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 CO2 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
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www.haydale.com
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Keith Broadbent, CEO
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Via
Walbrook PR as below
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Patrick Carter, CFO
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Mark Bolt, Sales & Marketing
Manager
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Cavendish Capital Markets Limited
(Nominated Adviser & Broker)
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Tel: +44
(0)20 7220 0500
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Julian Blunt
/ Edward Whiley, Corporate Finance
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Andrew Burdis, ECM
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Walbrook PR
(Media & Investor Relations)
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Tel: +44
(0)20 7933 8780 or haydale@walbrookpr.com
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Paul McManus / Joseph
Walker
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Mob: +44
(0)7980 541 893 / +44 (0)7407 020 470
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Nick Rome / Louisa Ansell
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Mob: +44
(0)7748 325 236 / +44 (0)7788 151 967
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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
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
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.