PaceZero Capital Partners (“PaceZero”) announced today that it entered into a committed credit facility with Alchemy CO? (“Alchemy”). The funding will support Alchemy’s rollout of distributed biogenic CO? production facilities across the United States.
“Alchemy’s distributed CO? capture systems unlock regional supply in the tight North American industrial gases market,” said Jordan Peckham, Founder and CEO of PaceZero. “We are happy to be partnering with Casey and the Alchemy team as they bring new commercial-scale facilities online.”
CO? is a critical industrial feedstock used across food, beverage, water treatment, medical, and manufacturing sectors. Yet the CO? supply chain is increasingly unreliable, relying on aging, centralized, fossil-based infrastructure and long-haul transportation from distant production facilities, including CO? mined from geological wells. As demand grows and supply continues to tighten, many major markets face chronic shortages, rising prices, and limited-to-no access to green CO? sources.
Founded in 2023 and based in Atlanta, Alchemy is rebuilding the CO? supply chain with patented, modular production units that capture biogenic CO? from renewable natural gas (“RNG”) facilities and supply it locally to industrial customers. By decentralizing production and locating supply closer to demand, Alchemy delivers a more reliable, cost-competitive CO? product without a green premium, while also increasing RNG site revenues and decarbonizing the CO? supply chain.
“PaceZero understood our model from day one and moved quickly to structure a facility that supports our growth,” said Casey Leist, Founder and CEO of Alchemy CO?. “With this financing in place, we’re accelerating the deployment of a new approach to supplying CO? to industry — one that is local, reliable, and built to scale.”
About PaceZero Capital Partners
PaceZero Capital Partners is an independent sustainability-focused private debt firm, headquartered in Toronto, Canada. PaceZero executes credit investments in established, high-growth companies developing innovative technologies that drive improved social and environmental outcomes.
About Alchemy CO?
Alchemy CO? PBC is building the next generation of CO? supply. The company designs, builds, and operates a distributed network of biogenic CO? production sites using a patented solution that transforms waste biomass into high-purity CO? for industrial end-users. As a public benefit corporation, Alchemy is rebuilding the CO? supply chain to ensure uninterrupted customer operations today, while also increasing RNG site revenues and decarbonizing the CO? supply chain.
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SOURCE PaceZero Capital Partners
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