Climate Tech Startup Again Aims to Convert Bad Emissions into Valuable Products
Imagine a world where the pollution caused by fossil fuel-intensive industries is turned into something useful, like plastics, paints, and soaps. This is the innovative idea behind Copenhagen-based climate tech startup Again, which has just received a significant investment of $43 million from Google Ventures and HV Capital.
What is Again and How Does it Work?
Again’s technology uses carbon dioxide emissions that would otherwise be released into the atmosphere and converts them into valuable products. The company does this by pumping the carbon dioxide into bioreactors, where bacteria convert it into chemicals used to make plastics, paints, and soaps.
The Problem with Petrochemicals
Refining petroleum to extract different chemicals is responsible for 4% of the world’s direct greenhouse gas emissions, which is a significant problem. Again’s technology aims to solve this issue by reducing the need for petrochemicals and their associated emissions.
The Science Behind Again’s Technology
Again’s founders, Max Kufner, Torbjørn Jensen, and Alex Nielsen, developed the technology over 10 years through research projects at the Danish Technical University, Stanford, and MIT. The company’s approach is unique because it doesn’t aim to capture carbon dioxide from the atmosphere and pump it back into the earth, which is a challenging and expensive process. Instead, Again focuses on cleaning up emissions and producing valuable products.
The Benefits of Again’s Technology
Again’s technology has several benefits. It can help reduce greenhouse gas emissions, create valuable products, and provide a sustainable solution to the petrochemical industry’s pollution problem. The company’s goal is to make its technology cheap, robust, and able to operate 24/7 all year round.
The Future of Again
Again has received about $100 million in funding to date, including a $10 million injection from GV, ACME Capital, and Atlantic Labs to set up a production site. The company plans to roll out its first operations by the end of 2025 or early 2026. With its innovative technology and significant funding, Again is well-positioned to make a significant impact in the climate tech industry.
Conclusion
Again’s technology is an exciting development in the fight against climate change. By converting bad emissions into valuable products, the company is providing a sustainable solution to the petrochemical industry’s pollution problem. With its significant funding and innovative approach, Again is well-positioned to make a significant impact in the climate tech industry.
FAQs
Q: What is Again’s technology?
A: Again’s technology uses carbon dioxide emissions to produce valuable products, such as plastics, paints, and soaps.
Q: How does Again’s technology work?
A: Again’s technology pumps carbon dioxide into bioreactors, where bacteria convert it into chemicals used to make plastics, paints, and soaps.
Q: What are the benefits of Again’s technology?
A: Again’s technology can help reduce greenhouse gas emissions, create valuable products, and provide a sustainable solution to the petrochemical industry’s pollution problem.
Q: How much funding has Again received?
A: Again has received about $100 million in funding to date, including a $10 million injection from GV, ACME Capital, and Atlantic Labs to set up a production site.
Q: When will Again’s first operations start?
A: Again plans to roll out its first operations by the end of 2025 or early 2026.
Q: Who are the founders of Again?
A: The founders of Again are Max Kufner, Torbjørn Jensen, and Alex Nielsen, who developed the technology over 10 years through research projects at the Danish Technical University, Stanford, and MIT.
Author: fortune.com
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