Sopoong Ventures, an impact investment company in South Korea, has announced its investment in Capture 6, a Silicon Valley-based climate tech startup specializing in carbon direct air capture technology. The investment aims to promote carbon capture as a key climate technology to achieve carbon neutrality in Korea and globally.
Capture 6 has developed a cost-effective technology to capture carbon dioxide by connecting the direct carbon air capture process to seawater desalination or water treatment facilities. The technology captures carbon dioxide from the atmosphere and provides clean water resources for commercial and agricultural use or drinking water.
The integration of the carbon capture system into existing industrial facilities such as seawater desalination, has reduced the cost of capture from $250 to $600 per ton to less than $200 per ton. This technology is expected to play a significant role in achieving Korea’s goal of reducing its greenhouse gas emissions by 24.4% by 2030.
According to Han Sang-yeop, CEO of Sopoong Ventures, the captured carbon can produce various carbon-negative products. He also emphasized that carbon capture technology is one of the top five climate technologies in Korea and can contribute to responding to climate change.
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