Seed funding for CO2BioClean

BMH, EIC Fund and Ghazan Commodities invest in fermentation process for convertingCO2 into biopolymers
BMH Beteiligungs-Managementgesellschaft Hessen mbH, EIC Fund and Ghazan Commodities GmbH have invested in CO2BioClean GmbH. The start-up is developing a process for processing carbon dioxide into biodegradable plastic and aims to combat plastic pollution and the increase in greenhouse emissions. The fresh capital will be used to build a pilot plant to scale up the patented process.
We are delighted to support the team in contributing to a more sustainable economy with its development.
Helge Haase, Investment Director of BMH
CO2BioClean GmbH was founded in 2019 by Dr. Fabiana Fantinel and Dr. Alessandro Carfagnini and is developing a process for the production of biodegradable plastic. The company uses non-pathogenic bacteria to convert CO2 into biopolymer in a fermentation process. The CO2 emissions from the company's customers are captured before they are released into the atmosphere. The process takes place in the customers' plants and one kg of biopolymer is produced from 1.5 kg of CO2. The biopolymers obtained can be completely biodegraded within a year.
Both the reduction ofCO2 emissions and the resulting cost savings in industrial companies, as well as the possibility of improving their supply situation with the applied technology for conversion into biopolymers, can be classified as groundbreaking
Dominik Talebi, LL.M., Vice Chairman & CIO of Ghazan Global
The start-up from Eschborn offers a process for the production of CO2-based biopolymers. It has already concluded cooperation agreements with industrial partners such as Nippon Gases and Procter & Gamble. The EU Commission awarded the company the "Seal of Excellence" in 2020 and in 2021 CO2BioClean received a grant of 2.26 million euros from the European Innovation Council (EIC). The company is now planning to scale up its technology from a 10-liter prototype to a 350-liter pilot plant. The amount of the current seed round is not known at the time of publication.

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