普力材料 develops and manufactures CO2‑based new materials, concentrating on high‑value utilization of carbon dioxide and industrializing negative‑carbon materials. The company focuses on the "U" (utilization) part of CCUS and aims to provide high‑performance polyurethane carbon‑neutral solutions for China. It holds a proprietary CO2 new‑materials polymerization process and its core product is a CO2‑based polycarbonate polyether polyol (PCE). The firm emphasizes CO2 utilization technology as its core competitive advantage. Recently it completed a B+ financing round, raising several tens of millions of RMB. The proceeds are intended for innovative technology R&D and to supplement working capital. Puli Materials develops and manufactures CO2-based new materials with a focus on high-value utilization of carbon dioxide. The company specializes in industrializing negative-carbon new materials and aims to provide high-performance polyurethane carbon-neutral solutions for China. It recently completed nearly ¥200 million in a B round financing. The proceeds are earmarked primarily for construction of a new production line for CO2-based polyols. The funding is intended to expand the company’s production capacity for its CO2-derived materials. No other financial or operating metrics were disclosed in the article.

Total raised

$28M

Funding rounds

2

Latest round

Series B

Latest activity

Dec 2023