Climate-tech startup CarbonBlue announced that it has raised $10 million in a seed funding round, with proceeds to be used to scale up and deploy its water-based Carbon Dioxide Removal (CDR) technology.
Founded in 2022 in Israel, CarbonBlue provides technology to turn any water-based infrastructure into a CDR facility by removing CO2 from water, enabling it to absorb more from the atmosphere. The company’s solution takes water containing dissolved atmospheric CO2 and pumps it into a reactor which extracts the CO2, mineralizing it into solid limestone. Then, using heat, a second reactor removes CO2 from the limestone. The stream of pure, removed CO2 is then used as an industrial feedstock, or sequestered in geologic formation granting a tradable carbon credit by the ton, while the low-CO2 water is returned to its source, for the removal of CO2 from the environment.
Content retrieved from: https://www.esgtoday.com/cleantech-startup-carbonblue-raises-10-million-to-scale-up-water-based-co2-removal-technology/.
