Safran invests in Avnos, on the forefront of innovation in CO2 seize.
Safran, by means of Safran Company Ventures, has invested in Avnos Inc., a California-based startup specializing in CO2 seize from ambient air in a course of known as Direct Air Seize (DAC). The opposite buyers on this funding spherical are NextEra Power Sources, LLC, Shell Ventures, ConocoPhillips, Jet Blue Ventures, Envisioning Companions and Rusheen Capital Administration.
Based in 2020, Avnos Inc. is creating a know-how it calls Hybrid Direct Air Seize (HDAC), which consists of capturing the low concentrations of CO2 in ambient air. Avnos stands out for this revolutionary know-how, which considerably reduces the vitality used within the DAC course of and, in contrast to rival applied sciences, doesn’t eat any water.
It really works by circulating ambient air in touch with a primary adsorbent materials[1] to extract the water, then a second adsorbent materials, which captures the CO2. The CO2 is launched from the fabric by altering the humidity situations (known as “moisture swing”). The HDAC course of produces a fuel combination with a excessive focus of CO2 and has the benefit of recovering water for reuse.
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Direct Air Seize is an important know-how for decarbonizing the aviation sector, particularly for the manufacturing of a category of artificial aviation fuels known as electrofuels, or e-fuels, which require CO2 and decarbonized hydrogen.
Éric Dalbiès, Government Vice President for Technique and Chief Expertise Officer at Safran mentioned:
Safran Company Ventures is taking part in a key function in figuring out disruptive applied sciences that can assist make air transport carbon impartial by 2050 and Safran’s funding in Avnos is an ideal instance of this technique.
Will Kain, CEO of Avnos mentioned:
We’re racing to scale-up HDAC know-how to understand its impression on local weather change and leverage its financial potential to align stakeholders.
“HDAC additionally creates a virtuous cycle for SAF producers by producing the feedstock for sustainable aviation gas (SAF).”
“This funding spherical offers Avnos a strong base from which to speed up our improvement.”
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Safran invests in Avnos, on the forefront of innovation in CO2 seize, February 6, 2024
