NeoCarbon Will Install a Pilot DAC Unit at a German Supermarket

21.06.2024

4 mins

NeoCarbon announced a strategic partnership with Greenman, one of Europe’s leading real estate investment fund managers. In an initial pilot project, NeoCarbon will install its proprietary carbon capture system at a Greenman-operated site, which owns and manages a portfolio of more than 90 supermarkets and food retailers across Germany. Greenman, acting in its capacity as Alternative Investment Fund Manager to Greenman OPEN and the entire Greenman Group, has signed a cooperation agreement with NeoCarbon outlining the terms of this initial project and announcing the intention to retrofit the full Greenman OPEN portfolio with NeoCarbon modules.

The first module installed in the pilot project is expected to capture several tonnes of CO2 per year. NeoCarbon’s technology can be integrated into the building’s existing heating, ventilation, and air conditioning (HVAC) system. By using waste heat as an energy source—for example, the excess heat generated by freezers and refrigerators—the modules can reduce carbon emissions cost-effectively while contributing to the building's overall energy efficiency.

John Wilkinson, Greenman CEO, stated, “Sustainable and profitable growth is our driving principle at Greenman. This project aligns perfectly with our goal to achieve net-zero across our portfolio by 2050, as well as our commitment to an innovative approach that fosters positive development in the retail sector. We look forward to a fruitful partnership with NeoCarbon and to continued efficiency improvements in our supermarket portfolio.”

René Haas, NeoCarbon co-founder and CEO, commented, “As negative emissions and energy efficiency grow in importance, we are proud to help grocery retailers make progress toward these targets in a way that’s compatible with their existing operations. With Greenman as a partner, we have the opportunity to take clear steps toward achieving net-zero in Germany’s food retail sector.”