Carbon Clean, a London, UK-based supplier of carbon seize options, raised USD150m in Collection C funding.
The spherical was led by present investor Chevron, alongside CEMEX Ventures, Marubeni Company and WAVE Fairness Companions and new buyers, AXA IM Alts, Samsung Ventures, Saudi Aramco Vitality Ventures and TC Vitality. Up to now, Carbon Clear has raised $195m.
The corporate intends to make use of the funds to develop operations and its enterprise attain, working in collaboration with industrial companions and governments to fabricate and ship a whole lot of standardised, absolutely modular carbon seize items to industrial amenities yearly.
Led by Aniruddha Sharma, Chair and CEO, Carbon Clear is a world chief in carbon seize options for industries akin to cement, metal, refineries and vitality from waste. The corporate’s patented expertise has been confirmed at scale in over 44 websites all over the world, together with vegetation within the UK, U.S., Japan, Germany, India, Norway and the Netherlands. It has delivered the world’s largest industrial-scale carbon seize and utilisation plant for Tuticorin Alkali Chemical compounds & Fertilizers Ltd, India.
As a part of the brand new funding, Carbon Clear and Chevron are looking for to develop a expertise demonstration pilot that can check the corporate’s tech answer at one among Chevron’s co-generation vegetation in San Joaquin Valley, California.