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

TechCrunch LogoTechCrunch1 mo ago

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

Quick Summary:

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.

The company has now closed a €1.2M Pre-Seed round led by Berlin-based early stage investor Atlantic Labs.

It also has a €43m EU grant to scale-up the process, as it is part of a consortium which received cash from the EU’s Horizon 2020 research and innovation programme.


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Article Details

Author / Journalist: Mike Butcher

Category: Technology

Topics: Climate change Zurich Jensen Atlantic Labs TC Berlin Greenhouse gas Nature Copenhagen Carbon capture and storage Europe Articles Chemicals LanzaTech European union

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-10, 08:00:16

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 3 minutes read

Article Length: 387 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 126395

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