Vault CCS is looking to expand its carbon capture and storage (CCS) project pipeline across North America, having received an investment from Grey Rock Investment Partners.
Plans outlined by the CCS specialist build on its already extensive portfolio of actionable CCS projects, with technology installd at ethanol facilities in the Midwest region, each of which emits between 200,000 and 50,000 tonnes of CO2 annually.
Now, having received the new capital from Grey Rock, it is hoped that Vault CCS will be able to grow its project base and benefit from a new team of highly skilled individuals.
Scott Rennie, CEO of Vault CCS, said, “In Grey Rock, we found a like-minded investment partner whose stellar investment track record and technical approach represents the type of capital partner that we feel will support our objective of developing and executing high quality CCS projects with a range of industrial partners across North America.”
“Having a partner who understands the fundamentals of our business is critical in moving quickly to bring projects to fruition and support effective scaling of the emerging CCS industry.”
Matt Miller, Co-Founder and Managing Director of Grey Rock, added, “We find carbon capture and sequestration to be one of the most compelling opportunities in the energy transition. After having met with several CCS teams, it was clear to us that Vault was the right fit for us in how we approach investments.”
“The team evaluates projects from a ‘technical-first’ perspective, allowing them to quickly screen opportunities which have a highly probability of success and to focus their efforts on high quality projects with compelling risk-reward profiles.”