European biochar companies join forces
Biochar companies Carbon Gold and Carbofex have signed an MOU to establish a commercial agreement that will strengthen both companies’ position in the UK and European markets.
Carbon Gold, the world leading supplier of biochar to commercial crop growers, tree care specialists and sports turf professionals in the UK and Europe, has partnered with Finland-based Carbofex, industrial-scale biochar manufacturer with proprietary technology that allows for the production of very pure (low PAH) and active (600 m3/g) biochar, certified by the EBC and with access to the PURO CO2 removal marketplace.
The collaboration will see Carbon Gold and Carbofex agree terms on the production and distribution of biochar, the ownership of the resulting carbon credits, and other potential synergies or commercial opportunities which may benefit both companies.
Simon Manley, CEO of Carbon Gold, says, “We’ve long been friendly with Carbofex and this partnership comes at a really critical time for both companies. We’re both looking for investment to scale up, and this joint venture makes us more attractive to potential strategic investment partners. And with a no-deal Brexit becoming ever more likely, having manufacturing bases in the UK and mainland Europe is invaluable for both parties. Carbofex is a trail blazer in Europe and we’re thrilled to be working with them more formally.”
Sampo Tukianen, CEO of Carbofex, says: “We’ll both gain access to new markets as a result of this collaboration. Carbon Gold is the leader in biochar and Carbofex will benefit greatly from the products, science, branding and market reach they’ve established over the years. And our EBC certification and registration with PURO for carbon removal trading brings new routes to market for Carbon Gold. It’s very exciting.”
