Dioxycle raises $17 million for its electrolyzer that turns CO2 into ethylene

Dioxycle is a carbon transformation startup that is working on a new process to produce ethylene at scale using recycled carbon emissions. Ethylene is used in packaging, clothing, PVC-based sewage pipes, car interiors and more. And the company recently raised a $17 million funding round co-led by Breakthrough Energy Ventures and Lowercarbon Capital, with Gigascale Capital also participating.
Dioxycle’s main product is a proprietary electrolyzer that uses water, CO2 and electricity as input. In addition to ethylene, the electrolyzer also rejects oxygen. Originally based in France, the startup

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