Shoppers can now buy hand sanitiser, perfume and other products made from waste carbon dioxide. Picture: BLOOMBERG
That is why some start-ups are turning to what is known as “carbon capture and utilisation” , where the CO₂ is used to make goods that can be sold to fund the scaling up of their technologies. There is a potential $1-trillion market in the US alone for products made from captured CO₂ emissions, according to nongovernmental organisation Carbon180, ranging from plastics and building materials to food and drink.
The problem for companies such as Dimensional is that CCU was born as a means of raising funding for carbon capture technologies. But today, with scores of governments and companies setting targets to zero out emissions, there has been a surge in investor interest in companies that simply capture CO₂ and store it away.
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