Skytree Expands Carbon Capture Capabilities with ReCarbn Acquisition
Amsterdam, Friday, 20 December 2024.
Amsterdam’s Skytree acquires ReCarbn, enhancing its direct air capture technology to advance scalable carbon mitigation solutions.
Strategic Acquisition Details
On December 19, 2024, Amsterdam-based climate tech company Skytree completed its acquisition of ReCarbn, a Dutch direct air capture (DAC) startup [1][4]. ReCarbn, founded in 2022 as a spin-off from the University of Twente, brings valuable innovations in filtration and sorbent circulation technology that promises to reduce carbon capture costs and energy consumption [4].
Leadership Integration
The acquisition includes the integration of ReCarbn’s founding team into key leadership positions at Skytree. All three co-founders - Guus Dubbink, Ewout Ruijs, and Sophia Hummelman - will take on crucial roles in research and development, product strategy, and commercial finance respectively [4][6]. Skytree’s CEO Rob van Straten highlighted the significance of this talent acquisition, noting the scarcity of experienced DAC technology professionals in the Netherlands [6].
Ambitious Carbon Capture Goals
This strategic move aligns with Skytree’s ambitious target to capture 10 million tonnes of CO₂ annually by 2030 [4]. The company is already making significant strides in the industry, serving as the exclusive technology provider for Project Concho, a $100 million DAC hub in Texas with a planned capacity of 500,000 tonnes [4]. The acquisition follows Skytree’s recent expansion to two North American locations in October 2024 [4].
Technology and Future Impact
The integration of ReCarbn’s patent-pending technology is expected to enhance DAC efficiency significantly [4]. This advancement comes at a crucial time, as recent research indicates that renewable energy deployment alone may not be sufficient to meet Paris Agreement targets, making carbon negative technologies increasingly important [3]. The combined technological capabilities of both companies are positioned to address the growing need for scalable climate change solutions [4].