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Parallel Carbon secures US$3.6M in seed funding led by Aramco Ventures to advance its direct carbon-capture and clean hydrogen production process; company also transitions to a US-based operation to benefit from the Inflation Reduction Act
Published: January 09, 2024 by Parallel Carbon
Parallel Carbon, funded by Bill Gates and Aramco Ventures, plans to produce affordable green hydrogen and capture CO2 from air by 2025; start-up targets a cost of $1 per kilogram of hydrogen, $400 per tonne of CO2 captured by late 2020s
Published: January 09, 2024 by Industry Intelligence Inc.

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