{"id":136695,"date":"2024-01-08T07:28:00","date_gmt":"2024-01-08T06:28:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=136695"},"modified":"2023-12-22T14:24:02","modified_gmt":"2023-12-22T13:24:02","slug":"danish-climate-tech-startup-again-launches-groundbreaking-production-site-for-co%e2%82%82-based-chemicals-and-announces-10-million-seed-round","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/danish-climate-tech-startup-again-launches-groundbreaking-production-site-for-co%e2%82%82-based-chemicals-and-announces-10-million-seed-round\/","title":{"rendered":"Danish Climate Tech Startup Again Launches Groundbreaking Production Site for CO\u2082-Based Chemicals and Announces $10 million Seed Round\u00a0"},"content":{"rendered":"\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Again\u2019s first-of-a-kind (FOAK) biomanufacturing site turns up to 1 ton of CO2 per day into chemicals using natural, gas-eating bacteria<\/strong><\/li>\n\n\n\n<li><strong>$10 million seed financing from ACME, GV (Google Ventures), and Atlantic Labs complements a \u20ac43 million EU grant to scale up Again\u2019s process\u00a0<\/strong><\/li>\n\n\n\n<li><strong>Industrial value chains targeted by Again account for about one quarter of the world\u2019s energy system CO\u2082 emissions, according to International Energy Agency data<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Danish climate tech startup Again today announces $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.<\/strong><\/p>\n\n\n\n<p>The company harnesses natural, gas-eating bacteria to convert waste carbon dioxide (CO\u2082) 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.<\/p>\n\n\n\n<p>Launching the carbon utilization plant marks a milestone in Again\u2019s mission to build sustainable industrial value chains using biology. Among energy intensive industries, the chemical industry is one of the most challenging to defossilize due its dependence on carbon as a building block, while other hard-to-abate sectors like steel or cement lack affordable options to tackle unavoidable carbon emissions. Direct industrial emissions account for about one quarter of the world\u2019s energy system CO\u2082 emissions. Again\u2019s novel biomanufacturing process collects these unavoidable carbon outputs from industry at the source, reusing them to manufacture sustainable chemicals.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"244\" height=\"215\" src=\"https:\/\/renewable-carbon.eu\/news\/media\/2023\/12\/fncls-1.png\" alt=\"\" class=\"wp-image-136728\" style=\"aspect-ratio:1.1348837209302325;width:166px;height:auto\" srcset=\"https:\/\/renewable-carbon.eu\/news\/media\/2023\/12\/fncls-1.png 244w, https:\/\/renewable-carbon.eu\/news\/media\/2023\/12\/fncls-1-150x132.png 150w\" sizes=\"auto, (max-width: 244px) 100vw, 244px\" \/><figcaption class=\"wp-element-caption\">Torbj\u00f8rn Jensen, CEO<\/figcaption><\/figure><\/div>\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201eWe\u2019ve created a simple, energy efficient process that supplies the chemical products demanded by industry, without the negative environmental impact.\u201d <strong>Torbj\u00f8rn Jensen, CEO<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p>Again\u2019s new facility captures up to 1 ton of CO\u2082 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\u2019s 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 CO\u2082 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.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn a global market where emissions are measured in gigatons, we\u2019ve created a simple, energy efficient process that creates the chemical products demanded by industry, without the negative environmental impact and at competitive prices,\u201d explains <strong>Dr. Torbj\u00f8rn \u00d8lsh\u00f8j Jensen, co-founder and CEO of Again<\/strong>. \u201cWith our biomanufacturing plant online, we are leading the global transition to producing chemicals directly from CO\u2082 through biology. We have proven demand from customers who are eager to defossilize their value chains using our products.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>The idea to reuse CO\u2082 as feedstock for chemicals has not yet been widely adopted due to previous technologies being prohibitively energy intensive and expensive. Again\u2019s biomanufacturing process represents a shift in this paradigm, as it eliminates the need for energy- and cost-intensive separation and purification of the CO\u2082. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"244\" height=\"216\" src=\"https:\/\/renewable-carbon.eu\/news\/media\/2023\/12\/fncls.png\" alt=\"\" class=\"wp-image-136727\" style=\"aspect-ratio:1.1296296296296295;width:166px;height:auto\" srcset=\"https:\/\/renewable-carbon.eu\/news\/media\/2023\/12\/fncls.png 244w, https:\/\/renewable-carbon.eu\/news\/media\/2023\/12\/fncls-150x133.png 150w\" sizes=\"auto, (max-width: 244px) 100vw, 244px\" \/><figcaption class=\"wp-element-caption\">Max Kufner, COO<\/figcaption><\/figure><\/div>\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAgain is the world\u2019s most affordable and flexible carbon capture solution\u201d, said <strong>Max Kufner, co-founder and COO<\/strong>. \u201cWe are building a solution that has no operating costs for our clients.\u201d\u00a0\u201eAt Again we are building a solution that offers Carbon Capture with no operating costs for our clients.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>With its modular, flexible production process, Again\u2019s biomanufacturing not only reduces emissions, but has the potential to re-shore chemical production to regions seeking alternatives to fossil-based options due to cost and pollution. The technology brings international climate goals within reach, while supporting sustainable economic development.<\/p>\n\n\n\n<p>The funding from leading Silicon Valley investors will enable Again to continue scaling up, while investing in R&amp;D to expand its product portfolio. \u201cACME, GV, and Atlantic Labs recognized the potential of biomanufacturing in fighting climate change and have been strong supporters of Again working simultaneously towards a positive environmental impact and a profitable business case\u201d, said Kufner.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAgain is building a critical solution for our fight against climate change\u201d added <strong>Christian Tang-Jespersen, Partner at ACME<\/strong>. \u201cThere is huge demand from the industry for carbon negative chemicals. Again\u2019s novel biomanufacturing process is primed to unlock this massive market. Just as important, the industry is looking for resilient supply and Again has the potential to become a global supplier.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p>In addition to venture capital funding, Again has also received public funding, including the \u20ac43 million <a href=\"https:\/\/www.pyroco2.eu\/\">PyroCO\u2082 project<\/a> from the European Union\u2019s Horizon program that is built around Again\u2019s technology.<br><br>\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Again<\/strong><\/h3>\n\n\n\n<p>Again is a Danish climate tech startup founded in 2021, with offices in Copenhagen and Berlin and an international team of 30 people. The company 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.<\/p>\n\n\n\n<p>Again\u2019s biomanufacturing process combines millennia-old bacteria with cutting-edge biotechnology. The process, called gas fermentation, ferments CO\u2082 and hydrogen into chemical products in a one-step carbon capture utilization process. Co-founder and CEO Torbj\u00f8rn Jensen holds a PhD in molecular biology and has an extensive professional background in biotechnology. He leads the company with co-founder and COO Max Kufner, an experienced startup founder and venture capitalist. Again\u2019s cost-competitive, sustainable chemical products are some of the most important building blocks of industry. Again\u2019s first products are acetate and acetic acid, important base chemicals for adhesives, solvents, plastics, textiles, and cosmetics. The company has a full product pipeline and its continuous R&amp;D efforts push the boundaries of CO\u2082-based chemical production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Danish climate tech startup Again today announces $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 (CO\u2082) into a range [&#8230;]<\/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":"The company harnesses natural, gas-eating bacteria to convert waste carbon dioxide (CO\u2082) into a range of sustainable chemical products","footnotes":""},"categories":[5571],"tags":[13383,6843,10744,10416,10408,10743],"supplier":[23269,20888,967],"class_list":["post-136695","post","type-post","status-publish","format-standard","hentry","category-co2-based","tag-bacteria","tag-biochemicals","tag-carboncapture","tag-circulareconomy","tag-greenchemistry","tag-useco2","supplier-again","supplier-atlantic-labs","supplier-international-energy-agency-iea"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/136695","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=136695"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/136695\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=136695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=136695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=136695"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=136695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}