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Neel T

Dioxycle announced its Series A funding round of $17 million. Photo by Matthias Heyde on Unsplash.

Dioxycle announces Series A funding round of $17 million to transform CO2 emissions into sustainable chemicals

Neel T04 mins

Dioxycle announced its Series A funding round of $17 million, co-led by Lowercarbon Capital and Breakthrough Energy Ventures Europe (BEV-E). Gigascale Capital participated in the funding. The company is a French-American start-up. It transforms CO2 emissions into high-value and sustainable chemicals.  Dioxycle claims to develop a tech that produces sustainable ethylene from recycled carbon emissions….

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Advanced Ionics has closed a Series A funding round at $12.5 million. Photo by Jason Leung on Unsplash.

Advanced Ionics closes Series A, led by bp Ventures, at $12.5 million to develop a water vapor electrolyzer technology

Neel T04 mins

Advanced Ionics has closed a Series A funding round at $12.5 million. This round was led by bp ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate. The company plans to avail the funds to grow and accelerate the first deployment of its Symbion™ water vapor electrolyzer technology. It is…

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AXA XL launched Excess Emissions Insurance product for marine clients. Photo by Kinsey W on Unsplash.

AXA XL launches excess emissions insurance product for marine clients

Neel T03 mins

AXA XL, a UK-based insurance and risk management company, launched an excess emissions insurance product for marine clients. The product will help clients manage their environmental footprint to reinforce action on carbon emissions. AXA XL’s in-house carbon team, in partnership with ClimateSeed, has designed the excess emissions insurance product. ClimateSeed provides carbon removal and avoidance…

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Octopus Energy’s generation arm announces to invest $20bn (£15bn) into offshore wind by 2030. Photo by Jason Blackeye on Unsplash.

Octopus Energy’s arm to invest $20 billion in offshore wind by 2030

Neel T02 mins

Octopus Energy’s generation arm has announced plans to invest $20 billion (£15 billion) into offshore wind by 2030. The investment is expected to generate 12 GW of renewable electricity capacity. The company is an energy and technology group engaged in offering green energy systems. It invests in, builds, and manages renewable energy. Globally, Octopus Energy’s…

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AXA IM Alts announces $49 million to invest into Mombak reforestation projects. Photo by Daniel Dan on Unsplash.

AXA IM Alts to invest $49 million in reforestation projects

Neel T04 mins

AXA IM Alts, an alternative investments company, has announced a $49 million commitment to invest in Mombak reforestation projects. Mombak is a native species carbon removal start-up. The company invested in the Mombak reforestation projects under the natural capital and impact investing strategy. This investment will support the restoration of the Amazon rainforest on pastures…

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Multiply Group has acquired a minority interest in the Breakwater Energy for AED367 million ($100 million). Photo by Gabrielle Henderson on Unsplash.

Multiply Group has acquired a minority interest in Breakwater Energy for AED367 million ($100 million)

Neel T04 mins

An investment holding company based in Abu Dhabi, the Multiply Group, has acquired a minority interest in Breakwater Energy for AED367 million ($100 million). This investment took place through the Group’s sector-agnostic arm, Multiply+. Due to this acquisition, the Group will partially own a highly profitable and cash-generative, diversified global upstream portfolio with significant gas…

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Aramco, TotalEnergies and SABIC have worked to convert oil from plastic waste into ISCC+ certified circular polymers. Photo by Antoine GIRET on Unsplash.

Aramco, TotalEnergies, and SABIC process oil from plastic waste into certified circular polymers

Neel T04 mins

The companies Aramco, TotalEnergies, and SABIC have worked to convert oil from plastic waste into ISCC+ certified circular polymers. The plastic pyrolysis oil, aka plastic waste-derived oil (PDO), was processed at the SATORP. Afterward, PETROKEMYA, a SABIC affiliate, used it as feedstock to create certified circular polymers.  Since plastic is a hard to recycle quickly,…

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Isometric, a carbon removal registry and science platform based in U.K., has announced seed funding of $25 million. Photo by Avinash Kumar on Unsplash.

Isometric raises $25 million in seed funding round to develop scientific platform and registry

Neel T04 mins

Isometric, a carbon removal registry and science platform based in the U.K., has announced seed funding of $25 million. This funding round was led by – Lowercarbon Capital and Plural.  The round was also participated by Lowercarbon Capital and Plural with angel investors Niklas Zennström (founder of Skype), David Helgason (founder of Unity Technologies), Ross…

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Avnos is a Los Angles based direct air capture company, developing a Hybrid Direct Air Capture (HDAC) technology to remove carbon. Photo by Allan Nygren on Unsplash.

Avnos secures $80 million funding in a strategic partnership to create Hybrid Direct Air Capture (HDAC) technology for reversing climate change

Neel T03 mins

Avnos is a Los Angles-based direct air capture company, developing a Hybrid Direct Air Capture (HDAC) technology to remove carbon. It has announced to sign a multi-year strategic and investment partnership with more than $80 million in total with its partners. The partners are ConocoPhillips, JetBlue Ventures, corporate venture capital division of JetBlue, and Shell…

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