LowCarbon

About LowCarbon

LowCarbon Co., Ltd. is a South Korean climate technology company established in 2016 by CEO Lee Cheol (also referred to as Charles Lee). The company was founded with the mission to address the global climate crisis by developing and providing solutions for carbon neutrality.

LowCarbon specializes in Carbon Capture, Utilization, and Storage (CCUS) technologies. Its core technology involves capturing carbon dioxide from industrial sources, such as power plants and cement factories, as well as directly from the atmosphere (Direct Air Capture - DAC). A key feature of their process is the use of a proprietary catalyst (KLC) that converts the captured CO2 into usable materials like sodium carbonate or calcium carbonate. This approach focuses on utilization, turning captured carbon into byproducts for industries like construction, paper manufacturing, and chemicals, rather than just storage.

The company's business model revolves around providing these decarbonization technologies to heavy industries. Beyond carbon capture, LowCarbon is also involved in the clean hydrogen sector, aiming to establish a blue hydrogen ecosystem by integrating its CCUS technology with natural gas reforming. This process produces hydrogen while capturing the resulting CO2 emissions.

LowCarbon has expanded its operations internationally, establishing a presence in the United States. In 2023, the company signed a Memorandum of Understanding with the state of Florida to participate in a clean hydrogen hub project and broke ground on a clean hydrogen production plant in Mulberry, Florida. This U.S. headquarters, now in Tampa, is expected to create over 100 jobs as its hydrogen and CCU operations grow.