OCOchem develops a carbon conversion technology that electrochemically transforms carbon dioxide and water into formate, a versatile platform chemical and liquid hydrogen carrier, using its proprietary Carbon FluX Electrolyzer. This process addresses the challenge of excessive CO2 emissions by enabling the production of sustainable chemicals and energy storage solutions, thereby reducing reliance on fossil fuels in the chemical supply chain.
Funding
$5.3M 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.
TVFounders
Product
Problem
The chemical industry relies heavily on fossil fuels as a feedstock and energy source, contributing significantly to CO2 emissions and hindering the transition to sustainable practices. Traditional methods of producing organic molecules often involve environmentally damaging processes and contribute to the depletion of natural resources.
Solution
OCOchem develops and deploys Carbon FluX Electrolyzer (CFE) systems that convert captured carbon dioxide, water, and renewable electricity into formate, a versatile platform molecule. This electrochemical process transforms and stores electrical energy into chemical energy by binding CO2 with hydrogen from water. The resulting formate can be used as a building block for a wide variety of chemicals, materials, and fuels, displacing the need for fossil fuels in various industrial applications. OCOchem's technology offers a sustainable and cost-effective alternative for producing essential chemicals while reducing carbon emissions and promoting a circular carbon economy.
Target Audience
OCOchem's primary customers include organizations in the chemical, energy, and agricultural sectors seeking sustainable alternatives to fossil-fuel-derived products and methods for reducing their carbon footprint.
Features
- Modular Carbon FluX Electrolyzer (CFE) systems for on-site formate production
- Electrochemical process operating at ambient conditions with high carbon and energy efficiency
- Ability to utilize recycled CO2 and surplus renewable electricity as inputs
- Production of formate in either salt or acid form, suitable for diverse applications
- Scalable technology with a 60,000x scale-up from initial prototypes to industrial-scale cells
- Potential to reduce CO2 emissions by a factor of 7 for every unit of formate produced
- Load-following capabilities to maximize the use of intermittent renewable energy sources