Cool Planet Technologies

Cool Planet Technologies is a carbon capture company aiming to significantly reduce the cost of removing carbon dioxide from industrial flue gas emissions using a membrane-based technology. The process can be used across a wide range of industries and applications and can be flexibly configured from a few thousand to multi-millions of tonnes per annum (tpa). The energy efficient solution can capture up to 99% of the carbon dioxide from a flue gas, exporting it as either a gas or liquid with a purity of 99.9%. The compact, modular process has a small footprint making it an ideal for both retrofit or new-build solutions. Operationally, the process is extremely flexible with rapid start-up, shut-down response and excellent turn up/down capability. Cool Planet is working with Holcim to decarbonise their Höver cement plant near Hanover in Germany. The technology has been previously piloted in three coal-fired power station projects and a highly successful fourth pilot was completed at Höver in May as part the project there. A commercial plant capable of capturing tpa will commence operations in 2025. The membrane used in Cool Planet's process was developed by Helmholtz Zentrum Hereon, part of Germany’s largest research organisation. Cool Planet and Hereon are collaborating in the development, up-scaling, demonstration and commercialisation of the technology. The investors in Cool Planet are Taranis Carbon Venture, ENI next, Neva SGR, Audacy Ventures, CRH Ventures and BlueScopeX.