Kriti PatelTLDR:
- D-CRBN, a Belgian carbon dioxide (CO2) recycling company, has been granted €2.5m from Horizon Europe’s EIC Accelerator Program.
- The company’s innovative CO2 recycling solution falls under the carbon capture, utilisation, and storage (CCUS) technologies.
D-CRBN, a Belgian carbon dioxide (CO2) recycling company, has been awarded a €2.5m grant from Horizon Europe’s EIC Accelerator Program. The grant is given to start-ups and small- and medium-sized enterprises (SMEs) with innovative products or services. D-CRBN’s CO2 recycling solution, which uses plasma-based technology to transform carbon emissions into sustainable feedstock, was recognized for its disruptive potential in carbon capture, utilisation, and storage (CCUS) technologies.
Out of over one thousand applications, only 4% passed the EIC Accelerator cut-off, with 42 companies securing €285m in funding. D-CRBN aims to use the grant funds to expand its operations, foster collaborations, and scale its solutions to drive widespread adoption across industries. The company’s approach not only mitigates the environmental impact of carbon emissions but also replaces feedstock coming from fossil fuels, contributing to a more sustainable and circular economy.
The demand for CO2 recycling technologies is increasing, with new ways of using CO2, such as producing synthetic fuels or building materials, emerging. Global private funding for CO2 use start-ups has reached nearly $1 billion over the last decade. Governments and agencies are supporting innovation related to CO2 conversion technologies, highlighting opportunities to commercialize CO2 use technologies over the next decade.
Overall, D-CRBN’s grant award is a significant achievement that positions the company at the forefront of CO2 recycling technology innovation, contributing to the reduction of greenhouse gas emissions and the transition towards a more sustainable economy.
