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Zero Carbon Ventures and Green Planet reveal JV plans

Zero Carbon Ventures and Green Planet reveal JV plans
Using a combination of old and new technologies from partners in a novel way, Zero Carbon aims to transform landfill gas into profitable full-scale graphene and hydrogen advanced manufacturing facilities. At full scale, the system will produce circa 3,000 tonnes a year of high-grade graphene, and net-negative hydrogen, without any electricity from the grid, and represent a 650,000 tonnes per annum of carbon dioxide equivalent (CO2eq) reduction (graphic courtesy Zero Carbon)

United Arab Emirates (UAE) headed Zero Carbon Ventures Ltd, a pioneer in emission reduction technologies and solutions development, has announced a joint venture with Green Planet for Sustainable Environmental Solutions, part of the prestigious Egyptian Special Group for Trading and Investment J.S.C.

The joint venture, Zero Carbon Green Planet (ZCGP) is to be incorporated in Abu Dhabi Global Markets (ADGM), and according to the parties, it represents a collaboration more than just a project partnership underlining a broader commitment to work together on building a sustainable future and a strategic net zero agenda in Egypt.

We aim to build a circular economy, an innovative and sustainable economic model that aims to redefine traditional linear production and consumption patterns. This holistic concept not only addresses environmental concerns but also promotes economic opportunities and innovation, said Martin Reynolds, CEO and Co-Founder of Zero Carbon Ventures.

At the heart of ZCGP’s pioneering plans is a novel, patent-pending high-technology system, designed by Zero Carbon Ventures to tackle methane emissions from landfills and organic waste streams at an unprecedented scale.

Green Planet and Special Group hold innovation and growth for Egypt at the core of its values. It is a pleasure to be partnering with such an inventive and experienced team at Zero Carbon Ventures, to deliver and scale impactful projects and bring new technology to the region, said Dr Mohammed Asaad, Chairman of Green Planet.

The award-nominated system processes waste methane, a potent greenhouse gas (GHG), and organic waste, turning it into profitable revenue streams such as graphene, hydrogen, fertilizers, and other valuable commodities.

The new advanced manufacturing facility we plan to build in Egypt takes every drop of value from the waste that otherwise would go to landfill, making new products to be used again in the market. We are delighted to be partnering with Green Planet on this landmark joint venture that will showcase cutting-edge technology and processes and have a meaningful impact on carbon emissions in the region. The scalable model can then be rolled out to other sites around the world, said Martin Reynolds.

By 2025 the first phase of the project at the 15 May landfill site will be operational.

On completion in 2027, this first-of-a-kind advanced manufacturing process will employ up to 250 people, and process 400 tonnes of organic waste per day whilst preventing thousands of tonnes of methane and carbon dioxide (CO2) from escaping into the atmosphere.

We applaud the collaborative efforts of Zero Carbon Ventures and Green Planet in spearheading this innovative project. It’s a significant stride not only in advancing our circular economy but also in bolstering Egypt’s position as a regional hub for economic growth and manufacturing. This venture is set to create substantial job opportunities, uplifting our local communities, and setting a benchmark in sustainable industrial practices. It epitomizes our commitment to a greener future and the economic empowerment of our citizens through environmentally conscious development. The partnership has our full support, said Dr Tarek El-Araby, CEO of the Waste Management Regulatory Authority.

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