In the UK, ViridiCO2, a spin-out from the School of Chemistry at the University of Southampton, has successfully closed a £3m seed funding round led by EQT Ventures. ViridiCO2 delivers innovative, disruptive Carbon Capture Utilisation (CCU) technology that provides a radical and unique solution for the global chemicals industry to cut its CO2 emissions and create new high-value chemical products from the captured CO2. The funding will accelerate the development and commercialisation of ViridiCO2 CCU technology, allowing the company to revolutionise how the world utilises waste CO2.
ViridiCO2 has invented a radical solution with the creation of technology that converts waste carbon dioxide into high-value chemical products such as surfactants, polymer feedstocks and mall molecules. ViridiCO2 uses a solid catalyst technology that can be retrofitted into existing chemical processes, allowing them to use CO2 in place of petrochemicals. The ViridiCO2 technology activates CO2 – which is otherwise very stable – captured from the chemical manufacturer’s waste flue gas stream. This eliminates CO2 emission to produce circular products which are sold to manufacturers who make consumer products, like washing detergent.
