With a €43M EU grant and €1.2M from a VC, this startup plans to turn CO2 emissions into gold

With a €43M EU grant and €1.2M from a VC, this startup plans to turn CO2 emissions into gold

2 years ago
Anonymous $33nAR-2OaA

https://techcrunch.com/2022/08/10/with-a-e43m-eu-grant-and-e1-2m-from-a-vc-this-startup-plans-to-turn-co2-emissions-into-gold/

The global problem of an over-abundance of CO2 in the atmosphere is ongoing, and a huge area that needs to be addressed, given the amount pumped out by industry. It’s hoped that if carbon dioxide could be converted at the point of emission, we could deal with the climate crisis a lot faster and create a sustainable carbon economy.

There are a few companies trying to tackle this. Zurich-based Climeworks is capturing CO2 from the air via commercial carbon dioxide removal technology, and has raised $784M so far. US-based Lanzatech is doing something similar, turning turning carbon into feedstock. It has raised $310.4M.

With a €43M EU grant and €1.2M from a VC, this startup plans to turn CO2 emissions into gold

Aug 10, 2022, 8:19am UTC
https://techcrunch.com/2022/08/10/with-a-e43m-eu-grant-and-e1-2m-from-a-vc-this-startup-plans-to-turn-co2-emissions-into-gold/ > The global problem of an over-abundance of CO2 in the atmosphere is ongoing, and a huge area that needs to be addressed, given the amount pumped out by industry. It’s hoped that if carbon dioxide could be converted at the point of emission, we could deal with the climate crisis a lot faster and create a sustainable carbon economy. > There are a few companies trying to tackle this. Zurich-based Climeworks is capturing CO2 from the air via commercial carbon dioxide removal technology, and has raised $784M so far. US-based Lanzatech is doing something similar, turning turning carbon into feedstock. It has raised $310.4M.