ETCH, INC. SECURES SEED-STAGE INVESTMENT FROM EMERALD DEVELOPMENT MANAGERS TO SUPPORT THE COMMERCIALIZATION OF ITS PROPRIETY DECARBONIZATION PROCESS
BALTIMORE, July 25, 2023 /PRNewswire/ -- ETCH, INC. (ETCH), a decarbonization company that eliminates carbon from natural gas to produce both clean hydrogen and solid carbon, today announced it has secured $7.5m in seed-stage funding from Emerald Development Managers LP. ETCH will use these funds to take the technology to market and begin commercialization. ETCH anticipates that it will be field testing commercial units later this year.
- (ETCH), a decarbonization company that eliminates carbon from natural gas to produce both clean hydrogen and solid carbon, today announced it has secured $7.5m in seed-stage funding from Emerald Development Managers LP.
- ETCH will use these funds to take the technology to market and begin commercialization.
- ETCH's revolutionary decarbonization technology delivers unrivaled environmental impact, economic value, and versatility that will accelerate the clean energy transition.
- This significant seed-stage funding demonstrates confidence in our technology and business plan as we work toward a clean energy future."