Global Infrastructure SherpaDioxycle raises $37M from Lowercarbon Capital and Breakthrough Energy Ventures
Dioxycle raised $37 million in funding from US investors, including Lowercarbon Capital and Breakthrough Energy Ventures, to scale its carbon-electrolysed ethylene technology.
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- Dioxycle secured $37 million in funding.
- Investors include Lowercarbon Capital and Breakthrough Energy Ventures.
- Funding targets scaling carbon-electrolysed ethylene technology in France.
- Dioxycle, founded in 2021, specializes in CO2 conversion.
Source Intelligence
Dioxycle was founded in 2021. Quote: "The Paris-based startup, founded in 2021". A pilot was conducted last year (relative to the article date of March 6, 2026). Quote: "After a pilot last year". The technology turns CO/CO₂ from other factories into low-carbon plastic (polyethylene). Quote: "The trick is turning CO/CO₂ from other factories into low-carbon plastic that performs like virgin petrochem.". Dioxycle plans to replicate its one-square-meter pilot modules across industries. Quote: "Dioxycle plans to replicate its one-square-meter pilot modules across industries that are hard to decarbonize."
"Dioxycle turns industrial fumes into fancy packaging. The Paris-based startup, founded in 2021"
"Backed by $37M from US investors , including Lowercarbon Capital and Breakthrough Energy Ventures"
"Backed by $37M from US investors , including Lowercarbon Capital and Breakthrough Energy Ventures"
"signed a multi-year deal with L’Oréal to supply polyethylene made from carbon-electrolysed ethylene."
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