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 🏗️ Hyundai Unveils $6B Hydrogen-Powered Steel Mill in Louisiana, Aims to Position State as National Energy Leader 🤝 Deep Sky Inks Next DAC Deal in Germany with Greenlyte Carbon T...
Inside This Issue 🍁 Inside Canada’s Quiet Takeover of the Carbon Capture Industry ✈️ Phillips 66 to Supply SAF to British Airways in Calif 💧 HyVera Distributed Energy Launches Green Hydrogen-On-De...
Inside This Issue 🌍 1PointFive Announces 50,000 Metric Ton Carbon Removal Agreement with JPMorganChase 📊 Carbon Direct Unveils First Empirical Baseline on Carbon Dioxide Removal and Environmental ...
Pacifico Mexinol project, a 6,130 MT per day ultra-low carbon methanol production facility worth more than US$3.3b will be located near Topolobampo, Ahome, Sinaloa. Once operational in 2029, Pacif...
Microsoft Signs Deal to Remove 1.1 Million Tons of CO2 Through Waste-to-Energy Carbon Capture
Oslo-based power and heat provider Hafslund Celsio announced today a new carbon removal offtake agreement with Microsoft, with the tech giant purchasing more than 1 million tons of carbon credits o...
Bayou Bend Project Aims to Advance Carbon Dioxide Storage Along the US Gulf Coast
The joint venture is intended to help critical industries in the area lower the carbon intensity of their operations. Jay LeJeune likes a challenge. That’s why he signed up to be part of the Bayou...
Approval in Principle (AiP) for World's First LCO₂ / Methanol Carrier
Tokyo, June 30, 2025 - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, and Mitsui O.S.K. Lines, Ltd. (MOL) have acquired Approval in Principle (AiP)(Note1) fro...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.