Canadian start-up Carbonova has secured $6 million in funding to scale up its technology for converting carbon dioxide and methane into carbon nanofibres.

The catalyst process was developed at the University of Alberta and the company currently operates a pilot facility at its headquarters in northeast Calgary.

“Carbonova is on track to complete the front-end-engineering design of its first commercial demo unit,” said CEO and co-founder Mina Zarabian. “The new design will represent a significant scale-up from our existing pilot facility and will generate multiple hundreds of kilograms of carbon nanomaterials per day. This will be sufficient to generate thousands of tons of sustainable end products and serve dozens of customers to bring their own innovative and sustainable products in different sectors to the market.”

The financing round was led by Korean chemical and textile manufacturing company Kolon Industries.

www.carbonova.com