NeoCarbon develops Direct Air Capture (DAC) technology that captures CO₂ from the atmosphere and utilizes it as a resource for various industries. By leveraging existing infrastructure and waste heat, NeoCarbon significantly reduces the energy costs associated with carbon removal, addressing the urgent need for effective carbon management in the face of ongoing emissions.
Funding
$4.8M 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.
RVUCFounders
Product
Problem
Despite efforts to reduce carbon emissions, certain industries face unavoidable emissions, necessitating methods for removing existing CO₂ from the atmosphere. Traditional Direct Air Capture (DAC) technologies are often energy-intensive and costly, hindering widespread adoption.
Solution
NeoCarbon develops Direct Air Capture (DAC) technology that extracts CO₂ directly from ambient air and repurposes it as a resource for various industries. Their patented approach reduces the costs associated with DAC by leveraging existing industrial infrastructure, such as cooling towers, and utilizing waste heat as an energy source. This retrofit strategy avoids the need for new construction and infrastructure development, significantly lowering both investment and operating expenses. The captured CO₂ can then be safely stored or utilized in a variety of applications, promoting a circular carbon economy.
Target Audience
NeoCarbon's primary customers are industries with significant carbon footprints seeking to reduce their environmental impact, as well as organizations interested in utilizing captured CO₂ as a resource.
Features
- Patented DAC technology that integrates with existing infrastructure like cooling towers
- Utilization of waste heat to minimize energy consumption and operational costs
- Modular design for scalable and adaptable deployment
- CO₂ capture process using chemical sorbents with high CO₂ affinity
- CO₂ output suitable for permanent storage or industrial reuse