Many airlines and shipping companies are committing to achieving net zero carbon emissions by 2050, but the path to reaching this target is currently unclear. Oxylus Energy, a startup stemming from a Yale chemistry lab, is working on refining the production of green methanol as a key solution. Green methanol is derived without fossil fuels and has the potential to decarbonize industries like shipping, aviation, and petrochemicals responsible for 11% of emissions. Unlike batteries or green hydrogen, green methanol offers a more feasible alternative for energy-dense sectors like flying and heavy shipping. Oxylus Energy's technology utilizes a cobalt-based catalyst inside an electrolyzer to produce methanol from water and carbon dioxide, reducing the need for expensive green hydrogen sourcing. The startup recently secured a $4.5 million seed round led by Toyota Ventures and Azolla Ventures to scale up production and work towards cost parity with fossil methanol. By focusing on innovation and cost-effectiveness, Oxylus Energy aims to revolutionize the production of green methanol and contribute to the global efforts in achieving sustainability.