Pentair and dCarbonX will work together to advance carbon capture and sequestration projects in Ireland and the United Kingdom. Haffmans B.V., a wholly owned subsidiary of Pentair Water Process Techn...
Pentair and dCarbonX will work together to advance carbon capture and sequestration projects in Ireland and the United Kingdom.
Haffmans B.V., a wholly owned subsidiary of Pentair Water Process Technology B.V., and dCarbonX are pleased to announce a new collaboration to advance their Carbon Capture and Sequestration (CCS) projects in Ireland and the United Kingdom (UK) to help mitigate carbon emissions. With combined expertise in carbon extraction and sequestration technologies, the two companies will work together to help reduce carbon emissions.
According to the International Energy Agency (IEA) 2021 Global Energy Review, published on its website, CO2 emissions are set to surge by 1.5 billion tonnes in 2021 (a 5 percent increase from 2020), making it even more critical to address carbon mitigation efforts in the fight against climate change.
The IEA Global Energy Review goes on to emphasize carbon capture, utilization and sequestration (CCUS) as “the only group of technologies that contributes both to directly reducing emissions in critical economic sectors and to removing CO2 to balance emissions that cannot be avoided – a balance that is at the heart of net-zero emission goals”.
Haffmans B.V., a leader in biogas upgrading and CO2 recovery systems, will utilize its Carbon Capture Technology to focus on the extraction, recovery, and purification of CO2 from Irish and UK energy plants, while asset-focused GeoEnergy company, dCarbonX, will originate and develop subsurface sequestration solutions.
This collaboration aims to both minimize the effects of carbon emissions on the environment and to increase the expansion of CCS sites that use local geology to sequester carbon from regional emitters. Local subsurface sequestration solutions, as opposed to overseas sites, help to reduce carbon handling, shipping costs and emissions, making local subsurface sequestration sites better for both the environment and energy consumers.
In addition, local sequestration capacity provides public and private emitters with independent ‘security of sequestration,’ which will help enhance their future sustainability and competitiveness.
Tony O’Reilly, CEO of dCarbonX, said:
“We are delighted to be working with Pentair, a globally significant player in both carbon capture & sustainability. Our new partnership initiative is designed to provide UK and Irish customers with local, sustainable and competitive carbon sequestration solutions. Our strategy is focused on working with medium and small-scale emitters to build the business case of the development for local carbon sequestration capacity. We believe that this unique combination of carbon capture and subsurface competencies is perfectly balanced to serve an overlooked segment in the emerging carbon industry.’’
Jerome Pedretti, Pentair EVP & President Industrial & Flow Technologies, commented:
“Delivering smart, sustainable solutions that empower our customers to make the most of life's essential resources is our mission at Pentair. We are excited to work with dCarbonX, as an expert in subsurface sequestration, to bring forth a unique solution to help accelerate CCS projects in the UK and Ireland as companies work to achieve CO2 reduction and neutrality targets.”
dCarbonX Ltd is a pioneering GeoEnergy company established to develop subsurface hydrogen storage, carbon sequestration & geothermal baseload assets to facilitate the Energy Transition. Based in London & Dublin, dCarbonX Ltd is using its proprietary knowledge base to originate & build a portfolio of high-value Energy Transition assets in Ireland & the United Kingdom. dCarbonX is strategically supported by Stena Drilling, AGR, Fugro, & CGG.
dCarbonX is being advised by Lambert Energy Advisory (“LEA”) on its ambitious wider plans for growth in Europe’s fast-expanding new energy sector. LEA is one of the world’s leading energy-focused corporate finance firms having advised on c.$150 billion of energy-related transactions in recent years. LEA has also been at the forefront of advising on the rapid growth potential of the offshore wind industry and other new energy sectors, such as hydrogen and carbon storage.