French-American scale-up Dioxycle, a 2024 World Economic Forum Technology Pioneer, is developing technology to produce sustainable ethylene from carbon emissions, at equal or lower costs to fossil equivalents. The technology can be retrofitted onto existing manufacturing plants, capturing the carbon emitted during the industrial process and transforming it into green ethylene that can be used to make new products, making factories both more sustainable and circular.
With a market size of some $180 billion, ethylene is the world’s most consumed organic chemical: It is used in the production of textiles; everyday plastics used in consumer goods, car interiors and packaging materials; furniture, cosmetics; and construction materials like pipes, window frames and flooring, but its production has a hefty carbon footprint.
By removing fossil fuels from the production of ethylene, Dioxycle has the potential to slash CO2 emissions by 800 million tons every year.
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