Summary
- Sébastien Fiedorow quit his job as a venture capitalist to co-found Aerleum, a startup focused on direct air capture (DAC) technology.
- Aerleum’s DAC device transforms captured carbon dioxide into methanol, which can be used as fuel for cargo ships and other applications.
- The company raised $6 million in seed funding and aims to produce methanol for under $1,200 per metric ton in the near term.
- In five years, Aerleum plans to reduce production costs to $650 per metric ton, making their process competitive with fossil fuels.