Using Separated CO2 Instead of Sequestering It – HZI and CarbonFree Develop Technology for EfW

In October 2021, Hitachi Zosen Inova and CarbonFree Chemicals Holding signed a memorandum of understanding concerning the joint development of technologies for separating and mineralizing CO2 from flue gases of energy from waste plants (EfW). This will be based on CarbonFrees patented SkyCycle® technology.

The Swiss-Japanese cleantech company Hitachi Zosen Inova (HZI) and the innovators at CarbonFree Chemicals Holding LCC (CarbonFree) in the USA have signed a memorandum of understanding (MoU) and are now planning to join forces in implementing a unique solution to reduce the carbon footprint of the waste industry. Texas-based CarbonFree developed its separation and mineralization technology some 15 years ago and has refined it further to create the SkyCycle® concept.  This process allows the CO2 contained in industrial flue gases to be captured at the source. The CO2 is being reacted with calcium to form mineral calcium carbonate – a stable, non-toxic, valuable component which has many uses, including as a raw material in the construction industry, a fertilizer, and a mineral filler in the paper, paint, and plastics industries. The high achievable capture rates can enable incineration plants to become carbon sinks. The system is geographically independent: it does not require storing CO2 in a gaseous phase underground, nor additional pipelines for transportation. The MoU expresses both companies’ desire to integrate the technology within existing and new energy from waste plants.

A Win for Both Companies

The further development of this technology opens the way to new projects for both companies. “We are delighted to have found an experienced partner in HZI that can help us to adapt our technology directly to EfW and AD processes. Branching out into these industries will bring us much closer to our goal of separating 10% of the CO2 emitted by industrial processes worldwide,” says Scott Gardner, CFO of CarbonFree. Fabio Dinale, Vice President Business Development at HZI, adds: “In the best-case scenario, our joint efforts will help us to reduce CO2 emissions from EfW plants to zero or even negative and make our technologies even more embedded within the circular economy changing our plants from being WtE to real WtX plants. At the same time, we will be creating a marketable zero carbon emission end product. In CarbonFree, we have secured a partner that already has 15 years of experience in carbon capture utilization and an impressive record of success.”

With the MoU now signed, the active phase of the project begins immediately.

About Hitachi Zosen Inova

Zurich-based Hitachi Zosen Inova (HZI) is a global leader in energy from waste (EfW) and renewable gas, operating as part of the Hitachi Zosen Corporation Group. HZI acts as an engineering, procurement, and construction (EPC) contractor and project developer, delivering complete turnkey plants and system solutions for thermal and biological EfW recovery. Its solutions are based on efficient and environmentally sound technology, are thoroughly tested, and can be flexibly adapted to

customer requirements. HZI’s Service Group combines its own research and development with comprehensive manufacturing and erection capabilities to provide support throughout the entire plant life cycle. HZI works for customers ranging from experienced waste management companies to up-and-coming partners in new markets worldwide. Its innovative and reliable waste, flue gas treatment, gas upgrading, and power-to-gas solutions have been part of more than 700 EfW and biogas reference projects delivered since 1933.

To find out more about HZI, please visit www.hz-inova.com.

Media contact

Hitachi Zosen Inova AG

Corporate Communication

Manuela Höllinger

Hardturmstrasse 127, CH-8005 Zurich, T +41 44 277 17 00

com@hz-inova.com, www.hz-inova.com

About CarbonFree Chemicals Holding, LCC

CarbonFree is a private company focused on advancing the net-zero ambitions of both CO2 emitters and consumers of carbon-negative chemicals. CarbonFree invested 15 years into research and development to prepare to bring a technology to carbon-emitting plants around the world called SkyCycle®. This on-site solution mineralizes CO2 captured from industrial point source emitters and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone), sodium bicarbonate (baking soda), and hydrochloric acid (HCl). Learn more at carbonfree.cc or follow CarbonFree on Twitter and LinkedIn.

Media contact

CarbonFree Chemicals Holdings LLC

CFO

Scott Gardner

11839 Nacogdoches Road, San Antonio, Texas 78217, T +1 512.296.7785

sgardner@CarbonFree.cc, www.carbonfree.cc

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CarbonFree selects Fluor to help bring its Carbon-to-Value technology to market

Company prepares to manufacture its Carbon Capture Utilization & Storage (CCUS) technology and get the planet to net-zero faster

SAN ANTONIO, Texas. — July 29, 2021 —  CarbonFree today announced a strategic engagement with Fluor, a leading global engineering construction company, to help manufacture its carbon-to-value technology so it can be installed at industrial plants around the globe.

CarbonFree’s patented SkyCycleTM technology captures the carbon emitted by industrial plants and mineralizes emissions to create safe and valuable low carbon materials. The company’s mission is to capture 10% of the world’s industrial CO2.

“We have the right instrument at the right time in history to make a big impact,” said CarbonFree Chief Technology Officer Joe Jones. “We’ve been preparing for years—taking our time with our patents and getting our technology down—and now the world is ready. We’re thrilled to see a top-tier engineering firm like Fluor choose to work with us and deliver on a commitment to improving the environment.”

CarbonFree’s SkyCycleTM is a second-generation carbon mineralization technology that uses calcium and magnesium salts as a key part of the conversion chemistry to produce high purity PCC (precipitated calcium carbonate) and synthetic limestone. The company has been developing and refining the technology for more than 15 years, and has been capturing carbon and converting it to baking soda at an industrial cement plant in Texas using a similar process called SkyMine®.

Fluor will use its construction and engineering capabilities to help CarbonFree determine how to best manufacture SkyCycleTM so it can be distributed and installed on a larger scale and at a greater speed. That means that industrial plants who are interested in getting the planet to net-zero will have the opportunity to work with CarbonFree to install the technology sooner.

“Fluor’s relationship with disruptive carbontech pioneers is an integral part of our sustainability and energy transition commitment,” said Fluor’s Group President of Corporate Development & Sustainability Al Collins. “CarbonFree has a unique carbon-to-value solution and we look forward to leveraging our combined capabilities to help deliver a lower carbon future.”

This strategic engagement marks an acceleration of CarbonFree’s progress—along with the announcement that the company had won a spot in an exclusive program called the Carbon to Value Initiative.

“The Carbon to Value Initiative is ecstatic to see C2V’s year one cohort company CarbonFree team up with our Carbontech Leadership Council member Fluor to accelerate the deployment of CarbonFree’s innovative CO2 mineralization solution,” said Frederic Clerc, Director of the Carbon to Value Initiative. “This partnership is exactly the type of collaboration we expect to see over the three-year C2V Initiative and applaud Fluor, a world-class technical services and engineering, procurement and construction company, and CarbonFree, an innovative carbontech company, for working together to tackle carbon emissions while highlighting the enormous market opportunity carbontech presents.”

About CarbonFree

CarbonFree is a private company focused on advancing the net-zero ambitions of both CO2 emitters and consumers of carbon-negative chemicals. CarbonFree invested 15 years into research and development to prepare to bring a technology to carbon-emitting plants around the world called SkyCycleTM. This on-site solution mineralizes CO2 captured from industrial point source emitters and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl). Learn more at carbonfree.cc or follow us on Twitter and LinkedIn.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $14.2 billion in 2020 and is ranked 196 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has been providing engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

About Carbon to Value Initiative

The C2V Initiative is a multi-year collaboration among the Urban Future Lab, Greentown Labs, and Fraunhofer USA that aims to create a thriving innovation ecosystem for the commercialization of carbontech. The program is supported by the New York State Energy Research and Development Authority and the Consulate General of Canada in New York, along with its Carbontech Leadership Council—an invitation-only group of international corporate, academic, and government thought leaders who will foster commercialization opportunities and identify avenues for collaboration with the C2V Initiative startup participants. Learn more at https://www.c2vinitiative.com.

Investor Contact

For further CarbonFree information: Scott Gardner, CFO CarbonFree Chemicals Holdings LLC, San Antonio, Texas. Phone: 512.296.7785,  www.carbonfree.cc

Media Contact: Carrie Kolehouse, 231.730.3553, media@carbonfree.cc

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CarbonFree and BayoTech to partner on zero-carbon hydrogen production

Integrating carbon capture technology into hydrogen production could get the planet to net-zero faster

SAN ANTONIO, Texas. — July 23, 2021 —  CarbonFree, a leader in carbon capture technology, announced today that it is partnering with BayoTech, a full-service localized hydrogen supplier, to integrate carbon capture technology into the hydrogen production process.

“We’re thrilled to be working with BayoTech to help bring low carbon intensity hydrogen to market,” said CarbonFree CEO Martin Keighley. “Our hope is that this collaboration will be part of the energy transformation we need to attack climate change.”

The companies plan to develop a pilot hydrogen production site, integrating BayoTech’s highly efficient hydrogen generator with CarbonFree’s patented technology that captures carbon dioxide (CO2) and converts it into carbon-negative chemicals.

“We need accessible solutions to propel the hydrogen economy forward and move rapidly towards decarbonization,” said Mo Vargas, BayoTech’s CEO. “When paired with carbon capture, BayoTech’s systems offer the most cost-effective green hydrogen available today. That’s why we’re so excited to partner with CarbonFree.”

CarbonFree’s patented SkyCycle™ Technology is an on-site solution that mineralizes CO2 captured from the generator and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl).

This announcement is yet another signal that CarbonFree is readying itself to implement its technology on a grander scale and make a significant impact in the race to net zero. Two months ago the company also announced its collaboration with TETRA, a world-class player in the calcium chloride space, along with its participation in the first cohort of the exclusive Carbon to Value Initiative.

About CarbonFree

CarbonFree is a private company focused on advancing the net-zero ambitions of both CO2 emitters and consumers of carbon-negative chemicals. CarbonFree invested 15 years into research and development to prepare to bring a technology to carbon-emitting plants around the world called SkyCycleTM. This on-site solution mineralizes CO2 captured from the plant and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl). Learn more at carbonfree.cc or follow us on Twitter and LinkedIn.

About BayoTech

BayoTech is committed to addressing the global need for reliable, cost-effective and low-carbon hydrogen. Our modular, scalable, and rapidly deployable hydrogen generation, transport, storage and fueling solutions make hydrogen easy. When paired with renewable natural gas or carbon capture, BayoTech offers the most cost-effective green hydrogen available today. Learn more at bayotech.us.

BayoTech Public Relations:
pr@bayotech.us
1.505.639.9238

Investor Contact

For further CarbonFree information: Scott Gardner, CFO CarbonFree Chemicals Holdings LLC, San Antonio, Texas. Phone: 512.296.7785,  www.carbonfree.cc

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