Displaying items by tag: Samsung Ventures
Samsung Engineering and Svante enter memorandum of understanding for carbon capture in Asia and the Middle East
06 October 2023Asia/Middle East: South Korea-based Samsung Engineering and Canada-based Svante have signed a new memorandum of understanding (MoU). Under the MoU, the companies will collaborate on the development and deployment of carbon capture technology in cement and other industries in Asia and the Middle East.
Svante President and CEO Claude Letourneau said “Samsung Engineering’s more than 50 years of experience in the energy and industrial sectors will be invaluable as we continue to rapidly expand our operations and filter production capabilities.”
Carbon Clean raises US$150m
12 May 2022UK: 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.