CCM highlights patented and certified technology as it pursues €50m investment to support its groundbreaking global carbon reduction plans

With its patented, tested, and certified technology, CCM’s pioneering initiative is set to transform the power and industrial sectors by offering a highly economical yet efficient way to capture and convert CO₂ to stable mierals, i.e calcium carbonates.

Through the leadership of CCM CEO Knut Hagenes, the company’s cutting-edge process captures and converts CO₂ into a stable, non-toxic, and storable mineral. CCM’s technology boasts high-capacity units (100,000-750,000 metric tons per annum) with a small footprint (20m x 20m). These encouraging figures make retrofitting of existing fossil fuel power plants and industrial facilities attainable.

CCM is building up momentum for its first commercial-scale testing at a cement plant in Europe in Q2 and Q3 2024. Furthermore, there are options for full-scale deployment or joint venture collaborations after. Initial agreements are in place with a cement factory in Europe to complete the first case study and cost assessment for a project to capture 750.000 MT CO₂ per year, using waste products from the cement production as feedstock, and producing valuable building materials from the converted.

In its bid for global expansion, it is worth highlighting that CCM is planning to establish fully-owned subsidiaries in Singapore and Australia. The Singapore subsidiary is targeting industrial plants in collaboration with CO2CRC. It is aimed for the first commercial test in the second half of 2024 followed by full-scale implementation by the second half of next year.

The Australian subsidiary, on the other hand, is meant to collaborate with CO2CRC Ltd on using waste water from desalination as the feedstock for mineralising the CO₂, with its commercial testing scheduled for the second half of 2024, with a full-scale deployment by the first half of 2025.

With Knut’s robust and well-thought-out expansion plans firmly established, CCM is poised to garner interested investors to join in such a groundbreaking venture. Given the feasibility and viability of the CCM’s overall objectives, more global investment opportunities are seen on the horizon, post the €50 million capital raising.

Upon understanding the mission of Knut Hagenes and his CCM team, investors are introduced to state-of-the-art, profit-yielding, and most importantly, cost-reducing means of combating climate change that is beneficial to their respective companies for the long term.