RCS - Haydale Graphene Ind - Potential graphene breakthrough in carbon capture

Haydale Graphene IndustriesAnnouncement

18/07/2024 07:00

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RNS Number : 8212W  Haydale Graphene Industries PLC  18 July 2024

RNS REACH

Haydale Graphene Industries plc

('Haydale', the 'Company', or the 'Group')

 

Potential graphene breakthrough in carbon capture

Positive feasibility study result for new carbon capture tech using Haydale's
novel nano-material expertise

 

Haydale (AIM: HAYD), a leading innovator in advanced materials and
nanotechnology, announces a potential breakthrough in the rapidly evolving
carbon capture technology sector utilising plasma functionalised graphene as
an inherent component.

 

Haydale has worked with Carbon Capture LLC ("CCL"), a newly established
company based in Florida, to undertake a feasibility study to build and
deliver an initial prototype device, leveraging Haydale's proprietary plasma
functionalised graphene, to provide proof of concept that carbon dioxide can
be removed from the atmosphere and stored for later release in a controlled
environment.

 

Initial indications within this feasibility study show graphene, when properly
functionalised through Haydale's proprietary HDPlas® plasma functionalisation
process to optimise the surface chemistry of the nanomaterial, may be capable
of adsorbing carbon dioxide.

 

This feasibility study builds on Haydale's expertise in chemical engineering
and plasma functionalisation. Both Haydale and CCL are encouraged by these
findings and intend to develop the application further to ascertain whether it
might be commercialised to help combat climate change. Haydale's novel
nano-material expertise, particularly in functionalised graphene, has proven
integral to the efficiency and effectiveness of this carbon capture process.

 

The global carbon capture and storage market is projected to grow
substantially over the next decade, driven by increasing environmental
regulations and the urgent need to address climate change. If this technology
is proven at larger scale, Haydale's work with CCL could position it as a key
supplier to this burgeoning market, offering significant new growth
opportunities and long-term value creation for shareholders.

 

Haydale's CEO, Keith Broadbent, commented: "We are thrilled to be involved in
this groundbreaking initiative. Our plasma functionalisation process could
unlock a graphene-based breakthrough in carbon capture and underscores our
commitment to leveraging our nanomaterial expertise for impactful
environmental solutions."

 

Carbon Capture's Founders, Sam (Samir) Adams and Fernando Sanchez, commented:
"Our collaboration with Haydale has yielded promising results, exceeding our
expectations. We're now ready to scale up to a large demonstration unit of our
revolutionary Direct Air Carbon Capture solution. This aligns perfectly with
our mission to create sustainable, scalable carbon capture technologies. The
potential of functionalized graphene in adsorbing CO(2) could be game-changing
for urban carbon capture. We're confident our work with Haydale will
revolutionize the industry, offering a cost-effective tool to combat excessive
greenhouse gases globally."

 

For further information:

 

 Haydale Graphene Industries plc               www.haydale.com (http://www.haydale.com)
 Keith Broadbent, CEO                          Via Walbrook PR as below
 Patrick Carter, CFO
 Mark Bolt, Sales & Marketing Manager

 Cavendish Capital Markets Limited (Nominated Adviser & Broker)                    Tel: +44 (0)20 7220 0500
 Julian Blunt / Edward Whiley, Corporate Finance
 Andrew Burdis, ECM

 Walbrook PR (Media & Investor Relations)      Tel: +44 (0)20 7933 8780 or haydale@walbrookpr.com
                                               (mailto:haydale@walbrookpr.com)
 Paul McManus / Joseph Walker                  Mob: +44 (0)7980 541 893 / +44 (0)7407 020 470
 Nick Rome / Louisa Ansell                     Mob: +44 (0)7748 325 236 / +44 (0)7788 151 967

 

Notes to Editors:

 

About Haydale

Haydale is a global technologies group and service provider that facilitates
the integration of graphene and other nanomaterials into the next generation
of industrial materials and commercial technologies.  With expertise in
graphene, other nanomaterials and Silicon Carbide, Haydale is able to deliver
improvements in electrical, thermal and mechanical properties.  Haydale has
been granted patents for its technologies in Europe, USA, Australia, Japan and
China and operates from five sites in the UK, USA and the Far East.  For more
information please visit: www.haydale.com (http://www.haydale.com) or Twitter:
@haydalegraphene

 

About Carbon Capture LLC

Carbon Capture LLC, a US-based company founded in 2022, is a subsidiary of
Carbon Capture & Commercialization Corp (CC&C). CCL and CC&C are
dedicated to developing revolutionary, cost-effective Direct Air Carbon
Capture (DACC) technologies. With a focus on sustainable and scalable
solutions, particularly for urban environments, CC&C leverages expertise
in engineering, technology, and profitable operations. The company's mission
is to create innovative tools for the global effort to combat excessive
greenhouse gases. CC&C's groundbreaking work includes collaborations with
industry leaders to explore novel materials and processes, such as
functionalized graphene, for more efficient carbon capture. For more
information, please visit: www.ccandc.ai (http://www.ccandc.ai)

 

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', ''will'' or the
negative of those, variations or comparable expressions, including references
to assumptions.  These forward-looking statements are not based on historical
facts but rather on the Directors' current expectations and assumptions
regarding the Company's future growth, results of operations, performance,
future capital and other expenditures (including the amount, nature and
sources of funding thereof), competitive advantages, business prospects and
opportunities.  Such forward looking statements reflect the Directors'
current beliefs and assumptions and are based on information currently
available to the Directors.

 

A number of factors could cause actual results to differ materially from the
results discussed in the forward-looking statements including risks associated
with vulnerability to general economic and business conditions, competition,
environmental and other regulatory changes, actions by governmental
authorities, the availability of capital markets, reliance on key personnel,
uninsured and underinsured losses and other factors, many of which are beyond
the control of the Company.  Although any forward looking statements
contained in this announcement are based upon what the Directors believe to be
reasonable assumptions, the Company cannot assure investors that actual
results will be consistent with such forward looking statements.
Accordingly, readers are cautioned not to place undue reliance on forward
looking statements.  Subject to any continuing obligations under applicable
law or any relevant AIM Rule requirements, in providing this information the
Company does not undertake any obligation to publicly update or revise any of
the forward looking statements or to advise of any change in events,
conditions or circumstances on which any such statement is based.

 

 

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