ESG Today writes that Israel-based CarbonBlue was founded back in 2022 and it developed a technology that allows all water infrastructure to be converted into Carbon Dioxide Removal (CDR) facilities. But how? Well, apparently, water already absorbs carbon emissions from the atmosphere and CarbonBlue found a way to essentially "clean" the water, so that it can absorb more emissions, then clean it again and so on.

The team pumps carbon-rich water in a reactor, which extracts the carbon dioxide, turning it into solid limestone. Afterwards, it uses another reactor, which can remove the carbon emission from that limestone itself, using heat. The captured emissions are then stored to be used as sustainable feedstock for the chemical industry or permanently integrated into geological formations.

The low-carbon water is then returned to the source, where it can capture CO2 once more.

Already building a facility in Israel, CarbonBlue now has an eye on Europe, North and South America for future carbon-removal projects.

Dr. Dan Deviri, CarbonBlue Co-founder and CEO said that the funding "will allow us to expand our collaborations with major players in the climate, energy, and water sectors, and help us solidify and mature our technology and its applications."

Ibex Investors and FreshFund led the funding round, which saw participation from the likes of Engie New Ventures and ZIM Ventures.