Jalo Initiates €20 Million Equity Raise for Negative-Emissions Plant in Almelo, Netherlands
Jalo is conducting a €20 million equity fundraising to establish a bioenergy with carbon capture and storage plant in Almelo. The initiative aims to develop a significant negative-emissions energy asset that supports local biomass conversion and contributes to climate goals in Europe.
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Jalo's Almelo project requires approximately €52.5 million in total capital, with €32.5 million sourced from vendor financing, senior debt, and public support. Once operational, the facility is anticipated to produce about 125,000 tonnes of sustainable EN plus-grade pellets annually and capture 56,000 tonnes of biogenic CO₂.
The project will implement long-term contracts for biomass supply and pellet offtake, along with Dutch SDE++ support for revenue stability. Jalo's approach involves creating a replicable model for future negative-emissions energy plants across Europe, addressing local energy needs while enhancing carbon removal efforts. Engaging with investors and partners is crucial for advancing this equity raise.
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