Denmark’s Again lands $10M seed financing for carbon utilization plant

In Denmark, Danish climate tech startup Again recently announced $10 million in seed financing from leading Silicon Valley investors ACME and GV, as well as Atlantic Labs from Berlin. The company also officially launched its first-of-a-kind carbon utilization plant in Copenhagen, Denmark.

The company harnesses natural, gas-eating bacteria to convert waste carbon dioxide (CO₂) into a range of sustainable chemical products. Again was spun out of the Danish Technical University in 2021 to turn a decade of research into industrial applications, and is now introducing its technology on a global scale.

Launching the carbon utilization plant marks a milestone in Again’s mission to build sustainable industrial value chains using biology.

Again’s new facility captures up to 1 ton of CO₂ per day and converts the greenhouse gas into acetate and acetic acid, important base chemicals for adhesives, solvents, plastics, textiles, and cosmetics with a high emission footprint. Compared to existing production, the company’s novel process prevents up to three tons of emissions per ton of product, enabling the production of carbon negative chemicals. Again achieves this by replacing fossil fuels with CO₂ as feedstock, and avoiding the high process emissions of existing chemical production through biomanufacturing. With the first industrial scale-up now complete, Again is developing larger production sites across Europe and North America.