The EIC Accelerator Fund has granted a grant agreement to Carbominer, a carbon climatetech business based in Kiev. The grant amount is €1.5 million, with the possibility of up to €7.5 million in equity at a later stage.
Nick Oseyko, a Ukrainian inventor with experience in engineering and business, founded Carbominer in 2020.
Through the use of direct air capture technology, carbon dioxide is extracted from the atmosphere.
The group is certain that CO2 may help a wide range of clients worldwide and is actually a profitable feedstock rather than a hazardous waste.
Its first focus was on indoor agriculture, which it hopes to enable by providing indoor farmers with green atmospheric CO2₂, leading to more sustainable and effective food production. Farmers can sustainably increase crop productivity in their greenhouse or vertical farm by thirty percent with this fossil-free CO2.
In particular, the team’s efforts to commercialize DAC technology are supported by financing from the EIC.
This entails building a DAC-unit production line within the next four years, pre-commercialization efforts with European vertical farms and smart greenhouses, and growing DAC machines to 50 and 250 tons annually.
