Metal strip refiner HUEHOCO is a new shareholder of carbonauten and acquires 5 percent of 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.
The international metal strip refiner HUEHOCO Group, which has sites on 4 continents, is the first industrial partner of the “minus CO2-factory”.
“The combination of classic entrepreneurial values, respectful treatment of humans 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 matures. We are convinced that the courageous decision to harness this multifaceted, diverse technology will move us all forward.”
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 manufacturing. In addition, we have similar values, because both sides view 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, while also producing base-load renewable energy. Each ton of these biocarbons stores the equivalent of up to 3.3 tons of CO2.
Applications for the carbonauten technology range from agriculture to the plastics and construction industries. The pilot plant in Eberswalde is scheduled to go into operation in summer of 2023.
