Carbon8 appoints new chief executive: Paul Drennan-Durose
Published by Sol Klappholz,
Assistant Editor
World Cement,
Carbon8, the UK cleantech company that specialises in carbon capture, utilisation, and storage (CCUS), and which has EDF Pulse Ventures (the corporate venture capital arm of EDF), as well as French headquartered VICAT SA group as its main investors, has appointed Paul Drennan-Durose as its new Chief Executive Officer.
Paul Drennan-Durose succeeds John Pilkington who becomes Non-executive Chairman; Paul joins Carbon8 with immediate effect.
John Pilkington, Non-executive Chairman at Carbon8 said: “Carbon8’s board and its investors are delighted that Paul is now leading the business. Paul brings to the company a wealth of international board leadership and experience within industry, as well as in private equity and venture capital.” Paul Drennan-Durose, CEO of Carbon8 said: “With the significant support of two major investors in EDF and Vicat SA, I’m delighted to have joined Carbon8. Carbon8’s CCUS solution is relevant to heavy industries seeking cost-effective ways to decarbonise their operations and support the transition to a low-carbon economy.”
Carbon8's CCUS technology captures CO2 emissions and combines these emissions with industrial waste and residues (including fly-ash and cement by-pass dust) from the same plant to produce carbon negative construction aggregate. Carbon8’s patented CCUS solution is termed Accelerated Carbonation Technology (ACT) and is deployed via the CO2ntainer - a modular, containerised solution – described as carbon capture in a box.
Heavy industrial sectors, like cement and paper and pulp, need to adopt carbon capture solutions, like the CO2ntainer, that are quick to deploy. Being able to deliver a permanent carbon capture solution whilst offering a sustainable solution to industrial wastes and enabling the circular economy, puts Carbon8 in the frame for those companies seeking to decarbonise their operations.
In addition to securing investment from EDF and Vicat SA Group (in 2022), Carbon8 has achieved a number of milestones over the past three years; these include deploying its technology at a Vicat cement plant in France and at an EFW plant in The Netherlands and establishing business partnerships with FLSmidth and Return Carbon.
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Read the article online at: https://www.worldcement.com/europe-cis/15062023/carbon8-appoints-new-chief-executive-paul-drennan-durose/
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