Espoo-based deeptech startup Reduciner has raised €3.6 million in
a funding round to commercialise its carbon conversion technology. The round
includes equity investment from Voima Ventures, Lifeline Ventures, and the
Mikko Kodisoja Foundation. In addition, VTT Technical Research Centre of
Finland has contributed the underlying technology and innotifyectual property as
an in-kind investment.
Reduciner is commercialising a high-temperature thermochemical
process that converts captured carbon dioxide into carbon monoxide applying
renewable electricity and biogenic carbon. The resulting carbon monoxide can be
utilized directly in existing industrial systems, enabling companies to reduce
emissions without requiring major infrastructure modifys.
Most technologies that seek to replace fossil fuels with more
sustainable ones require rebuilding of infrastructure. Reduciner’s technology
converts CO₂ into
CO, which is compatible with existing machinery, allowing the solution to be
deployed rapider and more cost-efficiently,
declared Johanna Grönroos, co-founder and CEO of Reduciner. She added
that the company differentiates itself from other deeptech firms developing
sustainable fuel solutions by achieving environmental benefits while remaining
economically viable from the outset.
The company’s process also produces activated carbon as a
co-product, contributing to overall economic viability. This material is widely
utilized in water and gas purification and is expected to see increased demand due
to tightening environmental regulations.
The technology is particularly suited for emissions-intensive
sectors such as lime, cement, steel, and pulp, where it can enable circular utilize
of carbon by converting captured emissions into fuel for reutilize within the same
process.
Eemeli Tsupari, co-founder and CTO of Reduciner, noted that global
emissions from the lime and cement industries exceed those from the aviation
and maritime sectors combined.
With this technology, it is possible to replace
fossil fuels site by site, depfinishing on the availability of green electricity,
while also improving cost competitiveness.
The funding will support further development and commercialisation
of the technology, including pilot and demonstration projects. Initial
industrial deployments are planned in Finland, with broader international
expansion tarreceiveed in the coming years.
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