Ambitious plans to create a £1 billion company in the South of Scotland have received a major boost after South of Scotland Enterprise (SOSE) invested nearly £1 million in pioneering carbon capture firm The Carbon Removers. Headquartered near Dumfries, the company aims to expand its operations across the UK and Europe, leveraging this early-stage funding to catalyse a wider fundraising round.
Investment to Unlock Further Growth
The SOSE investment aims to attract additional private funding and support The Carbon Removers’ goal of generating £1 billion in annual revenues by 2034/35. The company plans to scale its carbon sequestration projects, aiming to remove one million tonnes of CO₂ annually by 2030.
Scaling Carbon Capture Across Industries
The Carbon Removers specializes in capturing CO₂ from biogas and the whisky industry. The company is rapidly expanding to tackle hard-to-abate emissions as it deploys its technology internationally. Notably, it is the only UK company licensed to permanently store carbon in Denmark and participates in the EU’s first CO₂ storage facility.
Strong Leadership and Regional Roots
Founded by brothers Ed and Richard Nimmons, The Carbon Removers remains proudly based in the South of Scotland. Richard Nimmons said, “We are delighted to be expanding our close working relationship with SOSE and the region. We are proud to be based in the South of Scotland and excited to grow our carbon capture expertise internationally.”
Support from Government and SOSE
Deputy First Minister Kate Forbes emphasized the significance of carbon capture and storage (CCS) for Scotland’s transition to net zero. “CCS is crucial to reducing emissions from the hardest-to-abate sectors, including chemicals, cement, and certain power generation areas,” she said. “It uses many of the same skills as the oil and gas industry and will sustain skilled employment across the supply chain. It’s great to see SOSE supporting a home-grown company leading the charge both here and in Europe. This will create further jobs and boost the economy locally and nationally,” Forbes added.
Russel Griggs, Chair of SOSE, highlighted, “We have worked closely with The Carbon Removers from the very beginning, including their role in rolling out the Covid Pfizer vaccine. They have since grown into international carbon removal and storage, all from their original site in the small village of Crocketford. They demonstrate that rural locations are no barrier to innovation, and we look forward to their continued growth and success.”
Positioning for Global Impact
As bioenergy-news.com reports, SOSE’s backing positions The Carbon Removers to scale its operations internationally. It also helps accelerate decarbonization and strengthens Scotland’s role as a hub for carbon capture innovation. The investment fuels business growth. It also strengthens the local economy, creates jobs, and advances sustainable technology on a global stage.
