Planet Savers Picked For Two Tokyo Subsidies Worth Up To 250 Million Yen
Tokyo is funding a DAC startup to remove atmospheric CO2 and test whether credits from that removal can reach the Tokyo Carbon Credit Market, which puts public money behind a demand-side mechanism rather than only emissions cuts.
Reporting from 1 source: ASCII.jp.
Planet Savers Inc., a University of Tokyo-originated Direct Air Capture startup, has been selected for two Tokyo Metropolitan Government programs: the Early Social Implementation Support Project for the Creation of GX-Related Industries and the CDR Credit Creation Promotion Project. The company expects up to 250 million yen in grants over a maximum of three years. Cumulative funding, including equity investment and other grants, exceeds 1.5 billion yen.
Planet Savers, led by Representative Director Kyo Ikegami and based in Bunkyo-ku, Tokyo, is scheduled to receive up to 250 million yen across a maximum of three years. One project covers development and market implementation of a DAC system for atmospheric CO2 removal, aimed at residual emissions from Tokyo sectors the company describes as Hard to Abate. The other covers a business model for DAC-derived CDR credits: capturing CO2 with its proprietary zeolite system, storing it underground overseas, certifying credits, and demonstrating possible distribution to the Tokyo Carbon Credit Market.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.