NEG8 Carbon moves to Kinetic Labs in Waterford to commercialise its carbon capture technology
NEG8 Carbon has joined Kinetic Labs in Waterford and will be bringing additional employment to the South East.
NEG8 Carbon specialises in the capture, storage and utilisation of carbon dioxide from the atmosphere. NEG8 Carbon aims to be the leading inventor and integrator of sustainable and affordable technologies for the capture and utilisation of carbon dioxide using renewable energy. The NEG8 Carbon technology will over time help to bring the existing CO2 concentration in the atmosphere back to safe levels.
Patsy Carney, Director of Kinetic Labs commented:
NEG8 Carbon joining Kinetic Labs is not only great for our science community, but also Waterford and the South East. I know that for start-ups finding affordable and flexible lab space can be a big challenge so Kinetic Labs is the ideal place for spin-outs such as NEG8 Carbon to develop their business. This is the next step in our vision to transform Kinetic Labs into a science innovation hub for the South East.
Talking about the move to Kinetic Labs, Ray Naughton, NEG8 Carbon Director said:
It has taken NEG8 Carbon 10 years from initial University research to commercialisation of our technology. The opening of Kinetic Labs in Waterford uniquely provides the ideal lab environment to allow our ground breaking carbon capture technology to be developed. The location also provides access to sophisticated prototyping and manufacturing capability which will enable us manufacture and produce systems which will help to address the global challenges of Climate Change and Global warming.
This is positive news for the South East region and Waterford with initial recruitment starting for a Mechanical Engineer and Chemical Engineer. This is a major opportunity for Ireland to become a world leader in Carbon Capture and Reuse technologies. NEG8 Carbon and Kinetic Labs could lead the Climate Change Industry by helping to establish an advanced Centre for the capture and reuse of carbon across multiple industries.
About Kinetic Labs: Kinetic Labs is a new purpose-built science innovation centre for the South East. It was set-up to provide science-based companies in the South East with the lab facilities needed to develop their products and processes. Companies can access 400 m2 of high-quality lab space together with office space, meeting rooms and all the facilities required to grow their company.
Based in Waterford, Kinetic Labs is located in the heart of a thriving industrial and business park within walking distance of Waterford Institute of Technology, Pharmaceutical and Molecular Biotechnology Research Centre (PMBRC), the local IDA, Enterprise Ireland and South East Business & Innovation Centre (SEBIC) offices. Kinetic Labs is in a unique position in Ireland and Europe surrounded by a cluster of operations with knowledge and experience in the Life Sciences.
Before Kinetic Labs, the South East had no wet lab incubation facilities for science-based companies to develop their products and processes. A combination of a REDF grant from Enterprise Ireland and add on funding from WorkLAB and Waterford City & County Council enabled the development of this much needed infrastructure in the region.
The design work on the new facility commenced in late 2019, with construction completed in December 2020.