Revcoo Decarbonises Industry by Capturing CO₂ from Factories with Unprecedented Technology

French cleantech firm is aiming for €200 million of turnover in 2030

Revcoo aims to reverse climate change by tackling CO₂ emissions in the industrial sector. The startup has developed a technological innovation to capture carbon dioxide directly from factory chimneys, and is launching a Series A round to roll out its solution on a large scale.

A French-made innovation to start decarbonising the economy today

To achieve its environmental goals, including carbon neutrality by 2050, the European Union has committed to reducing its greenhouse gas emissions by 55 % by 2030. This requires large-scale decarbonisation across the industrial sector, which accounts for 30% of global emissions, as well as solutions that can remove CO₂ from the atmosphere.

To make this a reality, the EU is deploying both regulatory levers and incentives for innovation. Carbon quotas are one such example: each manufacturer receives a greenhouse gas emission quota that is lowered over time. It’s a turning point for manufacturers who must decarbonise to maintain their competitiveness.

Solutions are emerging to support this transformation through CCUS (Carbon Capture, Utilisation and Storage), which is a set of technologies aimed at capturing carbon dioxide emissions so they can be recovered or sequestered in the long term, preventing them from being released into the atmosphere.

The startup Revcoo has developed the CarbonCloud solution. It develops, manufactures and installs carbon capture units on the sites of industrial CO₂ emitters in France and internationally. CarbonCloud captures fumes produced by factories, separating the CO₂ from the other gases by freezing it, then processing it into a liquid or gas form. The CO₂ is then containerised and ready for storage or use.

A unique, non-toxic and easy-to-implement solution

LCarbonCloud is a patented technology for capturing CO₂ through cryogenics. It is unique on the market, both capturing and processing carbon dioxide into a usable form. It is ideally suited to incompressible emissions, i.e. CO₂ emissions that cannot be eliminated even if the manufacturer uses a clean fuel, which is the case for cement plants, lime production and glassworks.

The technology is also applicable to so-called “biogenic” CO₂ emissions, i.e. capturing CO₂ from a green fuel (such as wood or organic waste), such as emissions from incinerators and biomass boilers. Revcoo’s solution differs from traditional CO₂ capture devices, which are based on chemical solvents (ammonia-derived compounds), which degrade and need to be renewed.

Petrochemical processes, which are expensive and often licensed, require treatment by scrubbing, and the water used must then be treated. CarbonCloud is a sovereign, radically different alternative. Its technology is nontoxic, solvent-free, waste-free, water-free and 100% electric. Not only is it better from an environmental point of view, but it is also very simple to set up, ensuring existing industrial facilities can adapt to the transition challenge.

This turnkey, all-in-one solution does not change production processes. It can be rolled out in a short timeframe and is compatible with any size of facilities across France and beyond. By 2030, CarbonCloud will capture 100,000 tonnes of CO₂ per day per installation, and the company aims to capture more than one million tonnes per year. Once captured, the CO₂ can be directly transported to storage solutions or routed to local facilities that require carbon dioxide to replace fossil sources, for use in sectors such as the food industry, building material production, the pharmaceutical industry and manufacturing synthetic fuels (e-fuels) to decarbonise heavy transport (aviation and shipping).

“Our goal is to help shape the balance of tomorrow’s world, through a solution that is both accessible and simple for manufacturers. Revcoo aims to accelerate carbon capture in France and internationally, in anticipation of higher environmental penalties associated with CO₂ emissions. The industrial sector has to change: we aim to contribute in our own way by rolling out a solution to maintain sustainable growth, while reducing its impact on the environment. Our role is to act as a catalyst, beginning a process of mass decarbonisation”, explains Hugo Lucas, President and Founder of Revcoo.

Strong growth ambitions

CarbonCloud technology is now in the pilot phase at a lime production site in Hauts-de-France, which captures 2 tonnes of CO₂ per day. This site has confirmed the technology’s effectiveness before it is rolled out on a larger scale, allowing performance data to be collected in a real-world environment. After an initial a see funding round of €3.75 million in 2022, Revcoo wants to accelerate its development by raising €20 million in Series A funding. Its aim is to develop an industrial demonstrator with a capacity 10 times greater than its existing pilot, and to continue to develop its technology to make it even more efficient. In 2025, the company projects it will reach turnover of €1 million, and anticipates strong growth to reach €200 million in turnover in 2030.

(Source: Press Release by Revcoo)