New Iridium

The chemical industry is one of the world’s biggest polluters, generating almost a billion tons of carbon emissions each year. Our mission is to green the chemical supply chain by utilizing CO2 to create value-added products and reducing carbon emissions through highly efficient chemical manufacturing. Using next generation technology powered by light, New Iridium efficiently upcycles CO2 to produce green and lower-cost products. By consuming more CO2 than emitted by the process and combining CO2 with lower-cost alternative feedstocks, our technology creates carbon-negative and lower-cost versions of existing commodity chemicals. Widespread use will lead to the elimination of million tons of carbon emissions from chemical manufacturing. And since our light-driven platform is powered by electricity vs. fossil fuels used in today’s thermal methods, its adoption will lead the chemical industry’s transition to renewables.