Direct air capture firm ZeoDAC has launched with backing from venture capital and strategic investors, according to a news release.
The company is founded by industry veterans and technical pioneers Professor Christopher W. Jones, an international expert in direct air capture of carbon dioxide technologies from Georgia Tech, and Mark E. Davis, a chemical engineering Professor from Caltech, who has brought multiple academic innovations to commercial success, including zeolite-based processes.
ZeoDAC, Inc. launches with an international group of investment partners that include: Wilson Hill Ventures, Caltech, Coca-Cola Europacific Partners, Freeflow Ventures and Global Brain.
“ZeoDAC’s CO2 capture process leverages chemically and mechanically robust solid sorbents with established supply chains deployed in an energy efficient temperature-vacuum swing adsorption cycle, leading to a simple yet economically advantaged process,” said Christopher Jones.
By combining these innovations and expertise, ZeoDAC aims to provide a compelling economic advantage for large-scale, commercial carbon capture and use. The company has raised several million dollars from institutional venture capital and strategic investors led by Wilson Hill Ventures.
“ZeoDAC can deliver compelling Net Present Value (NPV) to industrial partners on an international scale, enabling a multibillion-dollar market with positive impacts for the climate,” said Ajay Kshatriya from Wilson Hill Ventures.
ZeoDAC not only captures carbon dioxide but also water, allowing for the production of several valuable end-products that can drive an economic return while delivering an environmental benefit.
“We are excited to embark on this journey with ZeoDAC. We believe that Direct Air Capture offers the potential for us to source sustainable ingredients and materials while reducing our environmental footprint. After extensively reviewing the market, we are confident that ZeoDAC’s novel approach provides the affordability, scalability, and energy efficiency needed to become a major player in the DAC industry,” said Nicola Tongue, Associate Director, Coca-Cola Europacific Partners.
