{"id":14570,"date":"2023-11-28T16:33:55","date_gmt":"2023-11-28T16:33:55","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14570"},"modified":"2023-11-28T16:33:57","modified_gmt":"2023-11-28T16:33:57","slug":"carbon-removal-startup-carbo-culture-raises-18-million","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/carbon-removal-startup-carbo-culture-raises-18-million\/","title":{"rendered":"Carbon Removal Startup Carbo Culture Raises $18 Million"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-14570\" data-postid=\"14570\" class=\"themify_builder_content themify_builder_content-14570 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Finnish-American climate solutions provider Carbo Culture announced today that it has raised $18 million, with proceeds aimed at advancing the deployment and commercialization of its biochar carbon removal technology.<\/p>\n\n\n\n<p>Founded in 2018, Carbo Culture transforms waste biomass using patented technology to permanently store carbon in a solid form as biochar. The company\u2019s technology heats biomass waste at high temperatures in oxygen-limited environments, allowing it to durably store carbon. The resulting biochar, when added to soil, can increase nutrient retention and water-holding capacity as well as storing carbon that might otherwise be released into the air if biomass were allowed to decompose naturally. The process it uses not only produces biochar but also syngas, which can be used as used for producing ammonia, methanol or fuel.<\/p>\n\n\n\n<p>Carbo Culture successfully commissioned R3, one of Europe\u2019s largest biochar plants in August of 2023. The company plans to use the investment to start developing commercial scale projects.<\/p>\n\n\n\n<p>Carbo Culture CEO and Co-founder Henrietta Moon said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cWe need to create a global (carbon removal) industry from scratch and we\u2019re working against the clock, so the sooner we can roll out our projects to meet this demand, the better we can fight to remain below 2c.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>The Series A funding round was co-led by Singapore-based decarbonization-focused investment company GenZero and San Francisco-based venture capital firm True Ventures with participation from Tesi (Finnish Industry Investment Ltd), alongside other climate tech investors and family offices.<\/p>\n\n\n\n<p>Frederick Teo, CEO of GenZero, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cCarbo Culture\u2019s work leverages the power of both technology and nature to produce biochar with superior carbon sequestration capabilities. By undergoing Carbo Culture\u2019s Carbolysis process, a greater amount of carbon is locked in per unit of biochar and stored more durably than conventional production methods. This proprietary technology also avoids the production of bio-oil, resulting in higher yields of clean syngas from waste biomass, which in turn can be used to generate renewable electricity and heat. We look forward to supporting Carbo Culture in their next stage of growth and scaling its decarbonisation impact across more markets.\u201d<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Finnish-American climate solutions provider Carbo Culture announced today that it has raised $18 million, with proceeds aimed at advancing the deployment and commercialization of its biochar carbon removal technology. Founded in 2018, Carbo Culture transforms waste biomass using patented technology to permanently store carbon in a solid form as biochar. The company\u2019s technology heats biomass [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":14571,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[12,4],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Carbon Removal Startup Carbo Culture Raises $18 Million - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/carbon-removal-startup-carbo-culture-raises-18-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carbon Removal Startup Carbo Culture Raises $18 Million - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Finnish-American climate solutions provider Carbo Culture announced today that it has raised $18 million, with proceeds aimed at advancing the deployment and commercialization of its biochar carbon removal technology. Founded in 2018, Carbo Culture transforms waste biomass using patented technology to permanently store carbon in a solid form as biochar. 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