November 5, 2024 | News & Notices CVC Fund "Shimadzu Future Innovation Fund" has Investment in Rhinoflux Inc., carbon capture and power generation from biomass
Shimadzu Corporation has invested in Rhinoflux Inc. (Rhinoflux), through its Corporate Venture Capital (CVC) fund, “Shimadzu Future Innovation Fund” (Shimadzu FIF). Rhinoflux is developing a plant that captures high purity of carbon dioxide and generates power from biomass resources.
Biomass power generation has attracted attention as a renewable energy source for achieving carbon neutrality, but there are issues such as the transportation cost of waste used for power generation. Rhinoflux has developed a technology based on the research of Dr. Ryuichi Ashida at Kyoto University, which obtains electrical energy and carbon dioxide with a purity of over 99.9% from biomass resources through redox reactions of metal ion solutions without the combustion of biomass. It is expected that the problems of conventional biomass power generation will be solved by using small container-type bioenergy and carbon recovery plants that can be installed near the source of resources.
Shimadzu has invested in Rhinoflux through Shimadzu FIF because it highly evaluated Rhinoflux’s bioenergy and carbon dioxide capture technologies and management team. Through this investment, we will support their research and business development, contributing to the realization of carbon neutrality.
About Rhinoflux
| Name | ： | Rhinoflux Inc. |
| CEO | ： | Atsushi Mazawa |
| Location | ： | Kyoto-City, Kyoto Pref. |
| Founded | ： | 2024 |
| URL | ： | https://rhinoflux.com/en |
About Shimadzu FIF
| Name | ： | Shimadzu Future Innovation Investment L.P. |
| Fund Size | ： | JPY 5 billion |
| Fund Term | ： | 10 years |
| General Partner | ： | Global Brain Corporation |
| Limited Partner | ： | Shimadzu Corporation |
| URL | ： | https://www.shimadzu.com/research_and_development/cvc/index.html |