Parallel Carbon has been recognised as a Top Innovator in the prestigious Carbon Capture and Utilization Challenge, hosted by UpLink in collaboration with the Kingdom of Saudi Arabia’s Ministry of Energy and Ministry of Economy and Planning.
UpLink, an initiative of the World Economic Forum, serves as a digital platform connecting innovators, experts, and partners to address pressing global challenges. It empowers entrepreneurs and startups to accelerate impactful solutions aligned with the United Nations' Sustainable Development Goals (SDGs). Designed to enhance collaboration and visibility, UpLink supports breakthrough innovations across industries, offering resources and networks to scale transformative ideas for a sustainable future.
This recognition underscores our commitment to revolutionising climate solutions through our pioneering approach to affordable Direct Air Carbon Capture (DAC) and zero-carbon hydrogen production. Our integrated platform combines renewable power with innovative technologies to simultaneously capture CO₂ directly from the air and produce clean hydrogen from water. By leveraging a mineral-based DAC process and a low-cost electrolyzer for water splitting, we are unlocking sustainable supply chains for fuels, chemicals, and long-term carbon removal.
Driving Decarbonisation in Aviation and Shipping Fuels
Sustainable fuels that decarbonise aviation and maritime transportation are produced from renewable sources of CO2 and hydrogen. Fuel emissions from these sectors represent some of the most challenging to eliminate on the global path to net-zero. Our innovative technology produces affordable feedstocks from renewable power which makes it possible for our partners to generate fuels that clean the air while powering the economy.
In aviation, synthetic kerosene derived from CO₂ and hydrogen serves as a clean, drop-in alternative to conventional jet fuels. This approach ensures compatibility with existing aircraft and fueling infrastructure, allowing for immediate emission reductions without the need for fleet overhauls.
For shipping, renewable methanol offers a similarly transformative solution. Methanol’s versatility as a maritime fuel and its growing acceptance in the shipping industry make it a practical and scalable option for cutting greenhouse gas emissions across global trade routes.
Our streamlined approach lowers production costs and enhances scalability, enabling affordable production of sustainable fuels. The technology is a hardware platform to not only produce carbon-neutral fuels that displace fossil fuels, but to pave the way for production of carbon-negative fuels, chemicals, and other products.
Our Impact
Parallel Carbon’s innovations align with, and advance several critical Sustainable Development Goals (SDGs), including:
SDG 7: Affordable and Clean Energy
SDG 9: Industry, Innovation, and Infrastructure
SDG 13: Climate Action
As one of 11 selected innovators, we are thrilled to join a community of pioneering companies dedicated to tackling climate challenges. This recognition provides an incredible opportunity to build partnerships, collaborate with global experts, and expand the visibility of our mission to deliver affordable and scalable climate solutions.
Looking Ahead
Winning this award inspires us to continue advancing technologies that will reshape industries and contribute to a more sustainable future. Together with UpLink, the Kingdom of Saudi Arabia, the World Economic Forum, and our fellow challenge winners, we are poised to drive impactful change and redefine the possibilities of carbon capture and utilization.
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