Dana Energy Capital Development Completes Exit from Carbon Bared to Advance Green Energy Strategy

Dana Energy Capital Development announces the successful divestment of its stake in Carbon Bared, marking the conclusion of a multi-year transformation that significantly enhanced the company’s operational and financial performance.
In 2022, Dana Energy invested in Carbon Bared, a company engaged in converting waste gas from the hydrogen unit of the Tehran Refinery into food-grade carbon dioxide. Despite holding a minority stake, Dana Energy assumed a leading role through board governance and strategic oversight, applying a private equity-driven transformation approach.

Throughout the investment period, Dana Energy implemented a comprehensive operational and financial restructuring program. Key initiatives included the establishment of a professional governance framework, stabilization of production, resolution of legacy liabilities, capital restructuring, and strengthening of internal controls and financial discipline. The company also expanded its market presence, including entry into export channels and participation in energy trading platforms.

Following the achievement of strategic and operational objectives, Dana Energy executed a full exit through a structured divestment process. This divestment is fully aligned with our broader strategic shift toward green energy and solar power investments. The capital released from this transaction will be redeployed into renewable energy initiatives and high-potential clean energy projects, reinforcing the company’s long-term commitment to sustainability and the energy transition.

About Dana Energy Capital Development
Dana Energy Capital Development is focused on strategic investments that support long-term value creation, with an increasing emphasis on renewable energy, including solar and other green energy solutions.