Belgian-based decarbonisation firm D-CRBN has closed its €17.5m series A investment round.
The funding was led by private global holding company Astaia with participation from the Federal Holding and Investment Company and European Innovation Council fund.
D-CRBN is developing electrified plasma technology to recycle carbon dioxide and hydrocarbons into circular carbon molecules, and the funding will accelerate industrial scale up and first commercial deployments of its CO2-to-CO and syngas platform.
©D-CRBN
Its technology has already been validated at industrial pilot scale. Projects include on-site CO production with ArcelorMittal and syngas production with Aquafin & Eastman.
Other partners include Mitsubishi Heavy Industries and Nippon Gases, which is supplying a pure CO2 stream via oxy-fuel technology.
D-CRBN claims its process is up to five times more efficient than the reverse water-gas shift reaction, which is the conventional method for generating CO alongside hydrogen in steam methane reforming.
The CO can be used as a building block for chemicals and industrial products such as methanol, paints, textiles, and adhesives.
Speaking to gasworld , Gill Scheltjens, CEO and Co-founder, said it is also positioning the technology as a profitable alternative to carbon capture and storage.
“CCS is still treating CO2 as waste … there is no added value. With D-CRBN, we offer an alternative route,” he said.
