The UK’s largest carbon capture provider, Carbon Clean, announced today it has raised $8m from its new investor CEMEX as part of a new carbon capture project in Victorville, California, working alongside existing investors Equinor Ventures, ICOS Capital, and WAVE Equity Partners.
Mexico-based building material company CEMEX’s participation brings Carbon Clean’s total investment round capital to $30m.
As part of its strategy to achieve its new climate action goals, the company see this investment as contributing towards its target of becoming net carbon neutral in concrete by 2050, under its Future in Action programme.
This programme will see CEMEX attempting to reduce its carbon dioxide (CO2) emission total 40% by 2030, with another target being a 35% reduction by 2025. In addition to these goals, the company intend to become net-zero carbon in concrete by 2050.
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