ReCarbon completes $25M Series B-1 funding round

In California, ReCarbon, an energy and chemicals company that recycles GHGs into energy and decarbonized products such as hydrogen and syngas, closed $25 million in its Series B-1 funding round and welcomed two partners, POSCO, one of the largest steel companies in the world, and GS Holdings Corporation, a Fortune 500 energy and utility company.

ReCarbon Founder and CEO, Dr. Jay Kim said, “We envision ReCarbon as a foundation for global climate-positive, decarbonization solutions.  We are thrilled to close this funding round and to execute important business cooperation agreements with POSCO and GS Holdings.  We are accelerating our product deployment with our ecosystem partners and the realization of our mission to restore the Earth.”