Opening

Biogenic Food-Grade CO₂
From Source to Bankable Project

Sources exist. Technology routes exist. What makes the project real is how we connect the chain.

Why we are here today

This is a 30-minute opening conversation. The objective is to align on opportunity, role, risk and a realistic path to a first project.

  • Reliable biogenic source
  • Food-grade purification & liquefaction
  • Storage and loading infrastructure
  • Liquid CO₂ logistics
  • Long-term offtake
  • Financing
  • Fair commercial structure

At a glance

RegionCzech Republic (core) · Slovakia · wider CEE
ProductLiquid food-grade CO₂, biogenic origin
Indicative CAPEX≈ €3.5–4+ million per site
StageEarly-stage development — not a locked structure
Biogenic origin = circular economy narrative for buyers
Key message
This is not only about CO₂. It is about building a bankable value chain.
What we have already done

Early-stage development has already started

We are not starting from zero — but we are also not locked into one supplier or one structure.

Deepest market screening in the Czech Republic

Relationship mapping across source owners, technology suppliers and offtake channels.

Initial contacts and market understanding in Slovakia

Adjacent market, useful for expansion once a pilot project is proven.

Preliminary discussions with a CO₂ technology supplier

One route identified. NDA draft under review, not signed yet.

Existing contacts with Czech biogas / biomethane technology companies

Pipeline of potential source owners and operating partners.

Understanding of source types we can build on

Biomethane plants · distilleries · future waste-to-methanol projects.

Optionality on geography

Czech base is strong; wider CEE is a scalable opportunity, not yet deeply mapped.

We say “NDA draft under review, not signed yet” — and we mean it. No binding supplier or offtake agreements exist at this stage.

Key message
We have done the local groundwork. What we are looking for is a partner to make the project bankable.
Who we are

Local Project Development Team

Three complementary roles — technical-commercial development, business expansion and relationship-based project support.

Ben

Technical & Project Development Lead

  • Technical-commercial understanding of biogenic CO₂ value chains
  • Czech source origination
  • Supplier discussions
  • Local market screening
  • Early-stage project development
  • Project framing and partner coordination

Vladimír

Business Development & Regional Expansion

  • Business development
  • Large-volume commercial thinking
  • Regional buyer mapping
  • German language capability
  • Support for expansion into Slovakia · Germany · wider CEE
  • Commercial structuring support

Vladimíra

Relationship & Operations Support

  • Meeting preparation and follow-up coordination
  • Backoffice and operational support
  • Stakeholder relationship building
  • Facilitation and communication support
  • Interpersonal dynamics in key meetings
  • Network and community development
Key message
We combine technical-commercial development, business expansion and relationship-based project support.
Regional position

Strongest base: Czech Republic

Where we are deepest today. Where we believe expansion can follow.

RegionCurrent position
  • Czech Republic
    Strongest current base
  • Slovakia
    Initial contacts and understanding
  • Poland
    Interesting potential, not deeply mapped yet
  • Wider CEE
    Scalable opportunity if the model works
Key message
Our strongest current position is in the Czech Republic. Wider CEE is a scalable opportunity, not an overclaimed asset.
Technology pathway

Technology route exists — but technology alone is not enough

The full biogenic CO₂ value chain is mature. The challenge is to wire it together commercially.

  1. Stage 1

    CO₂ source

    biomethane · distillery

  2. Stage 2

    Purification

    removal of impurities

  3. Stage 3

    Liquefaction

    gas → liquid

  4. Stage 4

    Food-grade approval

    spec · testing · cert

  5. Stage 5

    Storage

    buffer inventory

  6. Stage 6

    Loading

    truck / rail bay

  7. Stage 7

    Logistics

    liquid CO₂ transport

  8. Stage 8

    End-customer

    food & beverage

  • Potential technology supplier route identified
  • Preliminary supplier discussions ongoing
  • NDA draft under discussion, not signed
  • No binding supplier arrangement of any kind exists yet
  • Other supplier routes remain open
Key message
Technology can be developed. The missing piece is a bankable commercial structure.
Main bottleneck

The bottleneck is not CO₂ availability

Sources exist. What stops real projects is what surrounds the molecule.

CAPEX ≈ €3.5–4+ M

Per-site investment that must be defensible to investors.

Food-grade specification & approval

Spec, sampling, testing, source approval, customer approval.

Liquefaction & storage

On-site liquefaction unit plus buffer storage before loading.

Liquid CO₂ logistics

Tank trucks, scheduling, ownership of transport risk.

Long-term offtake

Multi-year contracts at a price that supports the project.

Price level for all parties

Source owner, operator, logistics, investor — all need to clear.

Investor confidence

Risk allocation, governance, predictable cash flows.

Key message
Without bankable offtake, the plant owner or investor will not finance the unit.
Commercial reality

Why size and logistics matter

Source scale drives unit economics — and value expectations from the source owner.

Harder economics

Small sources

  • Lower volume
  • Higher logistics cost per tonne
  • Lower acceptable raw CO₂ value
  • Harder to justify CAPEX
More attractive for financing

Large sources

  • Better CAPEX efficiency
  • Better logistics planning
  • Higher value expectation from source owner
  • More attractive to investors
Key message
The larger and more stable the source, the easier it is to justify investment. But the source owner will also expect a share of the value.
Role of the UK partner

Possible role of the UK partner

We understand your role may be to orchestrate, not operate.

Offtake orchestration

Coordinate end-customers into a bankable demand.

Trading structure

Contracts, pricing, risk layering across buyers.

Access to end-customers

Food & beverage, beverage carbonation, greenhouse, dry ice.

Financing relationships

Investor networks, debt providers, family offices.

Project finance structuring

SPV design, debt / equity mix, offtake-linked instruments.

Commercial credibility

Independent counterparty weight for the investor case.

Key message
Your value is not necessarily in operating the chain. Your value could be in making the chain bankable.
Potential cooperation model

How we could work together

Two complementary skill sets — same project, different roles.

You bring
  • Bankable offtake
  • End-customer access
  • Trading structure
  • Financing or investor access
  • Commercial framework
We bring
  • Czech source origination
  • Local market knowledge
  • Supplier pathway
  • Czech biogas / biomethane contacts
  • Early-stage development
  • Potential regional expansion
Key message
Together we can create a project, not only a trading opportunity.
What we need to clarify

Key questions for today

Before moving to specific source names, we need clarity on role, risk and commercial structure.

  • Are you acting as trader, broker, financier, project developer, or orchestrator?
  • Would you buy CO₂ on your balance sheet?
  • Or would the end-customer sign the offtake?

Key message
If a question is uncomfortable, that is exactly why it belongs on this slide.
Protection of local development work

Before disclosing specific sources

We have invested time in market screening, supplier discussions and local relationship building. That work needs to be protected.

What we need to agree on
  • NDA
  • Non-circumvention
  • Cooperation framework
  • Development role
  • Compensation model
Possible compensation models
  • Development fee
  • Success fee
  • Per-tonne commission
  • Minority participation in SPV
  • Retainer for active market development
“Before we move to specific names and locations, we would like to agree on a simple cooperation framework. We have already invested time in market screening, supplier discussions and local relationship building. If we bring concrete CO₂ sources and local partners, our origination and development role needs to be protected.”
Key message
Specific source names and contacts should be disclosed only after our development role is protected.
Proposed next steps

Proposed next steps

A 5-step path from this meeting to a structured bankable project.

  1. Commercial clarification

    • UK partner confirms role
    • Indicative offtake volume
    • Indicative price
    • Food-grade specification
    • Financing potential
    • Logistics assumptions
  2. Protection framework

    • NDA
    • Non-circumvention
    • Cooperation agreement
  3. Pilot source selection

    • Anonymized overview of 2–3 source types
    • Select one best pilot source
    • Site visit / technical review
  4. Pre-feasibility

    • Source volume
    • CO₂ composition
    • CAPEX / OPEX
    • Logistics model
    • Offtake economics
    • Investor structure
  5. Project structure

    • SPV or other structure
    • Technology supplier
    • Financing
    • Offtake agreement
    • Implementation plan
Primary CTA

Clarify role → agree protection framework → select pilot source → build pre-feasibility → structure bankable project.

Final message
We can develop the local opportunity. What we need from you is bankable offtake, financing logic and commercial structure.
Backup · Food-grade detail

Food-grade CO₂ is not just a label

A short reference slide if the conversation goes deep on specification.

Food-grade requires clarity on

Specification — exact composition and impurity limits
Impurity limits — what is allowed, what is not
Sampling protocol — how samples are taken
Lab testing — which lab, which method
Source approval — who authorises the source
Customer approval — who accepts the product
Documentation — certificates, traceability
Liability — who carries off-spec risk
Key message
Food-grade must be defined by the exact specification and approval process.
Backup · Project structure

Possible project structure

A reference view of who owns what, who carries which risk, and who shares the revenue.

Inputs

CO₂ sourcebiomethane · distillery
Technology supplierpurification · liquefaction
Project company

SPV

ownership · risk allocation · revenue sharing

Capital & partners

Investor / financierCAPEX · SPV capital
UK partnerofftake orchestration
Local development teamsourcing · relationships
End-customersfood & beverage
Sourcebiomethane · distillery
SPVproject company
Partnerstech · UK · local · capital
Key message
The project needs clear ownership, risk allocation and revenue sharing.