{"id":112449,"date":"2022-07-13T07:29:00","date_gmt":"2022-07-13T05:29:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=112449"},"modified":"2022-07-09T08:18:05","modified_gmt":"2022-07-09T06:18:05","slug":"twelve-to-deploy-worlds-first-industrial-scale-carbon-transformation-platform","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/twelve-to-deploy-worlds-first-industrial-scale-carbon-transformation-platform\/","title":{"rendered":"Twelve to Deploy World\u2019s First Industrial-Scale Carbon Transformation Platform"},"content":{"rendered":"\n

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O12 Reactor (Photo: Business Wire)<\/figcaption><\/figure><\/div>\n\n\n\n

Twelve, the carbon transformation company, is announcing $130 million in Series B and additional funding to scale the engineering, manufacturing, and deployment of its industrial-scale carbon transformation technology for the creation of a wide range of products with a lower carbon footprint.<\/strong><\/p>\n\n\n\n

Twelve\u2019s carbon transformation technology converts captured CO2<\/sub> into products historically made from fossil fuels. According to research from Columbia\u2019s SIPA Center on Global Energy Policy<\/a>, replacing fossil feedstocks in the production of chemicals, materials, and fuels with renewable carbon from point source or direct air capture could avoid nearly 10 percent<\/a> of global greenhouse gas emissions. Twelve is currently transforming emissions into products for the automotive, household and apparel industries, as well as for government entities and global technology companies, by replacing petrochemicals and fossil-based transportation fuels with CO2Made\u00ae<\/a> materials and carbon-neutral fuels like E-Jet\u24c7<\/sup><\/a>.<\/p>\n\n\n\n

\u201cCompanies and governments no longer need to rely on fossil fuels for the carbon that goes into everything from apparel and cleaning products to electronics and jet fuel,\u201d said Twelve Co-Founder and CEO Nicholas Flanders<\/strong>. \u201cThis fresh funding ensures we can reach industrial scale to help new and existing partners achieve rapid emissions-reduction.\u201d<\/p><\/blockquote>\n\n\n\n

Twelve\u2019s partners include Mercedes-Benz, Procter & Gamble, Shopify, the U.S. National Aeronautics and Space Administration (NASA), and the U.S. Air Force, all of which use Twelve\u2019s breakthrough carbon transformation technology to reduce emissions and create CO2Made products.<\/p>\n\n\n\n

\u201cAs more companies and organizations adopt carbon-neutrality targets, they urgently need technologies like Twelve\u2019s to rapidly green supply chains and corporate travel to reduce emissions at scale,\u201d said Zachary Bogue, Managing Partner, DCVC<\/strong>. \u201cSince leading Twelve\u2019s seed round in 2018, we\u2019ve only become more confident that their technology offers businesses a critical solution for not just offsetting emissions, but eliminating them.\u201d<\/p><\/blockquote>\n\n\n\n

The new funding follows Twelve\u2019s first commercial products, a line of CO2Made sunglasses with sustainable fashion brand PANGAIA, and carbon-neutral sustainable aviation fuel (SAF), E-Jet. Twelve was recently recognized by Fast Company as the world\u2019s #1\u00a0most innovative energy company of 2022<\/a>\u00a0and as a\u00a0BloombergNEF Pioneer<\/a>\u00a0in the Decarbonizing Aviation category.<\/p>\n\n\n\n

\u201cDelivering low-carbon sustainable products consumers desire will require scaling innovative solutions such as Twelve\u2019s carbon transformation technology.\u201d said Todd Cline, Senior Director of Sustainability, for Procter & Gamble Fabric Care<\/strong>. \u201cWe\u2019re glad to see Twelve given the opportunity to expand their opportunity to impact a broad variety of sustainable consumer products enabled by their technology.\u201d<\/p>

\u201cTwelve has the potential to disrupt petrochemical supply chains by creating a wide range of materials from carbon emissions instead of fossil fuels,\u201d said Udo Gayer, Manager of New Business in Production Planning at Mercedes-Benz Cars<\/strong>. \u201cThe potential impact of their technology is immense, and I\u2019m glad to see them receive the funding to continue scaling their technology.\u201d<\/p><\/blockquote>\n\n\n\n

DCVC<\/a> led Twelve\u2019s Series B financing, with participation from Series A lead investors Capricorn Technology Impact Fund<\/a> and Carbon Direct Capital Management<\/a>. Breakout Ventures<\/a>, Munich Re Ventures<\/a>, Elementum Ventures<\/a>, and Microsoft Climate Innovation Fund<\/a> also participated. In addition, Twelve secured a Series B and strategic program investment from the Chan Zuckerberg Initiative<\/a> (CZI).<\/p>\n\n\n\n

\u201cCarbon transformation has the potential to turn CO2<\/sub>\u00a0from a harmful waste stream into useful products for the global economy,\u201d said Jonathan Goldberg, CEO of Carbon Direct<\/strong>. “With the costs of carbon capture, renewables and electrolyzers continuing to fall, Twelve\u2019s technology stands to play a crucial role in decarbonizing some of the hardest-to-abate industries.\u201d<\/p><\/blockquote>\n\n\n\n

To help drive Twelve\u2019s industrial scaleup, the company just announced additions of key industry veterans to its leadership team: Anne Roby, Independent Board Director<\/a> and former Linde executive; David Frank, Chief Productization Officer<\/a> and former Cummins director; and Ram Ramprasad, Chief Commercial Officer<\/a> and former Linde executive.<\/p>\n\n\n\n

Twelve is currently taking pre-orders for CO2Made materials and E-Jet. For more information on process, product and partnerships, and opportunities to join Twelve\u2019s growing team, go to www.twelve.co<\/a>.<\/p>\n\n\n\n

About Twelve<\/strong><\/h3>\n\n\n\n

Twelve is the carbon transformation company, a new kind of chemical company built for the climate era. We make essential products from air, not oil. Our groundbreaking technology eliminates emissions by transforming CO2<\/sub> into critical chemicals, materials and fuels that today are made from fossil fuels. We call it carbon transformation, and it fundamentally changes how we can address climate change, reduce emissions and reverse the carbon imbalance. Reinventing what it means to be a chemical company, we\u2019re on a mission to create a climate positive world and a fossil free future through the power of chemistry.<\/p>\n","protected":false},"excerpt":{"rendered":"

Twelve, the carbon transformation company, is announcing $130 million in Series B and additional funding to scale the engineering, manufacturing, and deployment of its industrial-scale carbon transformation technology for the creation of a wide range of products with a lower carbon footprint. Twelve\u2019s carbon transformation technology converts captured CO2 into products historically made from fossil fuels. […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"DCVC leads a $130 million financing to increase the production of materials made from captured CO2 for customers such as Mercedes-Benz, Procter & Gamble, Shopify, and the U.S. Air Force","footnotes":""},"categories":[5571],"tags":[15075,5838,10744,16792,20619,10743],"supplier":[19229,20620,1824,3827,600,17704,16277,18767,7696],"class_list":["post-112449","post","type-post","status-publish","format-standard","hentry","category-co2-based","tag-aviationfuels","tag-bioeconomy","tag-carboncapture","tag-saf","tag-sunglasses","tag-useco2","supplier-carbon-direct","supplier-dcvc","supplier-mercedes-benz-deutschland","supplier-nasa","supplier-procter-gamble","supplier-shopify-international-e-commerce","supplier-sipa-center-on-global-energy-policy","supplier-twelve-formerly-opus12","supplier-u-s-air-force"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/112449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=112449"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/112449\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=112449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=112449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=112449"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=112449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}