Greentech startup ReCarbon closes $7M to capture and recycle carbon emissions and turn greenhouse gases into hydrogen
Nickie Louise
Posted On December 4, 2019
Imagine if you could create the Hydrogen Economy out of waste greenhouse gas emissions. That’s exactly what ReCarbon, a Silicon Valley greentech startup, is doing. ReCarbon is turning greenhouse gases into hydrogen, and syngas.
Yesterday, ReCarbon announced it has secured $7 million Series A funding to commercialize its technology and transform carbon dioxide and methane emissions into renewable syngas and hydrogen products in all key markets. The round was led by Doosan Mecatec Co., Ltd., a wholly owned subsidiary of the Doosan Group, headquartered in Seoul, South Korea.
Founded in 2011, ReCarbon provides an innovative technology platform that recycles carbon emissions into revenue generating byproducts. The startup has built a proprietary plasma generation systems that convert industrial carbon emissions into industrial source gases. Its goal is to provide technologies that reduce carbon emissions, recycle emissions into valuable byproducts, and enable revenue growth.
ReCarbon President and CEO, Dr. Jay Kim said, “We are so pleased to have a shareholder with such technical expertise and global reach. ReCarbon can now continue with confidence in rapidly commercializing our technology and seeing carbon dioxide and methane emissions being transformed into renewable syngas and hydrogen products in all key markets.”
“As a leading player in the global market, we see our investment in ReCarbon, as continuing our focus in leveraging state-of-the-art technologies toward a new energy future, such as the global hydrogen economy,” said Dr. Ho Seon Shin, CEO of Doosan Mecatec.
In 2019 alone, ReCarbon piloted a plant in Daegu, South Korea capable of producing fuel cell grade hydrogen from landfill gas (LFG). The company also opened a commercial plant in development in Tennessee, USA, with its exclusive national LFG to renewable hydrogen distributor, H2Renewables. The company also has other ongoing development projects in Canada and Australia.
