Paris, May 2026 — Carbon Impact announces that the European Investment Bank (EIB) will provide technical and financial advisory support for its BioCO₂ Nancy project, under the Project Development Assistance (PDA) component of the EU Innovation Fund. The agreement was signed in February 2026.
This selection is a recognition by the Innovation Fund of our project’s innovation and high potential to reduce greenhouse gas emissions.
120,000 tonnes of CO₂ permanently removed from the atmosphere
Developed by Carbon Impact with our partners Airfix and South Pole, the BioCO₂ Nancy project will capture and permanently sequester close to 120,000 tonnes of biogenic CO₂ over 10 years. The CO₂ originates from three biomethane plants near Nancy, in north-eastern France. These plants use anaerobic digestion to produce biogas from locally sourced agricultural waste, mainly provided by nearby farmers who own and operate the facilities.
The process relies on proven technology: biogenic CO₂ capture during biogas upgrading, cryogenic liquefaction, and transport to a permanent geological storage site in the North Sea. Residual methane slip is reinjected into the biogas process to prevent any additional greenhouse gas release.
Strategic EIB Advisory support to accelerate entry into operation
The Innovation Fund is one of the European Union’s key financing programmes supporting the objectives of the European Green Deal. In addition to grants, it includes a Project Development Assistance (PDA) component, delivered by EIB Advisory, to support innovative projects in strengthening their technical and financial maturity and improving their readiness for investment. The goal is to help projects with a high potential to reduce greenhouse gas emissions reach the market within four years.
Overview of the Innovation Fund – Source: hhtps://www.eib.org
For BioCO2 Nancy, it will include analysing key market, financial and economic assumptions, risks, as well as assessing its potential for replication.
What this means for Carbon Impact and BioCO₂ Nancy
The EIB Advisory services’ involvement marks a critical inflection point for BioCO₂ Nancy. The project’s technology and operational model are proven. What remains is to secure the financing structure and logistics chain needed to move from development to deployment. The PDA will help bridge that gap: accelerating financial close, stress-testing the project’s economic model against evolving carbon market conditions, and laying the groundwork for replication across France’s growing network of biomethane plants. This is a concrete step towards industrialising biogenic carbon removal in Europe.
A strong signal for the biogenic CO₂ sector in France
France holds considerable potential for negative emissions from biomethane, estimated at a few million tonnes per year by 2050 depending on the scenario. BioCO₂ Nancy demonstrates that action is possible now, with existing infrastructure, mature technology, and deep local roots. But scaling this into a full industry requires coordinated support at every level, regional, national, and European.
The delivery of Innovation Fund – Project Development Assistance by the European Investment Bank’s Advisory arm, to the BioCO₂ Nancy project demonstrates how advisory support can help translate innovative solutions into investable projects. By building on existing infrastructure and local operations, such support can contribute to the gradual development of new sectors with positive economic, social and environmental impacts.
About Carbon Impact Carbon Impact is an independent negative emissions developer. The company identifies, develops, and structures biogenic CO₂ capture and geological sequestration projects from biomass plants across Europe. Partners include Airfix, South Pole, Naldéo, BPI France, ADEME, Club CO₂, AFEN. More information at carbon-impact.net
About the European Investment Bank (EIB) The European Investment Bank is the European Union’s investment bank and the largest multilateral financial institution in the world. Owned by the 27 EU member states, the EIB finances projects that advance EU policy objectives across climate, environment, innovation, and infrastructure. As the EU’s climate bank, the EIB Group dedicates over 50% of its financing to climate and environmental objectives and is committed to supporting €1 trillion in green investment by 2030. The EIB, through its Advisory arm, manages the Innovation Fund’s Project Development Assistance programme, providing technical and financial advisory support to accelerate the deployment of innovative decarbonisation projects across Europe. More information at eib.org