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Bowen Guan (Carbon2Carbon)

Bowen Guan won a Shell LiveWIRE Smarter Future Award in May 2018 for his business, Carbon2Carbon.

Business Description

Global energy-related CO2 emissions rose by 1.4% in 2017 and, currently, less than 1% of industrial CO2 has been captured globally – mainly due to the lack of regulation on, and the extremely high costs of, CO2 capture1.
Carbon2Carbon (C2C), a start-up from London, aims to capture CO2 gas from industrial exhaust gas, by installing their CO2 capture technology at sites which traditionally emit heavy levels of CO2, such as power plants and steel and cement factories.
 
The product consists of a novel graphene oxide material coated onto a spiral wound membrane tube, which is then fitted onto locations that typically release industrial gas, such as chimneys, to capture the CO2. Not only does the technology considerably reduce costs, it requires less energy to create than current versions and is fully recyclable.
 
C2C claims they can reduce the CO2 footprint of a facility by a factor of hundreds, whilst simplifying their operating process through embedding gas sensors and other controlling devices in their product. By reducing the barriers to entry with their new technology, they are hoping to encourage widespread use of the technology, with the hope of reducing CO2 emissions globally.
 
C2C won the McKinsey Venture Academy 2018, receiving a grant of £10,000 and in May 2018, the company was awarded £5,000 as the winners of the Shell LiveWIRE Smarter Future Award. 
 
Bowen Guan, founder of C2C, said that one of the main reasons they chose the Shell LiveWIRE programme was the mentoring and networking opportunities: “We really wanted the opportunity to receive mentoring from Shell as well as to build a network with other entrepreneurs, specifically within the sustainable energy sector, and winning this award gives us this chance.”
 
Bowen’s advice to would-be entrepreneurs is that timing is key: “The timing is crucial. It is expected that by 2035, carbon capture and sequestration will reach its full commercialisation and by that time more and more competitors will emerge. By entering the market at its younger stage, as we have, it will allow us to fully develop our product, and build up a stronger market presence in time.”

 

 

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