Displaying items by tag: Neustark
Neustark announces upcoming rapid expansion in Europe
19 January 2024Switzerland: Carbon capture and storage (CCS) equipment developer and supplier Neustark says it plans to more than double the number of its CO2 storage sites in Austria, France, Germany, Switzerland and the UK to 34 from 14. Neustark’s process turns mineralised captured CO2 and existing mineral waste streams into useful limestone. Building materials producers lease Neustark’s storage sites to produce reduced-CO2 alternatives such as recycled concrete. The sites currently have a total storage capacity of 5000t. Existing customers include Holcim.
Neustark CEO Johannes Tiefenthaler said “Neustark is scaling up rapidly, and we’re well on track to achieve our aim of permanently removing 1Mt of CO₂ by 2030. Our global goal is a series of reliable, region-specific CCS facilities that can be replicated anywhere, offering immediate sustainability benefits to local supply chains.”
Neustark sees potential in German market
04 January 2024Germany: Switzerland-based CO2 mineralisation technology developer Neustark says that it sees major potential for recycling concrete from construction and demolition waste (CDW) to produce carbon-negative products using its process in Germany. Neustark inaugurated its first German plant, and 12th overall, at Marzahn in Berlin in late 2023. Capital Online News has reported that the start-up estimates that Germany generates 60Mt/yr of CDW concrete, but only recycles 600,000t/yr (1%). This contrasts with international CDW concrete recycling rates as high as 15% in Switzerland and the US.
The start-up, founded at the Federal Institute of Technology Zurich in 2019, currently absorbs 10kg/t of CO2 in its recycled materials, but aims to reach 60kg/t. Its investors include Holcim.
Holcim invests in Neustark
20 September 2023Switzerland: Holcim has invested in CO2 mineralisation technology developer Neustark. Neustark aims to remove 1Mt of atmospheric CO2 by 2030 and sequester it in recycled construction and demolition waste. The company’s technology achieved Gold Standard certification as a method of CO2 removal in March 2022. Holcim says that its investment advances its group commitment to putting clean technologies to work towards achieving net zero.
Holcim’s Europe regional head Miljan Gutovic said "At Holcim, we are working to decarbonise building for a net zero future, and Neustark's technology helps us reach this goal. After the successful demonstration of Neustark's solution in Switzerland, we are ready to scale up this carbon removal technology globally."