Oxylus Energy, a developer of carbon utilization technology for e-fuel production, has received a $4.5 million Series Seed investment led by Toyota Ventures and Azolla Ventures. The company's solution involves converting carbon dioxide to green methanol using a novel catalyst developed at Yale University. This process, similar to green hydrogen electrolyzers, operates at low temperatures and pressures, making it a cost-effective method for producing methanol from captured carbon dioxide, water, and electricity. The funding will be utilized to accelerate technology development, prototype testing, and pilot deployment of Oxylus Energy's methanol production. The company's methanol can serve as a drop-in fuel replacement or be upgraded to jet fuel and other green petrochemicals, offering a versatile and sustainable energy solution. By combining carbon conversion with alternative fuel production, Oxylus Energy aims to reduce energy costs and facilitate the decarbonization of challenging sectors like aviation and shipping. The World Economic Forum highlights that green methanol can lead to a substantial reduction in carbon dioxide emissions, emphasizing its potential impact on mitigating climate change. Oxylus Energy's technology is designed to meet the increasing demand for green methanol, with estimates suggesting production levels could reach 500 million tons by 2050. The company's approach, which does not require hydrogen input, is seen as a breakthrough in the green energy space, offering a feasible pathway for industries to adopt sustainable fuel solutions. Partnerships with investors like Toyota Ventures and Azolla Ventures signify confidence in Oxylus Energy's innovative technology. The ability to scale green methanol production efficiently and cost-effectively addresses the challenges associated with limited supply and price premiums, making it an attractive option for sectors seeking to decarbonize and reduce emissions.