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COINTURK FINANCE > Business > ARK Capture Solutions Leads €5.6 Million Initiative to Tackle CO₂ Emissions
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ARK Capture Solutions Leads €5.6 Million Initiative to Tackle CO₂ Emissions

Overview

  • ARK Capture Solutions launches a €5.6M project tackling CO₂ emissions.

  • Technologies focus on capturing low-concentration CO₂ from flue gases.

  • Initiative promises regional economic and environmental benefits.

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Across industries, the need for innovative solutions to curb CO₂ emissions is becoming more urgent. A Belgian company is spearheading a pilot initiative that could define future strategies against industrial carbon output. ARK Capture Solutions is at the helm of a consortium that aims to explore viable carbon capture technologies, operating through a financial backing of €5.6 million. Tested in Wallonia, the project, named CO₂ DISRUPT, offers promise in commercializing these solutions.

Contents
What problem does CO₂ DISRUPT aim to solve?The action

In 2017, similar attempts were made, but the cost and efficiency barriers, particularly for industrial applications, hindered their wide-scale adoption. Earlier projects lacked a comprehensive approach, focusing merely on technology without significant stakeholder engagement, which the current initiative aims to address. Notably, collaboration between technology and academic institutions signals a shift towards more inclusive ecosystem development.

What problem does CO₂ DISRUPT aim to solve?

The project targets the significant percentage of global CO₂ emissions emanating from flue gases with low carbon dioxide concentrations, which are notoriously challenging to address using existing technologies. Current industrial contributors, including the steel and energy sectors, are scrutinizing new methods to curb these emissions. While alternatives like electrification are being considered, experts agree that immediate solutions lie in effectively capturing these emissions.

The action

CO₂ DISRUPT focuses on establishing an effective carbon capture technique specifically for low-concentration flue gases. The initiative encompasses diverse objectives, such as generating low-carbon steel and decarbonized electricity. Significant contributions come from scientific partners UMONS and Certech, who are lending their expertise in gas separation and process modeling. Furthermore, consulting on decarbonization serves as a pivotal component.

ARK Capture Solutions, by teaming up with notable industrial sites like Aperam Châtelet and ArcelorMittal Industeel, is set to implement the technology via a mobile pilot unit. This initiative not only prioritizes emission reductions but also strengthens local economic infrastructure.

“This project demonstrates that Wallonia can be at the cutting edge of innovation,” said Aurélien Vantomme, R&D Director at ARK Capture Solutions.

Cinergie was also highlighted for its role in optimizing the biomethanisation process through efficient CO₂ capture, showing versatile application across varied sectors. Additionally, ARK aims to establish itself prominently in the carbon capture industry, expanding its influence both regionally and potentially globally.

Vantomme further stated, “We foresee creating sustainable skilled jobs while promoting a low-carbon economy.”

Promising to bolster local expertise, the initiative underscores the importance of regional partnerships in pioneering sustainable technologies. The collaboration is not only about emission reduction but also focuses on enhancing the technical skills within the workforce. The project’s impact is foreseen to extend beyond Wallonia’s borders, setting a precedent for similar global endeavors.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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