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News Carbon Clean raises US$150m

Carbon Clean raises US$150m

Written by Global Cement staff 12 May 2022
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UK: Carbon capture systems developer Carbon Clean has raised US$150m in its largest funding round to date. US-based energy company Chevron Corporation led the round, with participation from Cemex venture capital subsidiary Cemex Ventures, Marubeni Corporation, WAVE Equity Partners, AXA IM Alts, Samsung Ventures, Saudi Aramco Energy Ventures and TC Energy.

As a result of the new funding, Carbon Clean says that it will now scale the production of its CycloneCC fully modular carbon capture technology, increase investment in research and development grow its team to meet ‘exponential’ demand growth for its products.

Last modified on 18 May 2022
Published in Global Cement News
Tagged under
  • UK
  • Carbon Clean
  • Chevron Corporation
  • Cemex
  • Cemex Ventures
  • TC Energy
  • Saudi Aramco Energy Ventures
  • Samsung Ventures
  • AXA IM Alts
  • WAVE Equity Partners
  • Marubeni Corporation
  • demand
  • growth
  • funding
  • carbon capture
  • CCS
  • GCW557
  • CCUS
  • CCUS
  • decarbonisation
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