Recently, Dotz-Nano, a nanotechnology company, secured a 12 million Australian dollar agreement with an American capital fund for the development of carbon dioxide capture technology. The company completed its fundraising round with Mercer, Street Global Opportunity Fund and Israeli venture capital fund SIBF.
Dotz-Nano’s advanced carbon adsorption technology is unique in that it utilizes plastic waste to produce a solid filter. This filter captures carbon dioxide emitted from industrial chimneys and prevents it from reaching the atmosphere. The technology has distinct advantages over competing technologies, including savings in operating costs, environmental benefits, and high selectivity in CO2 capture.
The CEO of Dotz-Nano, Sharon Malka, expressed gratitude for the support from Mercer and thanked them for providing the financial resources needed to accelerate the development of DotzEarth carbon capture technology. This investment will allow the company to continue its efforts in developing and implementing carbon capture technology.