‘Green coke’ pioneer seeking to raise capital on NZ equity crowdfunding platform Snowball Effect

Wednesday 29th October 2014

Baldwins’ client CarbonScape is seeking to raise a minimum of $400,000 and up to a maximum of $1.5 million through the equity crowdfunding platform Snowball Effect.  The offer, which has recently gone live on the Snowball Effect platform (https://www.snowballeffect.co.nz/carbonscape), will be open for 45 days, or until it reaches its cap.

Blenheim-based CarbonScape has developed pioneering technology that uses microwaves to rapidly transform renewable biomass (typically sawdust or wood chips) into high-grade carbon products including Green Coke for steel making.  Their use of a renewable feedstock to efficiently produce Green Coke reduces overall carbon emissions compared to using traditional coke from mineral coal.

CarbonScape has won a number of international awards for their patented “green” technology and have an active research and development programme to explore this nascent field.  They recently signed a supply agreement with New Zealand Steel to supply Green Coke and are aiming to raise capital for development of a pilot plant and further research and development.

Baldwins are proud to be associated with CarbonScape and wish them all the best in their commercial and environmental endeavours.

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