Dioxycle is a carbon transformation startup that is working on a new process to produce ethylene at scale using recycled carbon emissions. Ethylene is used in packaging, clothing, PVC-based sewage pipes, car interiors and more. And the company recently raised a $17 million funding round co-led by Breakthrough Energy Ventures and Lowercarbon Capital, with Gigascale Capital also participating.
Dioxycle’s main product is a proprietary electrolyzer that uses water, CO2 and electricity as input. In addition to ethylene, the electrolyzer also rejects oxygen. Originally based in France, the startup wants to work with both French and American clients.
“CO2 is very low in energy – it’s a combustion waste, there’s no energy left in CO2. So we have to provide a source of energy to make this conversion. And we’re using electricity at the connectors of this electrolyzer to enable this conversion of CO2
