Paul Drennan-Durose takes over from Jon Pilkington who becomes non-executive chairman
CARBON8, a UK cleantech company specializing in carbon capture, utilization 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, have appointed Paul Drennan-Durose as their new chief executive officer.
Mr Drennan-Durose (pictured), who joins the company with immediate effect, succeeds John Pilkington who becomes non-executive chairman.
Mr Pilkington said: ‘Carbon8’s board and 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.’
Mr Drennan-Durose commented: ‘With the significant support of two major investors in EDF and Vicat SA, I’m delighted to have joined Carbon8, whose CCUS solution is relevant to heavy industries seeking cost-effective ways to decarbonize their operations and support the transition to a low-carbon economy.’
Carbon8’s CCUS technology captures CO2 emissions and combines them 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, containerized solution – described as ‘carbon capture in a box’.
Heavy industrial sectors such as cement have a need to adopt carbon capture solutions, like the CO2ntainer, that are quick to deploy. Carbon8 say being able to deliver a permanent carbon capture solution whilst offering a sustainable solution to industrial wastes and enabling the circular economy, puts them in the frame for those companies seeking to decarbonize their operations.