Parallel Carbon
Affordable, renewable feedstocks for carbon-negative fuels
Company Details
- Location
- Manchester, United Kingdom
- Founded
- 2021
- Employees
- 4-10
- Funding
- USD $1M-$5M
Management Team
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About Parallel Carbon
The problem we're solving:
Producing sustainable fuels requires affordable, low-carbon CO2 and H2, but DAC and electrolysis remain costly ($600–1,000/t CO2, $4–7/kg H2) for feedstock generation. E-fuel projects face risks using point-source CO2 and struggle to co-locate low-carbon CO2 and H2. Parallel Carbon captures CO2 as a co-product to H2 production, delivering high-purity, low-carbon gases at the same site, targeting under $2/kg H2 and $200/t CO2 before 2030, even at sub-commercial scale.Our solution:
Parallel Carbon’s solution integrates DAC with a membrane-free water electrolyser to co-produce CO2 and H2 from renewable electricity, reducing capex while supplying feedstocks for e-fuels. The electrolyser also generates acids and bases for DAC use. Our DAC system operates passively using wind and convection, reducing energy demand and equipment size. Intermittent electrolyser operation on low-cost renewables, paired with passive DAC, delivers the lowest-cost CO₂ and H₂ with minimal resources.Our differentiator:
Our startup combines direct air capture and hydrogen production in one low-cost, integrated system. Unlike others, we use membrane-free electrolysis and passive mineral cycling to co-produce CO₂ and H₂ with minimal energy, land, and water use. This dual-output model offers two revenue streams and supports clean fuel production at scale.Our biggest achievement:
Carbon Removal XPrize Top 60, less than a year after incorporation and being the smallest team. Secured Seed funding with Aramco Ventures as our lead investor. Named as Top Innovator in UpLink's Carbon Capture and Utilisation Challenge.
Disclaimer:
Information for this page was sourced directly from the startups or found in publicly available databases. The data has been collected until the end of the programme's year (eg: A 2020 programme has data updated until December 2020) except for where explicitly said so. The data on co-founders is collected upon startup registration and is not further updated. Funds raised is comprised of direct investments (including crowdfunding), funds, and grants. Opinions, conclusions and views expressed in the startup page are solely personal to the author (startup), unless otherwise clearly stated.