Innovation 28-11-2024
Blue economy, Energietransitie, Financiering

Value Group lands major investment for Rotterdam CO2 Hub

Rotterdam-based Value Group (Value Maritime and Value Carbon) has secured Energietransitiefonds Rotterdam (ETF-R) as an investor. The fund’s EUR 2 million investment will drive the further development of the Value Hub for CO2 offloading and processing in Rotterdam.

 

The technology captures CO2, stores it, and allows it to be effectively reused or stored elsewhere. In the Port of Rotterdam, the maritime industry benefits from emissions reduction enabled by the technology.

 

Carbon care

Value Maritime, part of the Value Group, is the developer and installer of one of the first commercially viable hybrid CO2 capture and exhaust gas cleaning systems, known as Filtree. This system not only captures and stores CO2, but also cleans sulphur, ultra-fine particulate matter, and CO2 from ships’ exhaust emissions as well as oil residue and particulate matter from the vessels’ washing water. As a result, the system supports compliance with current and future environmental regulations.

 

The key to the Filtree System is its integrated carbon capture feature, which allows ships to store the CO2 they collect on board in dedicated fixed tanks or non-fixed battery containers. These onboard storage facilities can then be sustainably offloaded in port for reuse or further storage, managed by Value Maritime’s sister company, Value Carbon.

 

Accelerating CO2 handling

With ETF-R’s EUR 2 million investment and further active support from InnovationQuarter, Value Group aims to accelerate the development of its Value Hub in Rotterdam. The Value Hub will manage the CO2 offloading from ships and ensure efficient, sustainable processing.

 

Meanwhile, a pilot programme in Westland greenhouses demonstrates the technology’s practical application. Captured CO2 is released during the day to enhance photosynthesis and plant growth, showcasing a sustainable solution for agriculture.

 

InnovationQuarter/ETF-R Senior Investment Manager Reinaud Struycken: ‘We are very happy to be able to invest in a sustainable company that supports the reduction of CO2 emissions in Rotterdam and beyond. Their innovative “catch & release” technology perfectly aligns with our vision for a cleaner and more sustainable Rotterdam. They serve as a prime example of how carbon capture and storage technology can benefit this and other sectors. ETF-R is looking forward to helping Value Group grow.’

 

Value Group

The Value Group unites two innovative sister companies — Value Maritime and Value Carbon — working together to drive decarbonisation across shipping and industry.

 

Value Maritime’s technology is designed to reduce the environmental footprint of shipping, contributing to a more sustainable future for the entire maritime industry. The goal is to help transform the way the sector operates, combining cleaner solutions with tangible financial benefits.

 

Meanwhile, Value Carbon focuses on land-based carbon management, addressing the entire carbon value chain. From carbon capture and handling to innovative reuse strategies, it aims to create efficient systems for storage and “catch and release” initiatives, all with a focus on generating both environmental and financial dividends.

 

Rotterdam Energy Transition Fund

The “Energietransitiefonds Rotterdam” is a EUR 100 million investment fund of the City of Rotterdam. The fund finances innovative companies and large sustainable projects that can contribute to Rotterdam’s energy transition and circular economy. With the fund, the city aims to reduce CO2 emissions, improve air quality and reduce the use of raw materials. InnovationQuarter acts as fund manager for the Rotterdam Energy Transition Fund.

 

Source: SWZ Maritime