Turning Carbon into Commercial Value
Coval Energy enables industries to transform captured CO₂ into valuable chemicals using renewable electricity. Our patented electrochemical technology creates new pathways for carbon removal, carbon utilization, industrial decarbonization, and sustainable chemical production.
By converting captured CO₂ into products such as formic acid and potassium formate, we help industrial partners unlock both environmental and economic value from carbon emissions.
Where We Create the Greatest Impact
Not all CO₂ sources offer the same climate and commercial opportunities.
Coval Energy focuses on markets where captured carbon can deliver the highest combination of:
- Carbon Dioxide Removal (CDR) value
- Commercial readiness
- Available CO₂ infrastructure
- Scalability potential
- Attractive product markets
This enables our customers to reduce emissions, generate new revenue streams, and participate in the growing circular carbon economy.
Our Primary Target Markets
Biogas Upgrading
Biogas facilities generate concentrated streams of biogenic CO₂ that can be directly converted into valuable chemical products.
Why it matters
- High carbon removal potential
- Existing CO₂ capture infrastructure
- Immediate commercial readiness
- Strong demand for end products
- Attractive economics
Products
- Formic Acid
- Potassium Formate
Bioethanol Plants
Fermentation processes produce high-purity biogenic CO₂ streams that are ideal for carbon conversion.
Key advantages
- Low-cost CO₂ capture
- Immediate market opportunity
- Strong carbon removal credentials
- Well-established industrial infrastructure
Bioethanol producers can transform a waste stream into a source of additional value while supporting decarbonization goals.
Waste-to-Energy Facilities
Waste-to-energy plants produce CO₂ emissions that contain substantial biogenic carbon content.
Opportunity
- Convert emissions into valuable chemicals
- Improve overall plant sustainability
- Create additional revenue streams
- Support circular carbon solutions
These facilities are well positioned to become important contributors to the future carbon economy.
Biomass CHP, Pulp & Paper
Biomass-based industries generate biogenic CO₂ streams that offer significant carbon removal potential.
Benefits
- High-value carbon utilization
- Attractive sustainability profile
- Established industrial operations
- Strong fit with climate strategies and future carbon markets
Strategic Growth Markets
As carbon markets mature and carbon removal frameworks expand, Coval Energy is positioned to address additional high-value sectors.
Direct Air Capture (DAC)
Direct Air Capture represents one of the most promising long-term carbon removal opportunities.
By directly utilizing atmospheric CO₂, DAC projects can combine permanent carbon removal with the production of valuable chemical products.
Long-Term Potential
- Premium CDR value
- Future carbon removal credits
- Negative emissions pathways
- Scalable global opportunity
Emerging Carbon Removal Markets
Future opportunities include:
- Ocean Carbon Removal
- Biomass Gasification
- Novel carbon capture pathways
These sectors offer significant long-term carbon removal value as technologies mature and deployment scales.
Industrial Decarbonization Markets
In addition to carbon removal applications, Coval Energy supports major industrial sectors seeking practical pathways to lower emissions.
Cement & Lime
The cement industry is one of the world’s most important decarbonization challenges.
Our technology enables captured process emissions to be converted into valuable products, creating new opportunities for carbon utilization while reducing overall carbon intensity.
Chemicals & Refineries
Chemical producers and refineries face increasing pressure to reduce emissions and improve sustainability.
Coval Energy offers a route to:
- Convert captured CO₂ into useful chemical intermediates
- Reduce dependence on fossil feedstocks
- Support corporate net-zero strategies
Steel Production
Steel manufacturing generates significant process emissions that can benefit from carbon utilization solutions.
While carbon removal value may be lower than biogenic sources, steel remains an important long-term market for industrial decarbonization.
Hydrogen Production
Hydrogen facilities using conventional production pathways generate concentrated CO₂ streams that represent attractive future utilization opportunities.
By transforming process emissions into valuable chemicals, producers can improve carbon efficiency and lower lifecycle emissions.
Why These Markets Matter
Carbon Dioxide Removal (CDR)
Our technology enables the permanent removal of biogenic and atmospheric CO₂ from the carbon cycle through conversion into commercially valuable products.
Carbon Utilization (CCU)
Captured carbon becomes a valuable industrial feedstock rather than a waste stream.
This creates economic incentives for carbon capture while reducing emissions.
Circular Carbon Economy
We help close the carbon loop by transforming waste carbon into products that support industrial activity and economic growth.
Renewable Energy Storage
Formic acid can act as an energy carrier, enabling renewable electricity to be stored in chemical form and transported when needed.
Industrial Decarbonization
Our technology provides industries with a practical and scalable pathway to reduce emissions while creating commercial value.
End Markets for Coval Products
The products generated through our process serve multiple industries, creating diversified revenue opportunities.
Food & Feed
Sustainable additives and specialty applications.
Chemicals
Chemical intermediates and industrial feedstocks.
Construction
Additives and materials supporting sustainable building solutions.
Textiles & Leather
Specialty chemicals used in manufacturing processes.
Energy & Fuel
Energy carrier applications and future renewable fuel pathways.
Industrial Applications
A broad range of specialty and performance-driven uses.
Why Coval Energy Is Uniquely Positioned
Our market leadership is built on a unique combination of technology, flexibility, and commercial readiness.
Proven Technology
- TRL 7 industrial demonstration
- More than 1,000 hours of continuous formic acid production
- Stable operation up to 40 bar pressure
Commercially Ready
- Immediate deployment opportunities in biogas and bioethanol markets
- Designed for integration with existing industrial infrastructure
- Modular and scalable system architecture
Operationally Flexible
- Fast startup and shutdown
- Rapid ramp-up and ramp-down capability
- Compatible with intermittent renewable electricity
- Supports grid balancing and energy arbitrage opportunities
The Future of Carbon Has Value
Coval Energy is positioned at the intersection of Carbon Dioxide Removal (CDR), Carbon Utilization (CCU), renewable energy storage, and industrial decarbonization.
Our mission is simple: