Jalo Launches €20 Million Equity Raise to Build First “Made-In-The-Netherlands” Negative-Emissions Energy Plant in Almelo
Jalo is a Dutch clean-energy and carbon-removal company developing negative-emissions energy infrastructure. Its first project in Almelo is designed to produce sustainable pellets while capturing biogenic CO₂ for industrial use and permanent storage. Jalo’s ambition is to develop a replicable platform for low-carbon energy and durable carbon-removal infrastructure in the Netherlands and wider Europe.
Jalo, a Dutch clean-energy and carbon-removal company, today announced the launch of a €20 million equity fundraising round to finance its first large-scale bioenergy with carbon capture and storage (BECCS) plant in Almelo, Overijssel, Netherlands.
The project is designed to become a flagship Dutch negative-emissions energy asset, combining local biomass conversion, long-term industrial offtake and permanent biogenic CO₂ storage. Once operational, the Almelo plant is expected to produce approximately 125,000 tonnes of sustainable EN plus-grade pellets per year and capture around 56,000 tonnes of biogenic CO₂ annually.
“Almelo is our first step towards a portfolio of negative-emissions energy plants built in and for Europe,” said Jan Demmer, CEO of Jalo. “By combining local feedstocks, proven industrial technology and long-term commercial contracts, we aim to provide reliable low-carbon energy, reduce exposure to fossil-fuel volatility and deliver permanent carbon removals that support Dutch and European climate goals.”
The Almelo project has an estimated total capital requirement of approximately €52.5 million, with around €32.5 million expected to be funded through a combination of vendor financing, senior debt and public-sector support. The €20 million equity raise is intended to complete the project’s capital structure and support the plant through construction, commissioning and commercial scale-up.
Jalo has structured Almelo as a replicable industrial module. The company’s strategy is to prove the technical, commercial and regulatory model at its first site, then develop follow-on projects in other Dutch provinces and selected European regions with supportive policy, suitable feedstock availability and demand for low-carbon energy and durable carbon removals.
“The Carbon and Certification strategy of the company is second to none, with advanced ISO 9001 and REDIII compliant systems under development and ready when construction starts, said Roel van Beusekom and Christophe Nourissier, Certification and Carbon Managers for the company”.
The plant benefits from long-term contracted arrangements across both supply and offtake, including a 125,000 tonne-per-year pellet offtake agreement and a 15-year sustainable biomass supply agreement. The project is also expected to benefit from 12–15 years of Dutch SDE++ support, providing long-term revenue visibility and infrastructure-style downside protection.
Jalo’s BECCS model is being developed to align with emerging European carbon-removal certification standards, including requirements for measurement, reporting, verification and long-term storage. Part of the captured CO₂ may be supplied to local industrial or horticultural users, with the remainder intended for permanent geological storage.
The project also supports Dutch energy resilience by using local biomass and waste streams to produce low-carbon energy within the Netherlands. For industrial customers, municipalities and strategic partners, Almelo offers a practical route to reduce fossil-fuel exposure while supporting domestic employment, regional infrastructure and the EU’s wider net-zero transition.
Jalo is now engaging with infrastructure and energy investors, climate-tech and impact funds, strategic partners, municipalities and industrial energy users interested in participating in the €20 million equity raise or exploring long-term partnerships for pellets, energy and CO₂ offtake.
Organisations interested in learning more about the Almelo project, potential equity participation or long-term offtake partnerships are invited to contact Jalo for further information and detailed investor materials.
