Carbon Clean Raises $150M in Series C Funding

Carbon Clean, LondonThe UK-based provider for carbon capture solutions has raised USD150m in Series C funding.

TheRound was led by an existing investor Chevron, alongside CEMEX Ventures, Marubeni Corporation and WAVE Equity Partners and new investors, AXA IM Alts, Samsung Ventures, Saudi Aramco Energy VenturesTC Energy. To date, Carbon CleanHas raised $195m.

TheThe company plans to use the funds for expansion of operations and business reach. inCollaboration with governments and industrial partners in order to manufacture and deliver hundreds of fully modular carbon capture units each year to industrial facilities.

LedBy Aniruddha Sharma, ChairCEO Carbon CleanGlobal leader inCarbon capture solutions are available for industries such as steel, cement, refineries, and energy derived from waste. The company’s patented technology has been proven at scale inOver 44 sites worldwide, including plants inUnited States, UK Japan, Germany, India, NorwayThe Netherlands. It has delivered the world’s largest industrial-scale carbon capture and utilisation plant for Tuticorin Alkali Chemicals & Fertilizers Ltd, India.

AsAs part of the new investment Carbon CleanAnd Chevron are seeking to develop a technology demonstration pilot that will test the company’s tech solution at one of Chevron’s co-generation plants in San Joaquin Valley, California.

FinSMEs

15/05/2022

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