Antwerp-based firm D-CRBN, which develops plasma-based technology to convert industrial CO₂ emissions into chemical feedstocks such as carbon monoxide and syngas, has raised €17.5 million in a Series A round led by Astaia, with participation from SFPIM and the European Innovation Council (EIC) Fund.
- Founded in 2020 by Gill Scheltjens, David Ziegler, and Georgi Trenchev, D-CRBN is developing electrified plasma systems that convert industrial CO₂ emissions into chemical feedstocks used in fuels, chemicals, and materials.
- Its technology uses plasma reactors to break CO₂ (and in some configurations methane) into simpler molecules, primarily carbon monoxide and syngas. These outputs are then used as building blocks in existing industrial value chains, replacing fossil-derived inputs such as conventional syngas production routes.
- The systems are designed for on-site, modular deployment at industrial facilities, where they process captured or waste gas streams using electricity instead of traditional thermal or fossil-based processes. This enables direct integration into existing infrastructure, allowing industries to convert emissions into usable feedstocks within their own production environment.
Details of the deal
- The Series A will fund D-CRBN’s transition from pilot validation to industrial-scale deployment by expanding its plasma-based CO₂ conversion systems, advancing live industrial demonstrations with partners, and laying the groundwork for initial commercial rollouts that produce carbon monoxide and syngas for use in fuels and chemicals.
“The confidence of our investors reflects both the maturity of our technology and the growing demand for scalable circular carbon solutions," explains David Ziegler, CCO at D-CRBN.
