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OCOchem

OCOchem is a developer of a scaled carbon conversion technology
2017
Nov-50
11-50
Washington, United States

www.ocochem.com

ChemicalIndustrial ManufacturingRenewable
  • Chemical
  • Industrial Manufacturing
  • Renewable
Innovation
Investment Funding
People
About
Products
Future Plan
M&A and Collabs
News

Innovation

Industry Problem

Chemical production relies on fossil carbon even though captured CO2 could serve as a feedstock for acids, fuels, and biomanufacturing.

R&D Focus

Electrochemical CO2 conversion, formic acid and formates, electrolyzer scale-up, and biochemical feedstocks.

Innovative Solution

An electrochemical process combines CO2 and water to make formic acid or formate products using renewable electricity.

Investment Funding

Last Funding Stage

Seed

Total Funding Amount

$7.5M

Last Funding Amount

$5M

Last Funding Date

11/15/2023

Startup Stage

Early Stage

Lead Investors

Halliburton, Inpex (Energy Exploration), LCY Chemical, MIH Capital Management, TO VC (New York)

People

Founders

  • Todd Brix
  • Terry Brix

CEO

  • Todd Brix

About

OCOchem is a developer of a scaled carbon conversion technology

Products

Product

OCOchem carbon-conversion electrolyzer and CO2-derived formic products.

Star Product

CO2-to-formic-acid platform – provides a versatile liquid carbon feedstock for chemicals and fermentation.

Demo Product or Complete Product?

Demonstration-facility and commercial scale-up stage.

Future Plan

Investment Funding

Raised $5 million in seed funding led by TO VC.

M&A and Collabs

Collab

ADM – construction of a CO2-conversion demonstration facility.

Collab

b.fab – use of CO2-derived formate to scale biochemical production.

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