Dutch startup SeaO₂, specialising in innovative carbon (CO₂) removal technology from seawater, has received over €2 million in new investments.
Utilising its breakthrough Direct Ocean Capture (DOC) technology, which efficiently extracts CO₂ from seawater, SeaO₂ aims to mitigate climate change by returning carbon-free water to the ocean, enhancing its ability to absorb CO₂ from the atmosphere.
This funding will accelerate the development of its pioneering technology and support the goal of removing one megaton of CO₂ by 2030 and a gigaton by 2045.
The recent investment round attracted support from prominent investors, including DOEN Participaties, NEW-TTT fund, Future Tech Ventures, CarbonFix, angel investors Eduard Talman and Siddharth Kambe and others.
This funding will facilitate the transition from prototype to pilot plant, enhance team capabilities, and implement a comprehensive Monitoring, Reporting, and Verification system. The pilot plant is expected to have an annual capacity of 250 tons of CO2 and is scheduled for launch in the summer of 2025.
Ruben Brands, CEO and co-founder of SeaO₂, said: “This investment recognizes our team’s hard work and dedication. With this extra support, which so far included grants, subsidies, our own investments, and early customers, we can scale our operations and accelerate our impact on climate change even more rapidly.
“It is a crucial step towards our goal of removing a megaton of CO₂ by 2030 and a gigaton by 2045, advancing our mission in the fight against climate change.”
SeaO₂ secures funding to extract 1 gigaton of CO₂ out of the sea by 2045
