Planet Savers Inc. (Headquarters: Bunkyo-ku, Tokyo; Representative Director & CEO: Kyo Ikegami; hereinafter "Planet Savers") is pleased to announce that it has been selected as a grant recipient for the "Mitsui & Co. Co-creation Fund," an initiative promoted by Mitsui & Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President & CEO: Kenichi Hori; hereinafter "Mitsui & Co.") as part of its social contribution activities. Through this initiative, Planet Savers aims to accelerate the full-scale system development of its unique Direct Air Capture (DAC) technology and its demonstration for agricultural use of captured CO₂ and overseas underground storage. The goal is to achieve the social implementation of DAC and create a sustainable future through CO₂ capture and utilization.

Scene of agricultural demonstration in Hokkaido

What is the "Mitsui & Co. Co-creation Fund"?

The Mitsui & Co. Co-creation Fund is an initiative where Mitsui & Co. provides grants to projects that aim to solve social issues through co-creation, leveraging the experience of Mitsui & Co. executives and employees who share the same aspirations as "issue finders" such as social startups, NPOs, and researchers. It seeks to solve problems through co-creation and intellectual chemical reactions between both parties. Reference/Citation: Mitsui & Co. Co-creation Fund Website

For the background of this grant, please refer to the Mitsui & Co. press release below.

Reference/Citation: Mitsui & Co. Press Release

Comment from Kyo Ikegami, CEO of Planet Savers

Kyo Ikegami, CEO of Planet Savers

"We are deeply honored to have been selected for the Mitsui & Co. Co-creation Fund. As the impacts of climate change become increasingly evident, the social implementation of DAC technology, which directly captures and removes CO₂ already emitted into the atmosphere, is an urgent task, alongside reducing greenhouse gas emissions. Through co-creation with Mitsui & Co. via this fund, we will accelerate the full-scale development of our system and the utilization and social implementation of captured CO₂. The support from Mitsui & Co., which has handled many energy projects and focuses on sustainability management, is incredibly encouraging, and we will dedicate ourselves to solving climate change."

[About Planet Savers Inc.]

A University of Tokyo spin-off startup that aims to achieve Direct Air Capture (DAC) technology at a practical cost level. It develops innovative CO₂ adsorbents using zeolite and CO₂ capture devices optimized for these adsorbents. As Japan's first DAC startup, it aims to socially implement DAC and contribute to achieving net-zero CO₂ emissions by 2050.

Name: Planet Savers Inc.

Location: 351 Entrepreneur Lab, South Research Building, The University of Tokyo, 7-3-1 Hongo, Bunkyo-ku, Tokyo 113-0033

Representative: Kyo Ikegami

Established: July 2023

URL: https://planetsavers.earth/

FACT BOX

  • Source: PR TIMES
  • Category: Funding