Five global companies have invested $22m in Carbon Clean Solutions Limited (CCSL), a specialist in low-cost CO2 capture and separation technology.
Equinor Ventures (EV) and ICOS Capital join WAVE Equity Partners, Chevron Technology Ventures and Marubeni Corporation, who together injected $16m into the round in February.
UK-headquartered CCSL said the funds will be used to grow its team and deliver its proven CO2 capture technology for carbon capture, utilisation and storage (CCUS) projects across the steel, cement, waste management and refining & petrochemicals sectors.
CCSL will also continue to invest in the production of its “containerised” solution to achieve $30/tonne cost of CO2 capture not including carbon credits by 2021.
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