Meet BioCarbon, the climate tech startup revolutionising green steel manufacturing.
From woody wastes we produce a charcoal briquette that replaces coal in steelmaking, a clean burning gas and a liquid biostimulant for agriculture.
We target steelmakers for our briquette product and farmers for our raw char and liquid products.
We have a working pilot plant, are in negotiations with steelmakers for long term use of our briquette and have a site with ample woody waste to process. What we need now is capital to make that project happen.
- Our briquettes are the first of their kind in the world. We have replaced coal based coke in trials at two steel mills.
- Our charcoal making process is eminently scaleable and produces charcoal more efficiently and economically than any other technology.
- Excess charcoal (Biochar) can be used in agriculture and reduces CO2 in the atmosphere. Biochar is carbon storage.
Team: We have a multidisciplinary team with diverse backgrounds in steel research, engineering and business management.
Product: We have 2 IP families: charcoal production and briquette making for steel.
Market: Our market is mind boggling. Decarbonising steel is one of the wicked problems of climate change. With our product truly green steel is possible.
Momentum: We are currently trialing at a steel plant in Sydney. Once these trials are complete we need to supply the product at scale.
Impact: Truly green steel.
Company Name: BioCarbon
Themes: Green steel, Biochar, Circular Economy, Carbon Neutral, Carbon Negative
Summary: Woody waste to truly green steel
Product stage: Pilot plant
Founder: John Mellowes, Chad Sheppeard
Capital raising: $7.5M
Company mission: Truly Green Steel, Carbon storage with Biochar