Summary:
Danish startup Again raised $43 million to scale its technology.
Again uses ancient bacteria to convert waste CO₂ into valuable chemicals.
Their bioreactors can reduce greenhouse gas emissions by up to 80%.
Again aims to decarbonize the petrochemical industry, responsible for 4% of global GHG emissions.
The company's technology is cost-competitive with traditional methods.
Again is expanding across Europe, bringing their sustainable solution to new markets.
Ancient Bacteria Power a Green Revolution
Danish startup Again has secured $43 million in funding led by Google Ventures and HV Capital, bringing its total funding to nearly $100 million. Their innovative approach? Using ancient bacteria to ferment waste CO₂ into valuable chemicals.
Again transforms waste CO₂ from industrial sources into commercially viable products like acetate, a key ingredient in plastics, cosmetics, and paint. The company boasts an 80% reduction in greenhouse gas emissions compared to traditional chemical production methods.
Again's technology is the culmination of over a decade of research from leading scientists at Danish Technical University, Stanford, and MIT. Their bioreactors are already operational in Denmark, converting one tonne of CO₂ into acetate daily. With their latest funding, Again is expanding to Europe, aiming to decarbonize the supply chain and contribute significantly to a more sustainable future.
The petrochemical industry, responsible for 4% of global GHG emissions, stands to benefit greatly from Again's innovative solution. The company's commitment to cost-competitiveness with traditional fossil fuel-based methods makes their technology even more compelling.
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