![]() The plot will be used for the establishment of a Graphite Anode Materials Plant. We are pleased to announce that an extension has been granted of the advance reservation for Plot 1, Block 3017 in the GigaVaasa area for Grafintec until 31 January 2024, with the option to extend further. #carboncapture #energytransition #decarbonization #climatechange #venturecapitalĬharm Industrial Raises $100M in Series B Financing What are your thoughts on carbon capture and storage? Do you know of other innovative companies making strides in this space? Let's chat! □ We're keeping our eyes on Charm, and so should you! □ With more than 6,200 tons of carbon already removed and new deals to take an additional 140,000 tons of atmospheric CO2 out of the equation, Charm Industrial is showing what the future of carbon removal can look like. ![]() In 2023 alone, Charm has ramped up its carbon removal efforts by 5X, and we're just halfway through the year. □□□ It's about actively pulling existing carbon from the atmosphere. Why? Because achieving net-zero isn't just about slashing emissions. This liquid is then pumped deep underground, permanently removing CO₂ from the atmosphere, safely tucked away from wildfires, soil erosion, and land use changes. □□ The funds will be directed towards expanding engineering and bio-oil R&D efforts, scaling operations with pyrolyzers, and enhancing transportation capacity.Ĭharm's technology uses plants to capture CO₂ from the atmosphere, converting biomass into a stable, carbon-rich liquid. This round was championed by General Catalyst, with Lowercarbon Capital, Exor Ventures, Kinnevik, and Thrive Capital also joining the cause. THIS JUST IN: Charm Industrial, a San Francisco-based #carbonremoval tech company, has just secured $100M in Series B funding! □□□ The support of the Government of Alberta, through ERA, is instrumental to Thread as it transitions from demonstration to pre-commercialization scale-up." Theo Zunich, Executive Vice President, Thread Innovations "Thread's propietary process technology sequesters carbon from bitumen-based combustion supply-chains to produce high-strength, lightweight carbon fibre. "Thread's vision is to advance sustainable human evolution of structure and design by unlocking the productive efficiency of carbon fibre for use in next-generation, high-efficiency, carbon fibre products." Tony Loria, Chairman ERA's $3 million investment will be essential as the project transitions from demonstration to pre-commercialization scale-up. Regarded as a strategic material in next-generation structure and design, carbon fibre is up to 10x stronger than steel and up to 5x stiffer than aluminium while also offering several thermal, conductivity, and durability advantages. Thread Innovations technology produces carbon fibre from Alberta oil sands bitumen-based feedstocks. PROJECT SPOTLIGHT: Thread Innovations Inc.
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