NorthX Climate Tech has committed an additional $1 million investment into British Columbia-based Anodyne Chemistries to support the development of its EZ Formate Pilot Plant, a project focused on producing industrial chemicals from captured carbon dioxide.
The latest investment follows NorthX’s initial $600,000 backing in 2023 and brings its total investment in the company to $1.6 million. The funding will help Anodyne advance its bioelectric manufacturing platform toward commercial-scale deployment.
Building Low-Carbon Industrial Chemicals From CO₂
Founded in British Columbia, Anodyne Chemistries is developing a bioelectric manufacturing process that converts captured CO₂ into industrial-grade formates using commercially available reactor systems.
The company aims to replace fossil-fuel-intensive chemical production with lower-emission alternatives while reducing dependence on volatile global energy and methanol markets.
Formates are widely used across industries including agriculture, construction, drilling, and de-icing, with the global market currently valued at around $7.5 billion.
According to Anodyne, its production method has the potential to reduce lifecycle emissions by more than 99% compared to conventional processes.
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Pilot Plant To Support Commercial Scale-Up
The newly funded EZ Formate Pilot Plant will be developed in British Columbia and is designed as a modular, scalable facility to validate low-carbon formate production at industrial scale.
The pilot project is expected to serve as the foundation for Anodyne’s first commercial-scale production facility targeting annual output of 10,000 tonnes of formates.
Sarah Goodman, President and CEO of NorthX Climate Tech, said the chemical industry urgently needs cleaner production alternatives.
“Anodyne is rethinking industrial inputs by using captured CO₂ and low-carbon electricity to produce chemicals more cleanly and without toxic byproducts,” she said. “We backed them early and have seen strong technical and commercial progress.”
Growing Commercial Traction
Since securing its initial funding, Anodyne has expanded operations, secured additional federal support, and developed a growing international customer base.
The company says its long-term commercial-scale operations could reduce up to 5.4 million tonnes of CO₂ equivalent annually while generating more than $100 million in revenue.
“ This pilot is a critical step in proving our platform can deliver the cost and supply certainty required by major manufacturing industries,” said Iain Evans.
About Anodyne Chemistries
Anodyne Chemistries develops bioelectric manufacturing technologies that convert captured carbon dioxide into industrial chemicals. The company focuses on reducing emissions from chemical manufacturing while building scalable low-carbon alternatives to fossil-based industrial production.
