Dutch startup SeaO₂, a developer of carbon (CO₂) removal technology from seawater, reports that it has received more than €2 million in new investment, which will be used to accelerate the development of its technology and support the goal of removing one megaton of CO₂ by 2030 and a gigaton by 2045.
The company’s Direct Ocean Capture (DOC) system extracts CO₂ from seawater, with the aim of mitigating climate change by returning carbon-free water to the ocean, enhancing its ability to absorb CO₂ from the atmosphere.
The investment round attracted support from investors including DOEN Participaties, NEW-TTT fund, Future Tech Ventures, CarbonFix, angel investors Eduard Talman and Siddharth Kambe and others.
The funding will facilitate the company’s transition from prototype to pilot plant, and to implement a Monitoring, Reporting, and Verification system. The pilot plant is expected to have an annual capacity of 250 tons of CO2 and is scheduled for launch in the summer of 2025.
“With this extra support, which so far included grants, subsidies, our own investments, and early customers, we can scale our operations and accelerate our impact on climate change even more rapidly,” said Ruben Brands, CEO and co-founder of SeaO₂.
“It is a crucial step towards our goal of removing a megaton of CO₂ by 2030 and a gigaton by 2045, advancing our mission in the fight against climate change.”
