With €14 million in funding from the European Union, the ICO2NIC project will drive the development of Carbon Capture and Utilisation (CCU) technologies by transforming industrial CO2 waste into valuable resources, advancing economic sustainability and helping to achieve EU climate targets.
Launching in January 2025, the ICO2NIC strategy will promote CO2 capture and electrochemical conversion to transform industrial CO2 waste into valuable feedstock. The project aims to capture and valorise waste CO2, making CCU economically viable, and paving the way to substantially reduce global emissions. Through ICO2NIC’s CO2 capture and conversion technologies, the project will be able to produce high-value goods and materials, creating opportunities for long-term CO2 capture in Europe.
Key aspects the project will focus on include:
- Capturing and electrochemically converting CO2into formic acid.
- Using renewable energyand innovative technologies to reduce CO2 emissions and energy consumption.
- Producing high-value goods and materials while supporting decarbonisation efforts in the EU refinery sector.
The project consortium consists of 11 partners across the CCU value chain: SINTEF, Avantium, Tüpraş, Cool Planet Technologies, b.fab, Procter & Gamble, Idener Research & Development Agrupacion De Interes Economico, Nopalm Ingredients, Bio Base Europe Pilot Plant, TNO, and CO2 Value Europe.
Over the next 4 years, b.fab will scale up it´s bioprocess for protein production together with the strong consortium partners and will prove the whole value chain from industrial CO2 emitter up to customers in feed applications.
The team of b.fab is very excited to start the project and to demonstrate it´s technology at scale advancing the technology readiness level (TRL) closer to market implementation.
Find the full press release here.