Airhive Closes A Pre-Seed Round With Coca-Cola On Board

Airhive Closes A Pre-Seed Round With Coca-Cola On Board - Carbon Herald
Render of Airhive’s 1000t pilot. Credit: Airhive

More direct air capture developments continue to bring fresh boost to scale the deployment of the technology. UK-based direct air capture developer Airhive has just announced the close of its first (pre-seed) investment round that will support the delivery of its second commercial pilot. 

The round was co-led by AP Ventures and Coca-Cola Europacific Partners (CCEP), the world’s largest bottler of Coca-Cola, with participation from US-based Collaborative Fund and angel investors. 

Relevant: Deep Sky, Airhive To Deploy Direct Air Capture Unit in Canada

The funding will support the development of Airhive technology and the delivery of its second commercial pilot, which will be deployed this year. The pilot will have a capacity to capture 1000 tons of CO2 annually. Through this project, Coca-Cola Europacific Partners will use the CO2 captured by Airhive’s system to replace fossil fuel-derived carbon dioxide in its carbonated drinks. This move aligns with CCEP’s aim to reduce absolute emissions across its value chain by 30% by 2030 and to achieve net-zero emissions by 2040.  

“Carbonation transforms ordinary liquids into the exciting drinks we sell across the world. The science behind those bubbles is not only important for creating our drinks, but could also offer an interesting new avenue to boost decarbonization. We’re always on the lookout for new and exciting technologies which could fast-track our progress – I’m excited to see where this project takes us,” said Matthijs Kostelijk, Director at Coca-Cola Europacific Partners. 

Airhive’s technology works on the basis of fluidization – a process that uses air (in the context of direct air capture) to make static solid particles behave like dynamic fluids. The solid particles are naturally carbon-absorbing rock minerals that uptake the CO2 from the air. They are also being reformed into small particles in the process. 

Relevant: Remove Announces The 8 Startups Moving Forward In The Accelerator

In the fluidization process the particles rapidly collide with the CO2 molecules via a turbulent sandstorm-like cloud. Then, the CO2 is collected in the calciner. According to the company, close to 100% of the carbon dioxide in air passed through the system is removed in less than 0.1 second. 

The funding news announcement also follows Airhive’s partnership with Deep Sky from Dec 2023, which will see the deployment of another commercial pilot of Airhive’s DAC system at Deep Sky Labs in Quebec, Canada. The captured CO2 will be geologically stored for millennia. As per the announcement, each of Airhive’s 2024 commercial pilots will have the capacity to capture 1,000 tonnes of atmospheric carbon dioxide annually.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts