Carbyon

Overview
News
Carbon Capture, Utilization & Storage (CCUS)?
Product stageSegments
Minimum Viable Product
?
Direct Air Capture (DAC)
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Netherlands-based Carbyon develops direct air capture (DAC) technologies. It was spun out in 2019 from TNO, a Dutch research institute. The company targets capturing CO2 at a cost of EUR 50 per ton (around USD 60 per ton). The company’s research and innovation center is located at the High Tech Campus in Eindhoven.

In November 2023 , Carbyon demonstrated the effectiveness of its fast-swing carbon capture process by consuming less than 2,500 kWh per ton and diminishing the water uptake during the process. This technology utilizes a special carbon capture material that absorbs CO2 within minutes, compared to typical materials that require hours to achieve the same outcome. A kilogram of its material claims to capture ~five tons of CO2 annually. Thereby, Carbyon claims its compact DAC machine captures a CO2 ton at USD 50.

Key customers and partnerships

Carbyon has collaborated with nearly ten partners including universities, research institutes, and corporations. In August 2020, Carbyon joined forces with the Eindhoven University of Technology and the Dutch research institute Differ to expand its technology. In February 2024, the company joined forces with a similar DAC developer, Deep Sky to install and test its two Air Processing Units (APUs), each capable of removing up to 50 tons of CO2 per annum.

Funding and financials

In April 2022, Carbyon raised USD 2 million in seed financing led by Innovation Industries.

HQ location:
Eindhoven NLD
Founded year:
2019
Employees:
11-50
IPO status:
Private
Total funding:
USD 19.9 mn
Last Funding:
USD 16.9 mn (Series A; Sep 2024)
Last valuation:
-
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