New Iridium, a Denver, CO-based sustainable chemical firm, raised $2.65M in seed funding.
The spherical was led by Radicle Development and CIRI Ventures, wit participation from Evergreen Local weather Improvements, and Local weather Insiders.
The corporate intends to make use of the funds to speed up the event of it’s flagship low-cost and low-carbon platform expertise and to advance the development of an industrial pilot facility with a capability of fifty metric tons per yr (roughly 140 kilograms per day).
Based in 2020 by CEO Dr. Chern-Hooi Lim, New Iridium is a sustainable chemical innovation firm creating a platform for low-carbon chemical manufacturing. By integrating thermal and photocatalytic applied sciences with bio-based feedstocks and captured CO₂, it effectively turns renewable inputs into high-value chemical substances. The platform additionally helps modular and distributed manufacturing aligning with regional feedstock availability and renewable vitality infrastructure—key enablers of resilient, localized provide chains.
New Iridium’s flagship merchandise embrace bio-based acetic acid, ethyl acetate, and associated acetate esters, aimed toward decarbonizing the acetyl worth chain. The corporate is moreover advancing a pipeline of CO₂-derived constructing block chemical substances reminiscent of acrylic acid, methacrylic acid, methyl methacrylate ester, and methoxyacetic acid.
FinSMEs
11/06/2025
