UK and European biochar companies Carbon Gold and Carbofex partner

Biochar companies Carbon Gold and Carbofex have signed an memorandum of understanding to establish a commercial agreement that will strengthen both companies' position in the UK and European markets.

Simon Manley and Sampo Tukianen
Simon Manley and Sampo Tukianen

Biochar supplier Carbon Gold has partnered with Finland-based Carbofex, industrial-scale biochar manufacturer with proprietary technology that allows for the production of pure (low PAH) and active (600 m3/g) biochar, certified by the EBC and with access to the PURO carbon trading platform.

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.

Carbon Gold chief executive officer Simon Manley said: "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."

Carbofex chief executive officer Sampo Tukianen said: "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 trading brings new routes to market for Carbon Gold. It’s very exciting."

 


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