Dotz-Nano, a nanotechnology company, has recently secured a 12 million Australian dollar agreement with an American capital fund. The funding will be used for the development of carbon dioxide capture technology. Dotz-Nano successfully completed its fundraising round with American capital fund Mercer and Israeli venture capital fund SIBF.
Dotz-Nano’s advanced carbon adsorption technology utilizes plastic waste to produce a solid filter that captures carbon dioxide emitted from industrial chimneys, preventing it from reaching the atmosphere. This is a significant step in addressing the issue of global warming as increasing carbon concentration in the atmosphere is directly related to this phenomenon. Dotz-Nano’s technology offers distinct advantages over competing technologies, such as savings in operating costs, environmental benefits, and high selectivity in CO2 capture.
Dotz-Nano CEO 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 and execute plans for growth in the near-term. With this investment, Dotz-Nano will continue its efforts to develop and implement carbon capture technology.