PGGM, a pension fund service provider in the Netherlands, has acquired a 49 percent stake in Carbon Collectors on behalf of Pension Fund Zorg en Welzijn (PFZW).
PGGM has also acquired the exclusive right to invest up to €200 million ($211 million) of equity in projects to build the necessary infrastructure that will be used to collect, transport and inject carbon dioxide into permanent geological storage sites, such as depleted offshore gas fields. These investments will enable Carbon Collectors to realize its first projects and to accelerate project delivery.
Carbon Collectors is a Dutch company that offers smart, flexible services for the collection, transport and storage of carbon dioxide captured by industrial parties. The company targets clients in hard-to-abate industries, or sectors that are particularly difficult to decarbonize. Examples include the steel and cement industries, as well as the waste treatment, recycling, and pulp and paper industries.
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