Cool Planet Technologies has developed a membrane-based carbon capture process that efficiently extracts carbon dioxide from industrial flue gas emissions at a lower cost than traditional methods. The company is constructing a plant capable of capturing 10,000 tonnes of CO2 per year, addressing the urgent need for effective carbon reduction in the cement industry.
Funding
$29.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TIFounders
Product
Problem
Industrial facilities, particularly in sectors like cement production, face the challenge of reducing carbon dioxide emissions from flue gas, which contributes significantly to greenhouse gas levels. Existing carbon capture technologies are often expensive and complex, hindering widespread adoption.
Solution
Cool Planet Technologies offers a membrane-based carbon capture process designed for point-source extraction of carbon dioxide from industrial flue gas emissions. Their technology aims to provide a more cost-effective and scalable solution compared to traditional methods. The process utilizes advanced membranes to efficiently separate CO2 from flue gas, enabling large-scale carbon capture at industrial facilities. The captured CO2 can then be utilized or stored, contributing to decarbonization efforts.
Target Audience
The primary target audience includes industrial companies, particularly those in the cement, steel, and power generation sectors, seeking to reduce their carbon emissions.
Features
- Advanced membrane-based process for CO2 capture from flue gas
- Modular and scalable design for adaptability to various industrial facilities
- Lower cost compared to existing carbon capture technologies
- Proven technology with operational history across cement, steel, and coal-fired power plants