ReCarbon, Inc. Obtains US$ 7 Million Funding from Doosan Group

ReCarbon, Inc has announced the recent successful closing of US$ 7 million funding, a part of the Series B funding, from Doosan Mecatec Co., Ltd. headquartered in Seoul, South Korea.

ReCarbon President and CEO, Dr. Jay Kim said, "We are so pleased to have a shareholder with such technical expertise and global reach. ReCarbon can now continue with confidence in rapidly commercializing our technology and seeing carbon dioxide and methane emissions being transformed into renewable syngas and hydrogen products in all key markets."

"As a leading player in the global market, we see our investment in ReCarbon, as continuing our focus in leveraging state-of-the-art technologies toward a new energy future, such as the global hydrogen economy," said Dr. Ho Seon Shin, CEO of Doosan Mecatec.