From 41.6 million tons of greenhouse gases to net zero by 2050: in addition to reducing emissions, Switzerland's climate target can only be achieved with additional technologies that extract and store CO2 from the atmosphere. With the support of the Migros Pioneer Fund, Recoal is developing a technology that converts (waste) biomass into carbonisate, a carbonaceous product that stores carbon permanently. This carbonate can then be stored "underground", in underground storage facilities. Pirmin Aregger, co-founder of Recoal, summarizes: "Recoal has set itself the goal of offering a simple, safe and efficient solution for the removal of CO2 and thus supporting Switzerland on its way to net zero."

With the support of the Migros Pioneer Fund to net zero Financially, the young company can count on the Migros Pioneer Fund.

The development fund has decided to support Recoal because "without investment in carbon dioxide removal - the permanent removal of CO2 from the atmosphere - Switzerland will not achieve its climate targets. Recoal's solution is promising, especially because the CO2 can be permanently stored domestically and transparently in the form of carbonate." Says Pablo Villars, Project Manager at the Migros Pioneer Fund.

Team and initial successes

Following successful feasibility studies with partners such as ETH Zurich and TU Delft, Pirmin Aregger, Joachim Hanssler and Giovanni Alberti founded Recoal AG in 2023. The team is currently working intensively on planning a pilot plant in Switzerland. Recoal received prestigious recognition shortly after it was founded: Recoal's potential was confirmed both at the IMD Start-up Competition and in international carbon removal programs such as remove and the ceezer Carbon Coalition.

Attractive market and great potential for Switzerland
The need for CO2 removal technologies is emphasized by the Intergovernmental Panel on Climate Change, among others. This could also open up enormous economic potential for Switzerland: Forecasts by the Boston Consulting Group predict growth in the billions by 2030 - comparable to today's oil and gas industry. Switzerland is well positioned: Around 9% of global jobs in this growth sector are based here.

About Recoal
The Zurich-based start-up has developed a technology that efficiently removes CO2 emissions and permanently stores them geologically.
Further information: www.recoal.net

About the Migros Pioneer Fund
The Migros Pioneer Fund supports sustainable solutions for social challenges in order to initiate systemic change towards a sustainable society. The impact-oriented funding approach combines financial support with active funding and risk management. The fund is RECOAL AG, Hardturmstrasse 161, 8005 Zurich part of the Migros Group's social commitment and has an annual budget of around CHF 15 million. It is supported by Migros Group companies such as Denner, Migros Bank, Migrol, migrolino and Ex Libris.

Further information: www.migros-pionierfonds.ch

For queries
Pirmin Aregger, Recoal, Co-Founder, 079 353 93 12, pirmin.aregger@recoal.net
Martina Bühler, Recoal, Communications, 079 239 84 15, martina.buehler@recoal.net
Pablo Villars, Migros Pioneer Fund, Project Manager, 058 570 18 67, pablo.villars@mgb.ch