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Carbonova raises $6-million to expand nanofibre production

Carbonova raises $6-million to expand nanofibre production

Cleantech startup Carbonova Corp. has completed a $6-million funding round aimed at expanding its capacity to produce high-value carbon nanofibres from waste CO2 and methane at commercial scale.Calgary-based Carbonova said the financing was led by South Korean conglomerate Kolon Industries, which is interested in its technology to produce the unusually strong and lightweight material. It said Kolon sees the potential for its use in batteries, plastics and other products within Asia.NGIF Capital, a venture capital fund focused on technology to improve the environmental performance of the gas...

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