5 years ago

Carbon Clean Solutions Secures $22 Million Series B Funding for CO2 Capture Technology

  • Carbon Clean Solutions, a UK-based company developing low-cost CO2 capture technology, has closed a $22 million Series B funding round

  • The funding, led by Equinor Ventures and ICOS Capital, will be used to expand the team and deliver its technology for carbon capture projects across various sectors

  • The company has already proven its technology at demonstration scale in over 10 locations and is currently in use at the world's largest industrial-scale carbon capture plant in India.

      • ProblemTechnology

      "Making carbon capture technology affordable for businesses in industries like steel, cement, waste management, refining & petrochemicals."

      Solution

      "CCS is developing a low-cost, containerised solution for capturing and storing carbon dioxide emissions at a target cost of $30/tonne by 2021. They have already proven their technology at demonstration scale in multiple locations."

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