Direct Air Capture (DAC) startup Ucaneo has raised new funding from Aramco — one of the world's largest integrated energy and chemicals companies. This investment follows Ucaneo’s €6.75 million Seed funding in September 2024.
Ucaneo, headquartered in Berlin, specializes in developing cutting-edge technologies for direct CO₂ removal from the atmosphere. Its patented solutions leverage renewable energy to efficiently capture CO₂, helping to reduce global greenhouse gas emissions while also providing a sustainable source of CO₂ for industrial applications—closing the carbon cycle.
As the need to lower atmospheric CO₂ levels intensifies, Ucaneo’s technology enables companies to meet regulatory requirements and achieve their sustainability targets.
Aramco Ventures’ investment will accelerate Ucaneo to build Germany’s largest DAC demonstration plant, set to be commissioned in the first half of 2026.
Ucaneo’s industrial pilot — one of Germany’s largest DAC projects — will provide critical operational data to validate its technology under real-world conditions.
These insights will inform the development of Germany’s largest DAC demonstration plant, planned for launch in the first half of 2026.
Supported by a Techno-Economic Analysis (TEA) and an independent third-party feasibility study, Ucaneo’s DAC technology has the potential to achieve costs below €300 per ton of CO₂ in the near future, making it one of the most cost-competitive DAC solutions globally.
The demonstration plant will serve as a key milestone in proving this cost-effectiveness at scale.
Beyond financial support, the investment also paves the way for potential joint deployments of future commercial plants.
Florian Tiller, Ucaneo co-founder and CEO, stated:
"It was essential to find a partner like Aramco who not only supports our scaling efforts but is also deeply committed to playing a leading role in the energy transition.
Only through impactful scale and strong partnerships can innovative technology developers like Ucaneo enable the world to build a real net-zero economy."
Bruce Niven, Executive Managing Director at Aramco Ventures, added:
"Direct Air Capture, if achievable at a competitive cost, could play a crucial role in global decarbonization. Ucaneo’s approach, leveraging novel solvents and renewable energy-driven electrochemistry, has the potential to deliver a cost-effective and highly efficient solution.”
Lead image: Ucaneo. Photo: uncredited.
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