Mars Materials
- Company typePrivate
- Founded2022
- HeadquartersHouston, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
Mars Materials firmographics
Firmographics- Name
- Mars Materials
- Legal name
- Mars Materials, Inc. PBC
- Website
- https://Marsmaterials.tech
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Mars Materials industry classification
Industry- Product category
- Sustainable Specialty Chemicals
- akta.pro primary industry
- Carbon‑Based Carbon Materials (graphite, carbon black, CNTs, graphene from CO₂/CO) (EUABAIAG)
Keywords
Where Mars Materials is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Mars Materials business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Acrylonitrile Production and Sales: Pre-revenue company focused on commercializing its CO2-derived acrylonitrile technology. The company plans to scale up production to establish a secure, domestic North American supply chain for carbon fibre manufacturers.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Mars Materials product offering
Product offeringCore offering
Mars Materials produces Hoigen-C, a CO2-derived acrylonitrile precursor used to manufacture polyacrylonitrile (PAN) carbon fiber. The company employs a proprietary hydrogen cyanide-free 'nitrilation' process to convert captured CO2 into acrylonitrile that is chemically identical to traditional petroleum-based PAN. The technology operates at the company's Cassini pilot plant in Houston and targets aerospace, defense, automotive, energy infrastructure, and water treatment applications.
Product overview
Mars Materials is a carbon dioxide utilization startup that produces sustainable, carbon-negative acrylonitrile through its proprietary "nitrilation" process developed at a US national lab. The company's core product is Hoigen-C, a CO2-derived precursor for polyacrylonitrile (PAN) carbon fiber production. The technology offers a hydrogen cyanide-free and carbon-negative alternative to traditional petroleum-based acrylonitrile production, targeting aerospace, military, automotive, and transmission infrastructure applications. The company operates the Cassini pilot plant in Houston and has validated its technology with partners including North Carolina State University and industry leader SNF.
Differentiator
Problem solved
Functional benefit
Products and services
- Hoigen-C CO2-derived acrylonitrile product used as a carbon-negative precursor for manufacturing high-performance polyacrylonitrile (PAN) carbon fiber. Produced through Mars Materials' proprietary hydrogen cyanide-free nitrilation process. Validated chemically identical to traditional PAN derived from petroleum feedstocks, making it suitable for aerospace, defense, automotive, and energy infrastructure applications.
Quantifiable outcome
- Carbon-negative production pathway verified
- +2 more outcomes
Companies that use Mars Materials
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Mars Materials technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Mars Materials partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- North Carolina State UniversitycorePartnership with researchers at North Carolina State University's Wilson College of Textiles to successfully polymerize CO2-derived acrylonitrile into aerospace-grade PAN. The joint study validated Hoigen-C as chemically identical to traditional polyacrylonitrile made from oil and coal.
- SNFcoreSNF, a global leader in water treatment chemicals, validated Mars Materials' sustainable acrylonitrile product. This commercial validation overcomes industry hurdles and advances plans to commercialize carbon-negative chemicals in water treatment sector.
- National Renewable Energy Laboratory (NREL)coreMars Materials secured an exclusive option to NREL's renewable acrylonitrile technology to produce the material from captured-CO2.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Mars Materials competitors and assessment
Company assessmentEmerging players
- Newlight Technologies: Newlight produces a bioplastic (AirCarbon) by combining captured carbon emissions with microorganisms, targeting commercial applications similar to PAN/carbon fiber. Comparable as a carbon-capture-to-materials startup, though operating in a different polymer chemistry.
- C2CNT: C2CNT converts CO2 into carbon nanotubes using molten electrolysis, an adjacent CO2-to-carbon-material pathway. Comparable as an early-stage deep-tech startup commercializing CO2-derived carbon-based materials for industrial applications.
- CarbonOrO: CarbonOrO is an early-stage startup commercializing CO2-to-chemicals and CO2-to-materials technologies. Comparable as a similarly-sized emerging player in CO2 utilization targeting industrial chemical applications.
- Dioxide Materials: Dioxide Materials produces electrocatalysts and membrane technology for CO2 conversion into fuels and chemicals. Comparable as an emerging CO2-to-chemicals technology player, though more infrastructure/components-focused than Mars Materials' end-product orientation.
Direct peers
- Twelve (formerly Opus 12): Twelve uses CO2 electrolysis to produce chemicals and fuels, competing in the same CO2-to-chemicals value chain that Mars Materials targets. Similar profile of carbon-negative claims, technology-driven differentiation, and pursuit of industrial partnerships for scale-up.
- LeMond Carbon: LeMond Carbon is developing low-cost carbon fiber for transportation and energy applications, sharing Mars Materials' focus on PAN-based carbon fiber and aerospace/automotive end markets. Direct adjacency in the carbon fiber precursor and finished-fiber value chain.
- Air Company: Air Company converts captured CO2 into alcohols and consumer products, sharing Mars Materials' positioning around carbon-negative specialty chemicals and partnerships with major corporates. Comparable as a CO2-utilization specialty chemicals startup pursuing industrial-grade scale-up.
- LanzaTech: LanzaTech uses gas fermentation to convert CO and CO2 into commodity chemicals and fuels, including pathways relevant to acrylonitrile and carbon-based feedstocks. Most directly comparable to Mars Materials as a CO2-to-chemicals commercialization-stage deep-tech company pursuing industrial partnerships and large-scale offtake.
Broad incumbents
- Toray Industries (carbon fiber): Toray is the world's largest producer of PAN-based carbon fiber, supplying aerospace and industrial customers globally. Comparable as the dominant incumbent in the carbon fiber precursor value chain where Mars Materials is positioning as a sustainable feedstock alternative.
- Solvay (carbon fiber composites): Solvay is a global specialty chemicals incumbent producing PAN-based carbon fibers and composites for aerospace, automotive, and industrial markets. Comparable as the dominant downstream incumbent whose customer base and qualification infrastructure Mars Materials ultimately seeks to access.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat4 records
Customer concentration
Mars Materials social profiles
Digital presenceMars Materials financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mars Materials leadership team
Management profileNumber of profiles
Profiles2 records
Mars Materials funding detail
Funding detailFunding overview
Funding rounds1 record
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mars Materials 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 Mars Materials
What does Mars Materials do?
Mars Materials produces Hoigen-C, a CO2-derived acrylonitrile precursor used to manufacture polyacrylonitrile (PAN) carbon fiber. The company employs a proprietary hydrogen cyanide-free 'nitrilation' process to convert captured CO2 into acrylonitrile that is chemically identical to traditional petroleum-based PAN. The technology operates at the company's Cassini pilot plant in Houston and targets aerospace, defense, automotive, energy infrastructure, and water treatment applications.
Is Mars Materials a public or private company?
Mars Materials is a private company. It is classified as venture growth investor backed and is currently operating.
When was Mars Materials founded?
Mars Materials was founded in 2022. It employs 1 to 10 people.
Where is Mars Materials based?
Mars Materials is headquartered in Houston, United States, in the North America region.
How does Mars Materials make money?
One revenue line is on record: acrylonitrile Production and Sales.
Who are Mars Materials's main competitors?
Emerging players on record are Newlight Technologies, C2CNT, CarbonOrO and Dioxide Materials. Direct peers are Twelve (formerly Opus 12), LeMond Carbon, Air Company and LanzaTech. Broad incumbents are Toray Industries (carbon fiber) and Solvay (carbon fiber composites).
Does Mars Materials have an API?
No public API is recorded for Mars Materials.
What industry is Mars Materials in?
Mars Materials's product category is Sustainable Specialty Chemicals. Its primary akta.pro industry code is EUABAIAG, Carbon‑Based Carbon Materials (graphite, carbon black, CNTs, graphene from CO₂/CO).