Carbon Removal Startup Paebbl Bags $25M to turn CO2 into Building Materials
A Dutch Nordic carbon capture startup has secured funding to enhance its technology that transforms CO2 emissions into sustainable building materials.
What's happening:
- Paebbl is working towards carbon mineralization by capturing CO2 from industrial emissions and turning it into valuable building materials.
- The startup has raised $25 million in a funding round led by Berlin-based venture capital firm, Capnamic. Participants included Amazon and German cement industry leaders Holcim and Goldbeck.
The big idea:
- Paebbl's core technology focuses on carbon capture, utilization, and storage (CCUS), which fastens the natural process of carbon mineralization. By converting captured CO2 into solid carbonate materials, the startup aims to create a circular economy where carbon emissions are repurposed instead of being released into the atmosphere.
- Paebbl’s approach addresses the urgent need for carbon reduction and offers a sustainable solution to the construction industry.
Why it matters:
- Paebbl's funding highlights the increasing role carbon removal technologies will play in addressing the climate crisis. With rising global temperatures, there's a need for solutions that can capture and store carbon dioxide effectively.
- Paebbl's technology could offer a scalable, cost-effective solution to reduce greenhouse gas emissions and promote a sustainable future.
By numbers:
- Paebbl raised $25 million in its latest funding round.
- The startup’s new facilities will increase its production capacity tenfold to 3 tons of rock powder per day.
- Paebbl aims to bring 1 million tons of its carbon-based building materials to the market by 2030.
What next:
- Paebbl is now focused on scaling up its operations, with plans to open its first commercial-scale plant by 2027.
- The company will strategically place these facilities in regions with high demand for building materials, access to CO2 feedstock, and renewable energy sources.
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