Turnover Labs Secures $1.4 Million to Decarbonize Chemical Manufacturing

Turnover Labs, a pioneering startup focused on decarbonizing the chemical manufacturing industry, has announced the successful closing of a $1.4 million Pre-Seed funding round. Funding round was led by Pace Ventures and GC Ventures, which also included participation from Sandy Spring Climate Partners and other prominent venture capital firms.

The funding will be used to expand Turnover Labs' engineering team, accelerate research and development, and scale up its technology for commercialization. The company plans to build a real-world prototype capable of recycling thousands of tons of CO2 annually.

Turnover Labs leverages innovative electrolysis technology developed at Columbia University to convert carbon dioxide (CO2) emissions from chemical manufacturing into valuable chemical building blocks. By replacing petroleum feedstocks with recycled CO2, Turnover Labs aims to significantly reduce the environmental impact of the chemical industry.

"Chemical manufacturing is a major contributor to greenhouse gas emissions, and many of these emissions currently lack viable solutions for reduction or capture," said Marissa Beatty, Founder and CEO of Turnover Labs. "Our technology offers a practical and cost-effective way for chemical companies to reduce their carbon footprint while also producing valuable products." Beatty was featured in 30 under 30 Energy of Forbes Magazine.

"Turnover Labs' approach is unique in its ability to integrate seamlessly into existing chemical manufacturing facilities," said Marius Swart, General Partner at Pace Ventures. "Their technology has the potential to make a significant impact on the decarbonization of the chemical industry."

"We are excited to support Turnover Labs' mission to create a more sustainable future," said Kamel Ramdani, EVP of Innovation & Growth Platforms at PTT Global Chemical Public Company Limited (GC) and President of GC Ventures America. "Their technology has the potential to not only benefit GC but also contribute to global efforts to reduce industrial emissions."

Turnover Labs' technology offers a promising solution to the urgent challenge of decarbonizing the chemical industry. By converting CO2 emissions into valuable products, the company is paving the way for a more sustainable and environmentally friendly future.

About Turnover Labs –

Turnover Labs is a technology startup focused on revolutionizing the chemical industry by decarbonizing its processes. The company's mission is to rapidly reduce greenhouse gas emissions from chemical manufacturing by converting waste carbon dioxide (CO2) into valuable chemical building blocks.

Leveraging proprietary technology developed at Columbia University, Turnover Labs has created highly durable electrolyzers that can withstand the harsh conditions of industrial facilities. These electrolyzers enable the conversion of impure CO2 streams directly into valuable chemicals, providing a sustainable alternative to petroleum-based feedstocks.

By integrating their solution into existing manufacturing operations, Turnover Labs offers a cost-effective and efficient way for chemical companies to reduce their carbon footprint while producing valuable products. Their technology provides a solution for CO2 emissions that are not suitable for other carbon capture methods, helping to drive a more sustainable and environmentally friendly future for the chemical industry.