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The CDR Funding Panorama. As Occidental buys Carbon Engineering… | by Anton Root | AlliedOffsets | Aug, 2023

The Carbon Engineering acquisition by Occidental is one more signal that the carbon dioxide elimination (CDR) business is maturing.

And whereas the business is comparatively new, tons of of thousands and thousands of {dollars} have been poured into CDR corporations, suggesting extra exits are on the horizon.

As a part of our revamped CDR choices, we’ve collected knowledge on over 550 corporations all over the world that wish to seize, retailer, or make the most of carbon in a roundabout way — you may take a look at the public dashboard right here.

Behind the scenes, we’ve additionally been wanting into knowledge on CDR buyers. To this point, we’ve collected info on:

  • 177 buyers
  • 112 funded corporations
  • 367 investments
  • $4b in funding exercise tracked

Under are some abstract statistics that may assist to place the Carbon Engineering acquisition in wider context.

We see bigger rounds than common in CDR. The hole widens as corporations show out their fashions and get additional into the funding rounds: that is doubtless as a consequence of CDR being an inherently {hardware} sector, that means economies of scale are more durable to optimize than in software program.

We’ve additionally collected knowledge on over 2,000 patents which might be held by corporations participating in CDR. Whereas the outcomes are nonetheless preliminary (and liable to be influenced by outliers, given the comparatively small pattern dimension) we see a reasonably robust constructive correlation of 0.57 between variety of patents held and the amount of cash raised.

This is sensible — as corporations are higher in a position to show to buyers their aggressive benefit, they grow to be extra engaging to potential funders. Carbon Engineering, by our depend, holds 13 patents.

We’ll present extra evaluation on CDR funding within the coming weeks, keep tuned!

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