Carbon capture company raises $150m

London-based Carbon Clean raised the funding from existing investor Chevron, who led the round, alongside CEMEX Ventures, Marubeni Corporation and WAVE Equity Partners and new investors AXA IM Alts, Samsung Ventures, Saudi Aramco Energy Ventures and TC Energy. Carbon Clean has raised a total of $195m, having closed its $30m Series B investment round in August 2021.

Carbon Clean is aiming to become the world’s leading provider of carbon capture solutions for heavy industry and said it will achieve this by working with industrial partners and governments to ‘manufacture and ship hundreds of standardised, fully modular carbon capture units to industrial facilities every year.’

In a statement, Aniruddha Sharma, chair and CEO of Carbon Clean, said: “Making carbon capture technology accessible for hard-to-abate sectors is a huge opportunity. We will use this new funding to scale production of our breakthrough fully modular technology which will overcome the biggest challenges facing widespread adoption of CCUS – cost and scale.”