Our vision is to reduce or remove CO2 and convert waste to cash. The first phase is to capture concentrated CO2 in the hard-to-abate sectors or to remove dilute CO2 in air. This phase is often viewed as a cost center. Through customer discovery, this is an accounts payable in the cash flow statement, absent tax credits. Although it satisfies a societal need (reducing carbon emissions), it does not create value for customers beyond compliance.

The 2nd phase and a more challenging endeavor is to convert the one carbon into a reduced carbon species or a two-carbon molecule at an economically acceptable cost. This roadmap to value creation has strong resonance in the business community.

We are solving the first two problems durably and invariant to policy. The last problem to solve is investor returns. By selecting a growing market with a global tailwind and a robust business model, we anticipate the multiples on invested capital for equity holders to be well north of venture investment expectations.