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Dioxycle
Converting carbon emissions to useable materials
- 1-20 employees
- B2B
- Sustainability
- Manufacturing
- Environmental
- Saint-Merri, Paris, France
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Company mission
To fight climate change with breakthrough science.
Our take
Ethylene is an important product used in many manufacturing processes, from PVC pipes to clothing to cars. As the world's most highly produced organic compound, it contributes significantly to carbon emissions. Dioxcycle aims to address this problem with a catalytic process that converts carbon trapped during manufacturing into ethylene using water and electricity. Producers that use ethylene in their manufacturing process can use their own carbon emissions as a supply of the chemical, reducing both their carbon emissions and the emissions involved in producing ethylene through traditional methods.
While there is a bright future in technologies that allow manufacturers to produce materials from their carbon emissions, cost is likely to prove a major challenge for Dioxycle. Regardless of green credentials, producers will be looking for value for money in sourcing materials, and high energy costs are a major expense in Dioxycle's process. However, the company has produced several proofs of concept since the company's founding, each more efficient than the last, and recent funding will be used in the construction of an industrial prototype showcasing the company’s efficiency.
Going forward, the company hopes to be able to take advantage of environmental tax credits for sustainable technology, providing a green credit to companies using its processes that offsets the increased energy use. As climate change approaches a tipping point, Dioxycle is likely to play an important role in reducing industrial emissions in the manufacturing process, as well as providing a major source of a widely used manufacturing material.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Unique journey: We are an early-stage company with a world-class team and a flat structure
- Impact: We are building a product that will have a real impact on the environment
- People-first: We are self-improving whilst helping others grow. We are no-ego doers and we are all responsible for shaping the company
- International team: We are an international team made up of over 10 nationalities, and hopefully many more soon!
- Fun: We constantly strive to cultivate a great work atmosphere and organize regular team events
- Generous Employee Stock Ownership plans
- Health Insurance: Medical, dental, and vision coverage
- Retirement Plans: 401(k) (if US based), pension, or other retirement savings plans
- Ergonomic work stations & state-of-the-art equipment
Company values
- Work your a** off - We are working like there is no tomorrow. We’re in a race against climate change so we like to innovate, test, fail (sometimes spectacularly), and improve as fast as possible
- Wild experimentation - We love bold experiments; we believe putting wild ideas to the test is the key to the biggest breakthroughs
- Think big (literally) - Displacing fossil fuels requires us to build carbon dioxide electrolyzers at never-seen-before scales. Our approach is to only scale what is scalable and to leave other ideas behind
- Collaboration and support - We are a team. We support each other both when things go well and when things go wrong
Funding (1 round)
Jul 2023
$17m
SERIES A
Total funding: $17m
Leadership
Sarah Lamaison
(CEO)After receiving a PhD in catlytic technologies for the electro-conversion of CO2 into useful chemicals and fuels, they were a Postdoctoral Researcher at Stanford University.
David Wakerley
(CTO)Holds a PhD in Chemistry from the University of Cambridge. Was previously a Lindemann Trust Fellow at Stanford University and a Postdoctoral Researcher at Collège de France and the University of Cambridge.
Jobs (4)
Marketing
Data
People, HR, Recruitment
Sales & Account Management