Two businesses scoop £40,000 for their ideas to combat climate change
Jan 26, 2011
Two businesses, with innovative ideas to combat climate change, won £40,000 from the Shell Springboard programme, designed to promote the growth of green businesses in the UK.
Cambridge Carbon Capture received the financial boost for its electrochemical mineral carbonation process which generates electrical power from hydrocarbon fuels whilst permanently capturing the carbon dioxide produced as a useful solid product.
Petroc Technologies from Edinburgh also received an award of £40,000 to help develop its technology that prevents leakages from underground reservoirs used in Carbon Capture and Storage (CCS) by providing a self sealing method for the stored CO2.
The Shell Springboard programme has awarded over £1.6 million to 43 UK small businesses since it launched in 2005. The programme helps small businesses make an impact in the fight against climate change by providing a no-strings-attached financial boost to companies with innovative products and services that could help reduce greenhouse gas emissions.
Arne Dekock, UK CCS Project Director at Shell said: “It is encouraging to see UK businesses generating innovative ideas and solutions to reduce carbon emissions. We have seen some technologies that could significantly impact industrial and commercial-scale projects such as carbon capture and storage (CCS). I believe CCS applied, for example, to gas and coal power stations will be critical in meeting growing demand for cleaner energy. Congratulations to Cambridge Carbon Capture and Petroc Technologies for impressing the judges with their technology. I wish them every success in developing and growing their businesses.”
James Smith, Chairman Shell UK, said: "Low carbon innovation creates real opportunities for British industry. The UK has huge talent and creativity in this area. In the last six years Shell Springboard has awarded over 40 small businesses with a total of £1.6 million to advance their new business ideas for products and services to tackle climate change. I look forward to meeting Cambridge Carbon Capture and Petroc Technologies at the final and wish them every success.”
Cambridge Carbon Capture and Petroc Technologies competed against five businesses from across the UK on 25 January 2011 in Edinburgh and will now compete to be named as the overall UK winner in London on the 22 February.
To find out more about Shell Springboard visit www.shellspringboard.org.uk