Oxylus Energy, a Connecticut-based carbon utilization company, has successfully secured a $4.5 million investment in a seed funding round led by Toyota Ventures and Azolla Ventures. The company, founded by Yale University graduates, has developed a groundbreaking low-cost, energy-efficient method for producing green methanol as a liquid fuel. This innovative approach involves a low-temperature, low-pressure conversion process that utilizes captured carbon, water, and electricity to generate a liquid e-fuel product. The technology has the potential to replace conventional fuels or be refined for use in aviation or petrochemical industries. By leveraging reactors similar to electrolyzers used for green hydrogen, Oxylus Energy's production process offers a promising alternative for the decarbonization of industries like aviation, shipping, and petrochemicals. The company's solution is cost-effective and energy-efficient, addressing key challenges in the transition to alternative fuels. With the recent funding, Oxylus Energy plans to further develop its technology, focusing on testing prototypes and scaling up production. The commercialization of a catalyst for direct electrochemical conversion of carbon dioxide to methanol, created by Professor Hailiang Wang at Yale University, has been instrumental in enabling the development of Oxylus Energy's innovative system. The company's modular production approach allows for easy scaling and increased production capacity while maintaining affordability. This aligns with the growing demand for sustainable aviation fuel, with the market projected to exceed $25 billion by 2030. Overall, Oxylus Energy's breakthrough in green methanol production represents a significant step towards a more sustainable and decarbonized future for industries reliant on fossil fuels.