RenewCO2
RenewCO2 is a Rutgers University spinout that has developed a patented, precious-metal-free electrocatalytic platform (eCUT) to convert waste CO2 and water into chemicals and fuels. It targets industrial chemical, plastics, aviation fuel, and bioethanol producers through electrolyzer sales, licensing, and chemical product revenue.
- Company typePrivate
- Founded2018
- HeadquartersCranford, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What RenewCO2 does
RenewCO2 is a U.S.-based deep-tech company founded in 2018 as a spinout from Rutgers University that has developed a proprietary electrocatalytic platform called eCUT (Electrocatalytic Carbon Utilization Technology) for converting waste carbon dioxide and water into chemicals and fuels using electricity. The patented catalyst operates at low temperature and pressure without precious metals, producing outputs including formic acid, monoethylene glycol (MEG), methylglyoxal, and synthetic aviation fuel precursors; an eCUT-FA variant is purpose-built for cost-effective formic acid production. The company holds an exclusive license from Rutgers covering the underlying patents co-invented by the founders and university collaborators.
The company's intended revenue model combines electrolyzer hardware sales (a first commercial-scale 0.5 tonne-CO2-per-day unit targeted for 2027), licensing of catalyst and process technology to chemical manufacturers, and direct sales of carbon-negative chemical products. Go-to-market is enterprise-direct to chemical, plastics, aviation fuel, and bioethanol producers, executed in partnership with PEM electrolyzer OEM Ohmium International (joint development and India co-location since April 2026) and strategic investor Dai Nippon Printing (DNP) for Asian market access.
RenewCO2 remains pre-commercial: it is headquartered in a 15,000 sq ft Somerset, New Jersey facility housing laboratories and a high-bay pilot area, operates a product development site in Chikkaballapur, India, and has raised over $15M cumulatively including roughly $9M in non-dilutive grants from DOE, NSF, DARPA, and New Jersey state programs. Customers are not yet disclosed, and recognition to date is largely R&D-oriented (NASA CO2 Conversion Challenge, Edison Patent Award, Shell GameChanger/NREL GCxN Cohort 7).
RenewCO2 firmographics
Firmographics- Name
- RenewCO2
- Legal name
- RenewCO2 LLC
- Website
- https://renewco2.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- RenewCO2 is a Rutgers University spinout that has developed a patented, precious-metal-free electrocatalytic platform (eCUT) to convert waste CO2 and water into chemicals and fuels. It targets industrial chemical, plastics, aviation fuel, and bioethanol producers through electrolyzer sales, licensing, and chemical product revenue.
- Ownership category
- akta.pro rank
RenewCO2 industry classification
Industry- Product category
- Carbon Capture and Utilization Technology
- NAICS
- Chemical Manufacturing (325), Basic Chemical Manufacturing (3251), Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194)
- SIC
- Industrial Organic Chemicals (2860), Miscellaneous Chemical Products (2890)
- akta.pro primary industry
- Electrochemical CO₂ Conversion Systems (electrolyzers, catalysts, reactors, balance‑of‑plant) (EUABAIAK)
- akta.pro secondary industries
- E‑Fuels & Synthetic Hydrocarbons (e‑kerosene, e‑diesel, e‑gasoline, e‑methane) (EUABAIAA), CO₂ Utilization in Industrial Processes (urea/fertilizers, enhanced oil recovery where applicable, process integration) (EUABAIAI)
Keywords
Where RenewCO2 is headquartered
LocationHeadquarters
- HQ city
- Cranford
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
RenewCO2 business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales, Supply Chain
Revenue model
- Electrolysis System Sales: RenewCO2 plans to deliver commercial-scale eCUT electrolyzers capable of processing 0.5 tonne of CO2 per day, targeting chemical and plastics manufacturers. Revenue from selling electrolysis systems and associated equipment.
- Technology Licensing: The company licenses its patented catalyst technology and eCUT process to chemical manufacturers for integration into existing industrial processes. Enables delocalized chemical production using their proprietary technology.
- Chemical Products Sales: Production and sale of carbon-negative chemicals including formic acid, monoethylene glycol (MEG), methylglyoxal, and sustainable aviation fuel (SAF) produced through the eCUT process.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
RenewCO2 product offering
Product offeringCore offering
RenewCO2 develops and commercializes proprietary Electrocatalytic Carbon Utilization Technology (eCUT), a patented catalyst platform that converts waste carbon dioxide and water into valuable chemicals and fuels using electricity in electrolyzers. The company sells commercial-scale eCUT electrolyzers, licenses its catalyst technology to chemical manufacturers, and produces end-products including formic acid, monoethylene glycol (MEG), and sustainable aviation fuel (SAF).
Product overview
RenewCO2 offers the eCUT (Electrocatalytic Carbon Utilization Technology) platform as its core product, which converts waste CO2 into chemicals and fuels. The platform includes the eCUT-FA™ variant specifically for formic acid production. End products include Sustainable Aviation Fuel (SAF) and Formic Acid. The technology operates as a modular, scalable system that can be integrated with PEM electrolyzers (partnering with Ohmium International) and deployed where renewable electricity is available.
Differentiator
Problem solved
Functional benefit
Brands
- eCUT (Electrocatalytic Carbon Utilization Technology): Patented catalyst technology that converts carbon dioxide and water into sustainable chemicals using electrochemical processes. Produces formic acid, synthetic aviation fuel (SAF), and other chemical products.
- eCUT-FA
Products and services
- eCUT (Electrocatalytic Carbon Utilization Technology) Core electrocatalytic platform technology that converts waste carbon dioxide and water into sustainable chemicals and fuels using a patented catalyst, operating at low temperature with high selectivity and energy efficiency. Sold and licensed to chemical manufacturers and industrial companies seeking to decarbonize production.
- eCUT-FA (Formic Acid Catalyst Technology) Proprietary electrochemical catalyst technology specifically designed for cost-effective conversion of waste CO2 into formic acid and related salts, integrated with Ohmium's PEM electrolyzer platform. Targets chemical industry customers seeking drop-in carbon-negative chemical intermediates.
- Sustainable Aviation Fuel (SAF) Alternative aviation fuel produced from non-petroleum feedstocks using CO2 conversion technology, with properties similar to conventional jet fuel but significantly lower carbon footprint. Targeted at airlines and aviation fuel producers.
- Formic Acid Platform chemical produced via the eCUT process from waste CO2, used in industrial applications including leather tanning, textile processing, rubber coagulation, agriculture preservation, and as a reducing agent in chemical synthesis. Sold to industrial chemical buyers.
Quantifiable outcome
- Carbon-negative production of formic acid and MEG with overall negative carbon emissions
- +5 more outcomes
Companies that use RenewCO2
Customer profileSegments4 records
Ideal customer profiles4 records
RenewCO2 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature4 records
RenewCO2 partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and major.
- Ohmium International Inc.coreGreen hydrogen leader Ohmium partnered with RenewCO2 to commercialize a process converting captured CO2 into valuable chemicals using PEM electrolyzers and proprietary electrochemical catalyst technology. The joint development pairs RenewCO2's eCUT-FA catalyst technology with the Ohmium Lotus PEM electrolyzer platform and manufacturing capabilities. RenewCO2 began product development operations co-located with Ohmium in Chikkaballapur, India in April 2026. The partnership aims to electrify chemical production and deliver first commercial-scale electrolyzer in 2027.
- Shell GameChanger Accelerator Powered by NREL (GCxN)majorRenewCO2 was selected as one of seven startups in GCxN Cohort 7. Through the program, RenewCO2 receives $250,000 in non-dilutive funding, access to NREL's world-class researchers and facilities, and tailored technical validation to advance its technology pathway to convert CO2 to synthetic aviation fuel (SAF).
- Carbon to Value (C2V) InitiativemajorC2V Initiative, a multi-year partnership led by NYU Tandon School of Engineering's Urban Future Lab, Greentown Labs, and Fraunhofer USA, selected RenewCO2 for its fourth cohort of the carbontech accelerator program. The program provides mentorship, resources, and networking for carbontech startups.
- Rutgers UniversitycoreRenewCO2 was spun out from Rutgers University with an exclusive license to patented CO2 conversion technology. Co-founders Dr. Anders Laursen and Dr. Karin Calvinho have Rutgers affiliations. The company collaborates with Rutgers professors and uses university facilities for catalyst scale-up research. Rutgers co-inventors include Prof. Charles Dismukes and Prof. Martha Greenblatt.
- Argonne National LaboratorymajorCTO Karin Calvinho was part of Chain Reaction Innovations (CRI) program at Argonne. Several team members previously worked as postdoctoral researchers at Argonne. The company collaborates with Argonne scientists on R&D for greenhouse gas reduction technologies.
- National Renewable Energy Laboratory (NREL)majorThrough GCxN program and previous collaborations, RenewCO2 has access to NREL's researchers and facilities. Electrochemical Engineer Sean Guo previously worked as a postdoctoral researcher at NREL.
Scale indicators7 records
Recent moves8 records
Expansion highlights6 records
RenewCO2 competitors and assessment
Company assessmentBroad incumbents
- Aemetis: Aemetis produces renewable fuels and chemicals from biomass, competing with RenewCO2 in low-carbon fuel and chemical markets—particularly SAF and renewable feedstocks for industrial chemicals.
- LanzaTech: LanzaTech is a leading carbon-to-chemicals company using gas fermentation (rather than electrochemistry) to convert CO and CO2 into fuels and chemicals like ethanol and jet fuel. It targets overlapping end markets (SAF, industrial chemicals) but via a different technical pathway.
- Avantium: Avantium develops plant-based renewable chemicals including monoethylene glycol (MEG) substitutes, competing with RenewCO2's carbon-negative MEG pathway for plastics and packaging customers.
- Honeywell UOP: Honeywell UOP licenses petrochemical and refining process technology including sustainable aviation fuel pathways, representing an established incumbent that competes for the same industrial decarbonization customers as RenewCO2.
Direct peers
- Twelve (formerly Opus 12): Twelve is the most direct competitor to RenewCO2, also developing electrochemical CO2 conversion technology to produce chemicals and fuels using PEM electrolyzer-based catalysts. The two companies compete for the same customers in the carbon-negative chemicals market.
- Dioxide Materials: Dioxide Materials develops CO2 electrolysis cells, catalysts, and electrolyzer components, directly overlapping with RenewCO2's eCUT catalyst and electrochemical CO2 reduction technology stack.
- C2CNT: C2CNT is an early-stage company developing electrochemical processes that convert CO2 into carbon nanotubes and other carbon-based materials, sharing RenewCO2's electrochemical CO2 conversion technical foundation.
Emerging players
- Prometheus Fuels: Prometheus Fuels is developing synthetic fuels from captured CO2 and renewable electricity, competing with RenewCO2's eCUT-based SAF pathway for the aviation decarbonization market.
- CarbonCure Technologies: CarbonCure Technologies commercializes CO2 utilization in concrete production, sharing RenewCO2's CO2-to-product value proposition but targeting the construction materials end market.
- Charm Industrial: Charm Industrial converts biomass into bio-oil for permanent carbon removal and synthetic fuel production, operating in the broader carbon-to-fuel space adjacent to RenewCO2's eCUT platform.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
RenewCO2 social profiles
Digital presenceRenewCO2 financial estimates
Financial estimateRevenue estimate
Valuation estimate
RenewCO2 leadership team
Management profileNumber of profiles
Profiles11 records
RenewCO2 funding detail
Funding detailFunding overview
Funding rounds8 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RenewCO2 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RenewCO2
What does RenewCO2 do?
RenewCO2 develops and commercializes proprietary Electrocatalytic Carbon Utilization Technology (eCUT), a patented catalyst platform that converts waste carbon dioxide and water into valuable chemicals and fuels using electricity in electrolyzers. The company sells commercial-scale eCUT electrolyzers, licenses its catalyst technology to chemical manufacturers, and produces end-products including formic acid, monoethylene glycol (MEG), and sustainable aviation fuel (SAF).
Is RenewCO2 a public or private company?
RenewCO2 is a private company. It is classified as venture growth investor backed and is currently operating.
When was RenewCO2 founded?
RenewCO2 was founded in 2018. It employs 11 to 50 people.
Where is RenewCO2 based?
RenewCO2 is headquartered in Cranford, United States, in the North America region.
How does RenewCO2 make money?
Three revenue lines are on record. Electrolysis System Sales are the primary driver. The others are technology Licensing and chemical Products Sales.
Who are RenewCO2's main competitors?
Broad incumbents on record are Aemetis, LanzaTech, Avantium and Honeywell UOP. Direct peers are Twelve (formerly Opus 12), Dioxide Materials and C2CNT. Emerging players are Prometheus Fuels, CarbonCure Technologies and Charm Industrial.
Does RenewCO2 have an API?
No public API is recorded for RenewCO2.
What industry is RenewCO2 in?
RenewCO2's product category is Carbon Capture and Utilization Technology. Its primary akta.pro industry code is EUABAIAK, Electrochemical CO₂ Conversion Systems (electrolyzers, catalysts, reactors, balance‑of‑plant), with a secondary code of EUABAIAA, E‑Fuels & Synthetic Hydrocarbons (e‑kerosene, e‑diesel, e‑gasoline, e‑methane). Its NAICS code is 325 and its SIC code is 2860.