Solumar

Solumar is a startup that is focused on providing new Carbon Capture, Utilization, and Storage (CCUS) solutions to help the Heavy Industry sectors comply with the Net-Zero Agenda 2050. Their slogan, "New CCUS solutions to help Heavy Industry comply with the Net-Zero Agenda 2050," encapsulates their mission. The company aims to transform the emissions reduction landscape for heavy industry sectors with its novel Air & Gas filtering solutions. Solumar's technology can directly cut 92-99% of Black Carbon and Greenhouse Gas (GHG) emissions combined, with x6-8 times lower Capital Expenditure (CAPEX) & Operational Expenditure (OPEX). Their custom solutions also enable the re-selling/re-using of materials from emissions, generating incremental revenue. One of the remarkable aspects of Solumar's technology is that it works solely with seawater and combined principles borrowed from Aviation, excluding the need for chemicals and additional payload. Additionally, the technology is scalable to any size and can be retrofitted or forward-fit in any equipment without the need to redesign the current infrastructure. As of 2023, Solumar has attracted Non-Equity Assistance investment on 24th May 2024 from MassChallenge Switzerland. The company is headquartered in Bulgaria and operates within the industries of sustainability, transportation, and oil and gas. Solumar presents an opportunity for investors to contribute to a greener, cleaner future for all. 🌍