Jyväskylä-based Cuycha Innovation, which has developed a method for neutralising carbon dioxide, has established new joint ventures in Australia and the UK.
There are also plans to build a carbon neutralisation plant in Australia. According to the company’s CEO, Markus Kankaanpää, the goal is for the first plant to start up production before the end of 2013.
Construction has already begun on the first neutralisation plant, in connection with a waste combustion plant in South Africa. Operations there are expected to start up in the first half of 2013. Cuycha established a joint-venture company in Africa in 2011.
Cuycha believes that the patented carbon-neutralisation process developed by Matti Nurmia will significantly slow down the greenhouse effect if the technology is widely adopted. In the process, the carbon dioxide from a coal-fired power plant passes from the flue gas to water and is neutralised with feldspar. Valuable by-products that are generated during the process, such as the raw material for producing aluminium, can be separated from the feldspar. Lithium and lanthanides can also be obtained. In the method, carbon dioxide is not stored, but is instead converted to a neutral form that causes no harm to the environment.
In an interview with the Finnish magazine Tekniikka & Talous, Kankaanpää estimates that joint-venture companies in China and the US will start up within the next year and a half. Cuycha is currently involved in 12 delivery projects.
In Finland, the company is engaged in preliminary plans to set up a joint project with a university. The project involves pilot production of the technology and research into methods for analysing minerals and the efficient utilisation of end products.
Cuycha Innovation’s long-term objective is to launch local operations in the form of joint-venture companies in several countries. In addition, the company expects the launch of the neutralisation technology to lead to brisk growth during 2013.