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Cool Planet Technologies

Cool Planet Technologies (CPT) develops cutting-edge, patented membrane technology for highly efficient, chemical-free CO₂ capture from industrial emissions. Our modular solutions reduce energy use by 60% and space by 50%, cutting capture costs by up to 50% for effective industrial decarbonization.
2019
11-50
Helsinki, Southern Finland, Finland

https://coolplanettech.com/

Carbon CaptureCleanTechEnvironmental EngineeringSustainability
Innovation
Investment Funding
People
Products
Future Plan
Awards and Recognitions
M&A and Collabs
News

Innovation

Industry Problem

Cool Planet Technologies is addressing several critical problems in the carbon capture industry, particularly focusing on the challenges faced by industrial sectors.

R&D Focus

Cool Planet Technologies is advancing research in membrane-based carbon capture systems, focusing on modular, energy-efficient solutions for industrial sectors with high CO₂ emissions. Their R&D targets hard-to-abate industries such as cement, refining, steel, and waste-to-energy, developing next-generation membranes optimized for automated mass production, high capture capacity, and low environmental impact, without the use of chemicals or solvents.

Innovative Solution

Cool Planet Technologies uses a modular, membrane-based carbon capture solution that separates CO₂ from industrial flue gases with up to 99% efficiency and 99.9% purity. The system is compact, scalable, chemical-free, and electrically powered, making it adaptable to sectors such as cement, steel, and refining. Its plug-and-play design enables fast deployment, low energy use, and a cost-effective path to industrial decarbonisation.

Solution Effectiveness

Cool Planet Technologies’ solution is highly effective, achieving up to 99% CO₂ capture with 99.9% purity, while using up to 60% less energy and occupying 50% less space than conventional systems. It also offers a cost reduction of up to 50% per tonne of CO₂ captured, making it a highly efficient, scalable, and economically viable option for industrial decarbonization.

Investment Funding

Last Funding Stage

Early Stage Venture

Total Funding Amount

$25.6M

Last Funding Amount

$25.6M

Last Funding Date

October, 2024

Startup Stage

Series A

Lead Investors

Neva SGR, Eni Next, Taranis Investment, Audacy Ventures, CRH Ventures

Revenue

$1M to $10M

People

Founders

  • Bengt Carlström
  • Mark Purdy

Board Members

  • Andrew Corner David Sorin
  • Victor Choley
  • Vicary Gibbs

Products

Product

– PolyActive™ Membrane Technology – Efficiently separates CO₂ from industrial emissions with high purity and low energy use. – Modular Membrane Capture Systems – Compact, scalable units for easy integration and retrofitting in industrial plants. – 3rd Generation Membrane Modules – Proven CO₂ capture tech used in pilot and demo plants (e.g., Holcim Höver). – 4th Generation Membrane Modules (upcoming) – Double capacity, automated production, for large-scale CO₂ capture projects. – Customer Reviews – NA

Star Product

The star product is Cool Planet Technologies’ membrane-based carbon capture system using Hereon’s PolyActive™ membrane technology. It stands out because it significantly lowers the cost and energy required for capturing CO₂, especially in hard-to-abate industries such as cement, steel, and coal-fired power. Its chemical-free, energy-efficient process powered by renewable electricity makes it environmentally friendly, scalable, and ideal for retrofitting existing plants, addressing a critical need for affordable, large-scale industrial decarbonization.

Demo Product or Complete Product?

Cool Planet Technologies has not yet launched a commercial product but is currently in the demonstration and scale-up stage. Their carbon capture system, based on Hereon’s PolyActive™ membrane technology, has been successfully tested in pilot projects, including at Holcim’s Höver cement plant since early 2022. The initial system captured 5,600 tons of CO₂ per year, with planned expansions to 170,000 tons in 2024 and 1.3 million tons by 2026. They are building a larger demonstration plant targeting 10,000 tons per year, expected to be operational soon. This staged approach aims to validate the technology’s performance, economics, and operability before full commercial rollout.

Future Plan

Market Expansion

Cool Planet Technologies is plaaning expansion in Germany with Holcim.

Awards and Recognitions

Awards

– EU Horizon Programme Award – ESG Company Award

Media Apperance

– Global Cement – AZO Cleantech – Sustainable Times – Carbon Capture Magazines – Carbon Herald

M&A and Collabs

Collab

CPT has a significant collaboration with Holcim Deutschland GmbH to decarbonize their Höver cement plant. This includes projects such as the Höver Phase 1 and Phase 2a, where CPT is using its membrane-based carbon capture technology

Collab

CPT and Carmeuse Technologies collaborated by signing a Memorandum of Understanding (MOU) to explore decarbonization solutions for Carmeuse’s lime production facilities, utilizing CPT’s membrane-based carbon capture technology

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