Published by Todd Bush on April 18, 2025
novoMOF said it has raised CHF 4.4 million (USD $5.4 million) to further advance its sustainable materials for low-cost carbon capture in high-emissions industrial sectors.
Founded in 2017 as a spinoff that grew out of the Swiss Paul Scherrer Institute (PSI), novoMOF develops Metal Organic Frameworks (MOFs), a new class of highly porous materials with exceptionally high surface area in a compact volume, for a range of applications, including point-source CO2 capture. MOFs, a new class of highly porous materials, were first discovered and developed by Omar M. Yaghi, Professor of Chemistry at UC Berkeley, who is a scientific partner of novoMOF. When precisely engineered, MOFs can act as “molecular cages,” selectively capturing and separating target substances such as CO2, methane or other high-value gases.
>> In Other News: Project to Suck Carbon Out of Sea Begins in UK
According to novoMOF, the company’s MOF-based CO2 capture materials have the potential to capture CO2 at costs well below €100 per ton of CO2. novoMOF said that it aims to capture six million tons of CO2 per year with its MOFs by 2030, and that it is currently targeting point-source CO2 capture across various industrial sectors, including energy production and industrial processes. The company added that the highly space-efficient CO2 capture designs enabled by MOFs also make them well suited for maritime and heavy-duty transport applications.
GTT Strategic Ventures, the investment fund of the GTT group, led the round, alongside Shift4Good, Regenerative ltd, and other investors.
Daniel Steitz, CEO and Founder at novoMOF, said:
"This investment marks a significant milestone in our journey to make MOF-based CO₂ capture both scalable and economically viable. With the support of GTT Strategic Ventures, Shift4Good, Regenerative, and our existing investors, we are accelerating the deployment of our advanced MOF materials where it matters most—at the heart of industrial, energy and transport emissions. Our goal is clear: to deliver meaningful impact on global emissions through cutting-edge materials and strong partnerships."
Hélène Loncin, Head of Venture Capital at GTT, added:
"GTT Strategic Ventures is proud to support the development of novoMOF, whose high-performance materials will help address the challenge of decarbonising maritime transport. Together with our co-investors, we are pleased to back a talented and committed team whose work has the potential to make a real difference in CO₂ reduction"
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🚢 CF Industries, Trafigura, and Envalior Announce Shipment of Certified Low-Carbon Ammonia 🥤 Skytree Validates DAC System to Generate Pure, Beverage-Grade Liquid CO₂ On-Site 💻 Su...
Inside This Issue 💰 Louisiana's $3.5B Carbon Capture Surge Sets National Decarbonization Blueprint 🌍 UN Climate Summit To Feature First-Ever Carbon Removal Pavilion At COP30 🚛 AtmosClear Selects E...
Inside This Issue 💧 Five US Green Hydrogen Projects Begin 2025 Shift to Cleaner Energy 🪨 Conestoga Energy Submits Class VI Carbon Capture & Sequestration Permit Application to EPA Region 7 ⚡ P...
Prometheus Hyperscale Works With Carbon Capture Firms On New Data Center Campus In Wyoming
Says the gas-powered facility will be carbon negative Prometheus Hyperscale has revealed plans for a second AI data center campus in Wyoming, which it says could eventually deliver 1.5GW of IT cap...
Japanese shipowner Mitsui OSK Lines (MOL) has opted into a nascent ammonia bunkering project in Australia. The company will work with new partners to address safety concerns and availability issue...
Honda Research Institute USA Expands Advanced R&D Presence In Ohio
October 7, 2025 — COLUMBUS, Ohio_$2.6 million investment will establish additional HRI-US Advanced Materials Science Lab on The Ohio State University SciTech Campus_ Honda Research Institute USA, ...
Lyon-Saint Exupéry Airport (LYS) has reached net zero emissions a year early, marking a major sustainability milestone for VINCI Airports’ global decarbonisation programme. VINCI Airports has anno...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.