Stek advised Carbon Collectors on the acquisition by PGGM of a 49% stake in Carbon Collectors on behalf of Pensioenfonds Zorg & Welzijn (PFZW). Carbon Collectors is developing innovative technologies for CO2 collection, transport, and storage, enabling it to bring its solutions to the market in the near future. With this investment, Carbon Collectors can accelerate the deployment of its services, focusing on hard-to-decarbonize industries. Their goal is to transport captured CO2 to permanent storage sites, such as depleted offshore gas fields, with the potential to scale up to 6 million tons of CO2 stored per year.
PGGM also holds the exclusive right to invest up to €200 million in the infrastructure necessary for safe and efficient CO2 storage. This marks an important step in scaling up CCS solutions, supporting Europe’s climate goals, and enabling industrial emitters to reduce their environmental footprint.
A big thank you to the teams involved in making this transaction a success. This investment is a crucial step towards accelerating the energy transition while ensuring long-term sustainable returns. 🌍
For more information read the press releases of Carbon Collectors, PGGM, and the articles published by Energeia and the Financial Daily Newspaper.
