PeroCycle Secures Seed Funding to Revolutionize Steelmaking with 90% CO₂ Emission Reduction

PeroCycle is proud to announce a significant moment in our journey towards revolutionizing the steel industry—even if our latest funding round raised $0. While a traditional announcement might emphasize large sums, our update reflects our commitment to building sustainable change through non-traditional avenues, including in-kind resources, strategic partnerships, and significant internal investment. Our innovative technology reimagines the way steel is produced by eliminating up to 90% of CO2 emissions associated with conventional methods. By cleverly recycling carbon within the existing processes, PeroCycle ensures that facilities can adopt clean production without the need for new plants or major infrastructural changes. This transformational approach not only helps steelmakers decarbonize without disruption but also paves the way for a more environmentally responsible industry. Although this particular round did not bring in external cash, it highlights a pivotal phase of operational and development investments that are fueling our R&D efforts. Our team is busy refining our carbon recycling systems, running demonstrative trials in collaboration with industry experts, and exploring collaborative opportunities that further validate our model. The purpose of this funding announcement is to reaffirm our belief in the disruptive power of innovation and to underscore that impactful technological advancement sometimes thrives on resourcefulness and strategic ingenuity rather than on traditional cash infusions. As we continue to scale our operations and enhance our technology, we are confident that our lean approach, supported by valued partnerships and dedicated reinvestment of our resources, will catalyze a cleaner, more cost-effective future for steel production. We remain committed to decarbonizing the industry—one process at a time—and thank our supporters for joining us on this transformative journey.