Airfix
Building a Biomass Carbon Removal and Storage market.
Biomass with Carbon Removal and Storage (BiCRS) is a process that captures carbon emissions from organic material and stores the carbon in durable products or geologically. BiCRS uses proven technology that holds significant potential in industries and processes where reaching net zero is considered difficult or impossible, such as biomass or biogas plants, wastewater treatment plants and waste incineration plants.
Our Mission
Activating the Swiss BiCRS market
Uniquely positioned, Airfix seeks to activate the Swiss and European BiCRS market by using climate finance to rapidly scale this carbon removal technology. Unlocking the potential of BiCRS will empower some of Europe's crucial service providers to capture, transport and securely store their carbon emissions. Airfix aims to capture five million tonnes of carbon dioxide equivalent in 10 years.
Meeting the challenge
A market the size of the fossil fuel industry will be required to remove, transport & store carbon at scale to reach the goals of the Paris Agreement.
BiCRS has a key role to play here. But the value chain of BiCRS projects is long and complex. Companies with biogenic carbon emissions are often too small to manage the financing, transport and long term storage of the captured carbon. In addition, the bankability of projects can only be ensured if there are buyers in the voluntary market, public subsidies or regulatory instruments to cover the full cost of the value chain.
Airfix supports biogenic carbon emitters to develop and finance carbon removal and storage, giving investors the confidence to invest in BiCRS while producing certified carbon removal credits, underpinned by significant emissions reductions.
By creating a cohesive ecosystem for BiCRS projects we simplify the complex value chain for biogenic emitters, providing investors with attractive opportunities for low-carbon investments and drive carbon finance into the BiCRS market by working with carbon standards to produce certified carbon credits.
Risk capital is provided to emitters and re-financed as soon as the project is commissioned or de-risked.
With a strong network of partners, Airfix can provide consulting and project management throughout the lifespan of the project.
Demand for transport and storage from our partners is aggregated and coordinated by Airfix, to lower cost and secure capacities.
Airfix's latest position paper
While the voluntary market can act as a catalyst to unlock BiCRS in Switzerland, government intervention is a necessity to lower market barriers – and sooner rather than later.
Airfix's latest position paper provides recommendations on how to address prominent barriers to scaling BiCRS in Switzerland, with a focus on market incentives and CO₂ transport networks.
The first project supported by Airfix will be a waste-to-energy plant in the wider Zurich area.
The plant is about to go into the detailed feasibility study phase and Airfix is developing the value chain to secure permanent removal once the plant starts capturing CO2 expected in the mid-2020s.
Who we are
Airfix is a subsidiary of South Pole, made possible by Migros Pioneer Fund.
South Pole has been at the forefront of decarbonization since 2006. South Pole both develops emission reduction projects globally as well as implements comprehensive climate solutions and strategies that turn climate action into long-term business opportunities for companies, governments and organizations around the world. Find out more at www.southpole.com.
The Migros Pioneer Fund looks for and supports ideas with social potential. It enables pioneering projects that break new ground and seek out forward-looking solutions. Its impact-oriented funding approach combines financial support with coaching services. The Migros Pioneer Fund is part of the Migros Group's social commitment and is enabled by the Migros Group with around CHF 15 million annually. Find out more at www.migros-pionierfonds.ch
Meet the team
Stephanie Bischof is the Managing Director of Airfix.
Stephanie Bischof is the Managing Director of Airfix. Stephanie has a broad background in Corporate Finance, Business Partnering and Performance Management in various industries. Before her time at South Pole, she built up a finance department of the Swiss Railway company. She holds masters degrees in Business and Education from the University of Innsbruck. She is committed to contributing to climate action.
Aymeric Reymond is Senior Investment Manager at South Pole.
Aymeric specialises in financing climate change mitigation and adaptation projects. At South Pole he has provided climate finance advisory services to international development organisations and multilateral development banks. He holds a masters degree in Financial Engineering from the École Polytechnique Fédérale de Lausanne. He is determined to use his expertise for a more sustainable future.
Contact us
Contact us at info@airfixcarbon.com for more infomation.
