Dioxycle's electrolyzer. Photo: Courtesy of Dioxycle
Dioxycle, a startup that turns carbon dioxide into chemicals, has raised a $17 million Series A round led by Breakthrough Energy Ventures Europe and Lowercarbon Capital.
Why it matters: Chemical giants will need to tap into new technologies to transition parts of their supply chains away from fossil fuels, as the companies seek to meet regulations and net-zero goals.