Israeli Company Dotz Nano Raises $12M for Carbon Capture Technology

Dotz-Nano, a nanotechnology company, has recently secured a 12 million Australian dollar agreement with an American capital fund for the development of carbon dioxide capture technology. The investment will be used to accelerate the development of DotzEarth carbon capture technology and execute plans for growth in the near-term.

Dotz-Nano’s advanced carbon adsorption technology utilizes plastic waste to produce a solid filter. The purpose of this filter is to capture the carbon dioxide emitted from industrial chimneys and prevent it from reaching the atmosphere. This is an important step in addressing the issue of global warming, as the increase in carbon concentration in the atmosphere is directly related to this phenomenon.

The company successfully completed a fundraising round with American capital fund Mercer, Street Global Opportunity Fund, and Israeli venture capital fund SIBF. Dotz-Nano CEO Sharon Malka expressed gratitude for the support from Mercer, stating that the backing provides the company with the financial resources needed to continue its efforts in developing and implementing carbon capture technology.

Dotz-Nano’s technology has distinct advantages over competing technologies, with savings in operating costs, environmental benefits, and high selectivity in CO2 capture. This investment will allow the company to continue its efforts in developing and implementing carbon capture technology and make a significant impact on reducing greenhouse gas emissions.

By Editor

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