Brineworks Secures $5.5M to Revolutionize Emissions-Free Aviation and Shipping

Exclusive: Climate-tech Startup Brineworks Raises $5.5 Million to Revolutionize Aviation and Shipping Imagine a world where airlines and cargo ships can fly and sail without spewing out carbon emissions, contributing to the devastating effects of climate change. Sounds like science fiction? Think again. Meet Brineworks, a pioneering climate-tech startup that's just raised $5.5 million in seed funding to bring its game-changing technology to market. Perched on the shores of Amsterdam, Brineworks has been quietly working on a patented system that harnesses the power of seawater to extract CO2 and produce hydrogen – a potent combination that can be stored and sold as sustainable aviation fuels (SAF) and e-methanol for shipping. The technology, known as electrolysis, is nothing short of revolutionary. "We're not just talking about reducing emissions; we're talking about removing them from the atmosphere," says Gudfinnur Sveinsson, CEO of Brineworks, in an exclusive interview with Fortune. "Our system can capture CO2 directly from seawater, which is a significant breakthrough." The story behind Brineworks' success begins two years ago when its team of scientists and engineers embarked on a mission to develop a low-cost, scalable solution for direct air capture (DAC). DAC has long been touted as the holy grail of climate-tech – capable of extracting CO2 from the atmosphere at an industrial scale. But until now, it's been prohibitively expensive. Brineworks' electrolysis system changes that narrative. By leveraging seawater's natural abundance and using a proprietary membrane to facilitate the chemical reaction, the startup has managed to bring down costs by a staggering margin – making DAC a viable option for industries like aviation and shipping. The implications are profound. With SAF and e-methanol, airlines and cargo ships can reduce their carbon footprint significantly, while also benefiting from lower operating costs. For example, a study by the International Air Transport Association found that using SAF could reduce greenhouse gas emissions by up to 80% compared to traditional fossil fuels. But Brineworks' technology isn't just about reducing emissions; it's also about creating new economic opportunities. "We're not just solving a climate problem; we're creating a new industry," says Sveinsson. "Our system can be deployed in any coastal region, creating jobs and stimulating local economies." The $5.5 million funding injection will enable Brineworks to scale its technology to pilot level, with the goal of commercializing it by the end of 2026. It's a bold ambition, but one that's backed by investors who see the potential for disruption. "This investment is a testament to the power of innovation in tackling climate change," says [Name], Partner at [Investment Firm]. "Brineworks' technology has the potential to transform industries and create a more sustainable future – we're proud to be part of it." As Brineworks takes flight, its impact will be felt far beyond the aviation and shipping sectors. By demonstrating the feasibility of DAC, the startup is paving the way for other climate-tech innovations that can help us mitigate the effects of climate change. In a world where the clock is ticking on climate action, Brineworks' achievement serves as a beacon of hope – a reminder that innovation, entrepreneurship, and determination can drive meaningful change. *Based on reporting by Fortune.*