Dotz Nano Secures $12 million Investment for DOTZearth Carbon Capture Technology Development

Dotz Nano Limited, a company listed on the ASX, has successfully secured a funding agreement with Mercer Street Global Opportunity Fund, LLC, a reputable US-based investment fund, resulting in an impressive $12 million raised through convertible notes. This significant injection of funds will play a pivotal role in expediting the development and commercialization of DOTZearth, Dotz’s state-of-the-art carbon capture technology.

In a press release, Dotz CEO Sharon Malka expressed his enthusiasm about the collaboration, stating, “We are excited to partner with Mercer in this important phase of the company’s evolution and delighted that an investment fund of its calibre has backed our technology and its potential.” He further added, “The placement provides the company with the runway needed in the near-term so that it can execute on its growth opportunities and capitalise on the technology potential.”

Jonathan Juchno of Mercer also voiced their confidence in Dotz’s innovative technologies, remarking, “We have been following Dotz since late 2021 and are continually impressed by their innovative technologies.” Juchno continued, “We are very pleased to be making this investment to support the development of DotzEarth carbon capture technology and its building of channels for future growth.”

This significant funding agreement comes on the heels of a series of recent accomplishments for Dotz Nano Limited, including joining the Global CCS Institute, establishing a strategic collaboration with SINTEF, a successful technology transfer from Rice University, a patent application submission, and strengthening the Board with the appointment of climate technology industry experts.

The DOTZearth carbon capture technology, in particular, is designed to utilize plastic waste to produce a carbon-based solid sorbent with nanosized pores tailored to capture and store CO2 gases from flue gas. Developed at Rice University and fully characterised by SINTEF, the technology is positioned as the next generation of carbon capture solid sorbents, offering numerous advantages over existing technologies, such as energy efficiency, low cost of ownership, and longer lifetime.

Established in 2007, Dotz Nano Limited is a pioneering nanotechnology company that is at the forefront of developing innovative climate and industrial nano-technologies. The company’s primary focus revolves around revolutionary carbon dioxide (CO2) management technologies, paving the way towards a carbon-neutral future.

With the influx of $12 million in funding, Dotz Nano Limited is set to make significant strides in the development and commercialization of its groundbreaking DOTZearth carbon capture technology. This investment positions the company as a key player in the vital movement towards reducing carbon emissions and combatting climate change on a global scale.