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The round will advance the development of permanent carbon removal technologies. It brings together deep-tech investors and experienced operators behind mineralization solutions that scale alongside industry.
MERSAAD enters into a collaboration with the College of Petroleum Engineering and Geosciences and Dhahran Techno Valley through an option agreement covering five breakthrough inventions.
A research collaboration with King Fahd University of Petroleum and Minerals to advance mineralization-based CO₂ removal, and a move into the Dhahran Techno Valley innovation ecosystem as MERSAAD's host base.
The company launches to develop circular carbon technologies that turn a climate challenge into a resource.