The Dutch Postcode Lottery has held the Postcode Lottery Green Challenge every year since 2007 as part of its efforts to help make the world a greener place and is one of the world's largest competitions for sustainable innovation.
Blenheim-based CarbonScape headed off competition from 508 other entries from around the world to become one of six finalists who will present their business case to an expert jury panel in Amsterdam on September 17.
The jury will then announce the top three finalists to continue on to New York City, where the first, second and third place prizes will be announced on September 23 at a special dinner hosted by the United Postcode Lotteries in conjunction with the Clinton Global Initiative Annual Meeting. The winning entries aren’t decided by the jury alone, but also by an online public poll (click here to vote).
The eventual winner will receive €500,000 (NZ$783,000) to invest in business development and the runners up, €100,000 each.
CarbonScape has developed patented continuous-flow microwave technology in a process to convert wood and other waste into high-value graphite, activated carbon (AC), and metallurgical coke. The company has begun small-scale production at its South Island pilot site. The company says its 'green coke' could replace fossil fuels in the steel industry and significantly lower global greenhouse gas emissions.
“We’re very excited that the judges have recognised CarbonScape’s great potential to reduce greenhouse gas emissions through cradle-to-cradle resource management,” says CarbonScape director Nick Gerritsen. “We need the public to get behind us though to take out the top prize."