Carbon removal

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Carbonstop claims to be China’s first company providing tools to help enterprises make low-carbon choices by analyzing and managing their carbon footprint.

Bygen’s energy-efficient process for manufacturing activated carbon helps agribusinesses turn their biomass waste into a valuable industrial commodity.

Philip Kwong is a lecturer and researcher at the University of Adelaide’s School of Chemical Engineering and Advanced Materials. He joined the university in 2009 and focuses on developing low-cost technologies that can facilitate a transition from fossil fuels to renewable energy. One of his ongoing research projects primarily deals with the conversion of agricultural waste into biochar, a form of charcoal that can act as a feedstock for making activated carbon and for sequestering carbon.In 2017, Kwong and two PhD students in his research group, Ben Morton and Lewis Dunnigan, began commercialization of the waste-to-activated carbon technology they had developed. A spin-off company called Bygen was established, with Dunnigan and Morton leading the startup. Kwong is a co-founder and technical advisor of the company.

Logistics “Uber” startup Kargo.co.id makes shipping easy and safe by offering on-demand logistics services to optimize productivity for transport operators.

bp ventures is an investment arm of the energy group BP with an annual venture investment budget between $150m and $200m. The group invests in new energy solutions, with over 30 startups’ investments in its portfolio supporting BP’s core business in oil and gas.bp ventures has increasingly invested over the past years in carbon-management technologies, low-carbon products, and advanced mobility through EV charging companies like the Chinese Shanghai PowerShare Tech and the California-based FreeWire Technologies.

Climate-KIC is an initiative supported by the European Institute of Innovation and Technology (EIT), whose focus is to create and support a community of entrepreneurs and mentors that jointly develop and produce innovative ideas facilitating the transition to a zero-carbon economy. Climate-KIC has launched various initiatives and acceleration programs across Europe targeted at growing startups that are tackling climate change, providing them with structure, assistance, mentoring and seed funding to develop low-carbon products and services. 

Yan graduated from Oxford University in 2009 with an MSc in Computer Science. Before that, he had worked at the IT company YTEC as a software engineer and project manager from 2006–2008. After graduation, he joined Best Foot Forward, one of the earliest global carbon footprint consulting companies as a senior software engineer, and worked there until March 2011 when he left to found Carbonstop.He is an expert reviewer of the UN IPCC Fifth Assessment Report (AR5) and a member of the Carbon Disclosure Project Technical Experts. He used to be a member of the China Youth Delegate for UNFCCC 2012 Doha Climate Change Conference.

Albert Wenger is a managing partner at New York-based  Union Square Ventures. He is also an angel investor with disclosed investments in 25 startups, many in the area of sustainability.  His most recent investments have been in the April 2021 $6.2m seed round of Finnish carbon sequestration startup Carbon Culture and in the $9.5m Series A round of French web browser innovation company Beam. 

The Oil & Natural Gas Corporation, also known as Maharatna ONGC, is the largest crude oil and natural gas company in India, contributing around 75% of India’s domestic production. It has committed to carbon reduction initiatives and has 15 projects that can potentially reduce total emissions equivalent to 2.1m tons of CO2 annually. String Bio is its first tech startup investment, part of the Series A round in 2019.

Founded in 2017, Starlight Ventures is a venture capital firm based in Miami, Florida. Investing mainly in US-based startups, the VC currently has 29 startups in its portfolio including enterprises involved in alternative energy, carbon reduction or replacement and alt-proteins sectors. In 2020, the firm joined investment rounds for US deep-tech aerospace startup InterCosmos in July and the $84m Series A for fusion energy tech Commonwealth Fusion in May.

The first in Asia and third in the world to create alternative protein from methane, offering a cost-effective, circular economy solution, producing high-protein animal feed.

Stylish garments created using materials technology, which can expand across seven sizes and last for years, offering a sustainable alternative to the heavy-polluting fashion industry.

Refurbed will expand Amazon-style refurbished electronics marketplace, with carbon-neutral plan to cut CO2 emissions and plant 1m trees in at-risk biodiversity hotspots worldwide.

Founded in 2015 in Limassol in Cyprus, Caspian Venture Capital Partners has at least six companies in its portfolio. Its last disclosed investment was in 2017 when it participated in sustainable transportation and magnetic levitation firm Hyperloop’s $135m Series B round. Prior to that, in 2015 it invested in US-based Diamond Foundry, the world’s first certified carbon-neutral lab-produced diamond manufacturer.

The only diamond producer to be certified carbon-neutral, this unicorn makes high-carat, high-value lab-grown diamonds at scale that are jewelry-grade, ethical, environmentally sustainable and conflict-free.

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