Summary:
Danish startup Again raised $43 million to scale its technology.
Again uses ancient bacteria to convert waste COâ‚‚ into valuable chemicals.
Their bioreactors can reduce greenhouse gas emissions by up to 80%.
Again aims to decarbonize the petrochemical industry, responsible for 4% of global GHG emissions.
The company's technology is cost-competitive with traditional methods.
Again is expanding across Europe, bringing their sustainable solution to new markets.
Ancient Bacteria Power a Green Revolution
Danish startup Again has secured $43 million in funding led by Google Ventures and HV Capital, bringing its total funding to nearly $100 million. Their innovative approach? Using ancient bacteria to ferment waste COâ‚‚ into valuable chemicals.
Again transforms waste COâ‚‚ from industrial sources into commercially viable products like acetate, a key ingredient in plastics, cosmetics, and paint. The company boasts an 80% reduction in greenhouse gas emissions compared to traditional chemical production methods.
Again's technology is the culmination of over a decade of research from leading scientists at Danish Technical University, Stanford, and MIT. Their bioreactors are already operational in Denmark, converting one tonne of COâ‚‚ into acetate daily. With their latest funding, Again is expanding to Europe, aiming to decarbonize the supply chain and contribute significantly to a more sustainable future.
The petrochemical industry, responsible for 4% of global GHG emissions, stands to benefit greatly from Again's innovative solution. The company's commitment to cost-competitiveness with traditional fossil fuel-based methods makes their technology even more compelling.
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