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Transaction
Advanced Biofuel Solutions Ltd - DAC and GGR Innovation Programme Phase 1 feasibility grant (May 2021)
Terms
- Announced
- 24 May 2021
- Instrument
- Grants
- Amount
- Undisclosed (up to GBP250,000 per project; GBP5.6m shared among 23 winners)Not yet in US$: no exchange rate on file
Parties
- Project developer
- Advanced Biofuel Solutions Ltd
- Recipient type
- Technology company
- Country
- United Kingdom
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis UK Department for Business, Energy and Industrial Strategy Grantor Undisclosed No value disclosed
Carbon
- Pathway
- BECCS
What happened
- Advanced Biofuel Solutions Ltd was one of 23 organisations selected for Phase 1 of the UK Direct Air Capture and Greenhouse Gas Removal Innovation Programme, funded to design and assess the feasibility of: Biohydrogen demonstration plant with CCS (Biohydrogen Greenhouse Gas Removal Demonstration). The programme states that "in phase one, 23 winners received a share of £5.6 million"; the per-project amount is not published.
Kumo note
- - Phase 1 feasibility study under the UK DAC and GGR Innovation Programme; the most promising designs went on to Phase 2 pilot funding.
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