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Greenhouse Gases

Lydian raises $15 million for carbon dioxide–to-fuels work

by Craig Bettenhausen
September 16, 2023 | A version of this story appeared in Volume 101, Issue 31

The carbon dioxide-to-chemicals firm Lydian Labs has raised $15 million in a seed funding round led by Congruent Ventures and Galvanize Climate Solutions. Lydian says it will put the money toward a pilot plant that uses its technology to produce 19,000 L of jet fuel per year from hydrogen and captured CO2. When running on electrolytically produced hydrogen, the system will be about 40% more efficient than direct electrochemical reduction of CO2, the firm says. Lydian is also developing similar routes to industrial chemicals and polymers.

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