Newlight Technologies, a Huntington Beach-basd company operating in the decarbonization space, recently announced the completion of an equity investment round led by GenZero totaling $125 million. This capital investment will enable Newlight to significantly expand the production of its AirCarbon material, a biomaterial produced by natural microorganisms that feed on greenhouse gas, at both its existing California facility as well as a new production facility in Ohio.
Industries including fashion, entertainment and food service use AirCarbon to develop and manufacture consumer products that work to reduce carbon. Newlight aims to use greenhouse gas as a resource to manufacture decarbonized materials at global scale. The company currently delivers AirCarbon-based products and materials to more than 5,000 global locations.
Alongside its capital raise Newlight has completed new development agreements. It will work with Charter Next Generation to commercialize specialty films decarbonized with AirCarbon, and it will team up Oxy Low Carbon Ventures to use direct air capture systems to develop carbon dioxide feedstock for AirCarbon production plants.
