A consortium of companies are investing $16m in UK CO2 separation technology innovator Carbon Clean Solutions Limited (CCSL).
WAVE Equity Partners, Chevron Technology Ventures and Marubeni Corporation’s investment will be used to deliver an existing pipeline of global projects to lower emissions from industry.
CCSL said it will also invest in the development of “containerised” solutions to achieve $30/tonne cost of CO2 capture by 2021.
The UK-headquartered company is at the forefront of developing affordable carbon capture technology for utilisation and storage, as used by steel, cement, refining and petrochemicals and waste incineration plants.
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