Objective
The escalating global emissions of greenhouse gases threaten our planet's foundation. Atmospheric CO2 levels have reached more than 420 ppm, with an annual increase of more than 2 ppm; we are already witnessing the catastrophic effects on ecosystems, economies, and human societies worldwide. The main challenge for CO2-emitting industries is complying with the EU Emissions Trading System (EU ETS) and thus, quickly deploying cost-effective solutions that will ensure this compliance.
Planeteers has developed an innovative solution, to store CO2, that mimics the natural weathering of limestone but accelerates it from thousands of years to just a few minutes using the same natural ingredients. CO2 from biogenic or fossil point sources is dissolved in water through our scrubber and mixed with a limestone (CaCO3) solution in our alkalinity reactor. During the reaction, CO2 is converted into bicarbonate (HCO3-) and stored in the water. After equilibration with the atmosphere and the local aquatic environment in our diffuser system, it can be released in a controlled way to water bodies which transport the mineralized water to the ocean. There, the CO2 is stored as bicarbonate on a long-term basis (10,000-100,000 years) helping at the same time to reduce the
water acidification locally. The Compliance carbon market (CCM) is our target for entry supported by the EIC Accelerator. The REACT CARBON project lays the foundation for our expansion into the CCM, emphasising its strategic importance. We will focus initially on cement and limestone industries emissions: they currently emit around 160 million tons of CO2. Considering the EU Fit-for-55 reduction targets and CCS prices increasing to €146 per ton, Planeteers market value in the EU is conservatively estimated to be at least €2.0 billion.
Fields of science (EuroSciVoc)
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.3.1 - The European Innovation Council (EIC)
MAIN PROGRAMME
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HORIZON.3.1.2 - The Accelerator
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-EIC-ACC - HORIZON EIC Accelerator
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-EIC-2026-ACCELERATOR-02
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
22769 Hamburg
Germany
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.