The Oil and Gas Climate Initiative has injected another round of funding into Econic Technologies, which is developing technology to convert captured carbon dioxide into polymers used in household products like mattresses, textiles and cleaners.
Why it matters: The investment "is part of a first round of a multimillion capital raise for Econic," OGCI tells Axios. If successful, Econic's technology would add to the growing number of companies providing a market for waste CO2.
