince of Wales. Since its inception, the Sustainable Markets Initiative has awarded its coveted Seal to just 83 companies globally.
For the first time this year, the judging process involved independent, external partners Verdantix and the Expert Review Panel, who worked together to assess the eligibility and impact of each nominated project against recognised global sustainability criteria.
This year’s cohort of winners impressed the judges with the breadth and scope of their projects, which included pioneering use of hydrogen and engineering-based initiatives to support carbon emission reductions, such as Carbon Clean’s modular carbon capture technology, to the development of new frameworks to support the distribution of private capital, at scale, into transition-related infrastructure across the African continent.
David Metcalfe, CEO, Verdantix, said:
“We are privileged to work with the Sustainable Markets Initiative, contributing our expertise in independent evaluation to the judging process. We take great pride in being an integral part of this esteemed global initiative, alongside a distinguished and diverse panel of experts. Together, we are dedicated to acknowledging and applauding the companies who lead the way in demonstrating their commitment to creating a sustainable future.”
Ends
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About Carbon Clean
Carbon Clean is a leader in revolutionising carbon capture solutions for hard-to-abate industries including cement, steel, refineries, and energy from waste. The company’s patented technology significantly reduces the costs of carbon capture when compared to conventional solutions.
Carbon Clean has over a decade of experience in designing, building, and operating industrial carbon capture systems and it has 49 technology references around the world. The company is an innovation leader in the CCUS market, with over 90 active patent assets across 16 patent families covering over 32 countries, and has developed a fully modular technology, CycloneCC, that is vital for scaling industrial carbon capture deployment to achieve global net zero targets.
Headquartered in the UK and with offices in the US and India, the company has received funding and grant support from the British and US governments and has established partnerships with industry leaders including Chevron and CEMEX. It is also an investor in the Swedish eFuel company, Liquid Wind.
For further information: www.carbonclean.com
About the Terra Carta Seal
Sir Jony Ive and his creative team at LoveFrom created a physical and animated seal engineered with paper that is both simple and beautifully crafted. The design combines a host of natural references including oak leaves, fern, magnolia and honeybees and intricate patterns both in nature and in the arts, creating a visual celebration which reflects the power of and reverence for nature that is at the heart of the Terra Carta.
Read more: https://www.sustainable-markets.org/terra-carta-seal/intro/
About the Sustainable Markets Initiative
Founded by His Majesty King Charles III in 2020, as Prince of Wales, the Sustainable Markets Initiative has become the world’s ‘go-to’ private sector organisation on transition. Launched in 2021, the Terra Carta serves as the Sustainable Markets Initiative’s mandate with a focus on accelerating positive results for Nature, People and Planet through real economy action.
Read more: www.sustainable-markets.org
About Verdantix
Verdantix is the essential thought leader for world-enhancing innovation. It supports changemakers with its proprietary data, unique expertise and executive networks. Its impactful analysis is delivered via a digital platform, consulting engagements and in-person events to thousands of decision-makers in more than 100 countries. From offices in London, New York and Boston, the Verdantix research team applies the principles of rigour, accuracy and curiosity to help its globally distributed clients solve their most complex challenges. verdantix.com
About LoveFrom and Sir Jony Ive:
Sir Jony Ive KBE is a designer. He joined Apple in 1992. As chief design officer, Jony was responsible for all hardware, user interface and packaging design, as well as the major architectural projects Apple Park and Apple retail stores. He led the design team for more than two decades, creating the iMac, PowerBook, MacBook, iBook, iPod, iPhone, iPad, AppleWatch, AirPods and HomePod. Co-founder Steve Jobs referred to Jony as his creative partner. He holds more than 14,000 patents worldwide, uniquely spanning both software and hardware design. Jony currently serves as chancellor of the Royal College of Art, is frequently voted one of Britain’s most culturally influential figures.
In 2019, Jony gathered the creative collective LoveFrom, which includes designers, architects, musicians, filmmakers, writers, engineers and artists. The combined experience, achievement and recognition of these creatives is without precedent.
The collective has been working quietly together since 2019, announcing multi-year collaborations with Airbnb and Ferrari. It has studios in San Francisco and London. lovefrom.com
About WAVE Equity Partners
WAVE Equity Partners (WAVE) is an independent sustainability-focused investment firm. We partner with early-growth companies whose proven clean technologies drive meaningful bottom-line impact and environmental benefits for large industrial manufacturers. Our industry knowledge and dedication to true partnership allow us to identify and support leaders whose innovative solutions are commercially accepted, deliver immediate impact and are poised to scale. WAVE is currently investing out of its third institutional fund and has approximately $440 million under management (AUM) as of June 30, 2023. For more information please visit https://waveep.com/ or by following the company on Twitter/X and LinkedIn.
