Neustark, a Switzerland-based carbon removal provider, has raised $69 million in a funding round led by Decarbonization Partners, a partnership between BlackRock and Temasek, with participation from climate tech growth investor Blume Equity and other existing investors. UBS also contributed to the round via debt financing.
Neustark, which has made its mission to permanently remove 1 million tons of carbon dioxide in the year 2030, has developed and deployed a solution that allows for the durable removal of carbon from the atmosphere by capturing carbon dioxide at point source, then binding it in mineral waste streams via an accelerated mineralization process.
Biogenic carbon dioxide is captured from partnering biogas plants, then liquefied and transported to construction waste recycling sites. There, the carbon dioxide is injected into concrete granulates from demolished buildings or other mineral waste such as slag and slurry. Neustark’s technology triggers an accel
