A DUMFRIESSHIRE firm’s ambitions to develop the world’s largest carbon capture plant by 2024 has had a major boost.
For Carbon Capture Scotland at Crocketford has secured a seven figure sum investment from Steyn Group to facilitate further growth.
Carbon Capture Scotland is a leading net-zero carbon capture asset specialist, and already operates one of the UK’s largest dry ice manufacturing sites here in Dumfries and Galloway.
And the business, set up and run by brothers Richard and Ed Nimmons, has ambitions to develop the world’s largest carbon capture plant, which the latest funding round supports.
The company uses specialist technology to capture biogenic CO2 emissions, meaning CO2 that is captured through the growth of plants and other biomass. These emissions can be processed and either used to create sustainable products or stored permanently underground.
The process removes CO2 emissions on the atmosphere and has potential to reverse the effects of global warming.
Ultimately, their work supports a range of businesses and positively contributes towards Scotland’s ambitious targets of net zero emissions before 2045, and the UK’s by 2050.
The business operated as Dry Ice Scotland in 2012 before rebranding as Carbon Capture Scotland last year.
Richard Nimmons said: “We are leading the way in commercialising proven and scalable CO2 utilisation technologies. Ultimately, we put CO2 to use in a way that benefits wider economic growth and society whether that be for food and beverage manufacturing or removing it to reduce its presence in the atmosphere.
“This latest funding will be instrumental in enabling us to achieve our goal to be the global leader in carbon capture, which is a huge coup for Scotland.”
The deal was managed by Alistair Lang and Columban Young-Smith, from Thorntons’ Ventures and Innovations team.
Alistair said: “Carbon Capture is a fascinating and rapidly expanding market and the work of Richard and his brother Ed in this sector is impressive.
“We’ve worked with their business supporting on property matters as well as new carbon capture contracts and agreements. This funding has opened even more doors for growth and we’re proud to have played a role in supporting such an ambitious and successful Scottish business.”