As per ESG Today, 2021-founded Dioxycle is currently working on a technology that uses a low-temperature electrolyzer to generate sustainable ethylene from recycled carbon emissions, water and green power.

Ethylene is one of the most common chemicals in the world, as it is being used in many industries, such as textiles, plastics and construction. Generally speaking, ethylene is being produced with the help of fossil fuels and thus, it has a high-carbon output.

Officials at Dioxycle claim that the French-American company's solution produces the most affordable ethylene to date and also offers the cheapest chemical production process. This while also being able to reduce the annual output of carbon emissions by an estimated 800 million tons, or 2% of the world's total emissions in a year.

Sarah Lamaison, co-founder and CEO of Dioxycle, said that "to reach our climate goals, we must disrupt the processes of incumbents instead of re-building the industry from the ground up. Leveraging existing industrial assets will allow us to scale sustainable technologies at the required speed."

Part of the obtained funds will be used to conduct the first on-site demonstrations, as well as to build an industrial prototype, which could lead to commercialization five years from now.

David Wakerley, co-founder and CTO of Dioxycle, added that "given how much our society runs on carbon, CO2 emissions could be considered an incredible resource, but only with a highly efficient CO2-conversion technology to take advantage of them. Now, we are ready to build an electrolyzer with the carbon-converting capabilities of about 20,000 trees, focused on the production of sustainable ethylene."

Photo source: Dioxycle