Carbon Clean Solutions (CCSL), a leader in low-cost carbon dioxide (CO2) capture and separation technology, recently announce completion of a new equity investment of $22 million from a Series B investment round with Equinor Ventures (EV) and ICOS Capital (ICOS). EV and ICOS join the three global investors, WAVE Equity Partners, Chevron Technology Ventures, and Marubeni Corporation, who injected $16m into CCSL in February. According to the update, the funds will be utilized to grow the team and deliver its proven CO2 capture technology for carbon capture, utilization and storage (CCUS) projects across the steel, cement, waste management and refining & petrochemicals sectors. “As the world tries to recover from an unprecedented pandemic, achieving net zero ambitions remains a top priority for a green recovery,” Aniruddha Sharma, CEO of CCSL, said in the news release. “ This investment demonstrates the need felt by major industrial companies for break-through technology in the carbon capture space. We look forward to working with our investors and partners to support a number of CCUS projects in the coming months to limit the climate impact of the use of fossil fuels.”
To view the full press release, visit http://nnw.fm/U0iUk
About Carbon Clean Solutions Limited (CCSL)
Carbon Clean Solutions Limited (CCSL) is a global leader in low-cost carbon dioxide (CO2) separation technology for industrial and gas treating applications. The company’s patented APBS technology significantly reduces the costs and environmental impacts of CO2 separation, when compared to existing techniques. CCSL’s research was funded by competitive grants, and the company was awarded a “Technology Pioneer” award by the World Economic Forum in 2015. The technology has been proven at demonstration scale in over 10 locations, including the UK, USA, Germany, India, Norway and the Netherlands, and is currently in use at the world’s largest industrial-scale carbon capture and utilization plant in Tuticorin, India. CCSL is headquartered in London and also operates offices in India and the United States.
For information about CCS Ltd.: www.CarbonCleanSolutions.com
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