Anodyne Chemistries is developing and demonstrating a bio‑electric process that converts carbon dioxide and water into high‑quality formic acid and hydrogen peroxide. The company positions these products as low‑carbon alternatives to petrochemical feedstocks used on Canadian farms. Formic acid and hydrogen peroxide produced by the process are intended for applications including feed preservation, livestock health support, and sanitization of equipment and crops. The company announced it will receive up to $1,236,310 from Agriculture and Agri‑Food Canada to support development and demonstration of the technology. Anodyne frames the work as contributing to greenhouse‑gas reductions and a domestic decarbonized agrichemical supply chain. CEO Iain Evans described the partnership with AAFC as foundational for strengthening food security and supporting a transition to a net‑zero future.

Total raised

$7M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2026