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CCSL secure $16m from global investors

Carbon Clean Solutions Limited (CCSL) are a carbon dioxide (CO2) capture and separation technology company.

This month they have secured a $16 million equity investment from three major global investors; WAVE Equity Partners, Chevron Technology Ventures and Marubeni Corporation.

As a result of the investment, CCSL will develop ‘containerised’ solutions in order to attain $30/tonne cost of CO2 capture by 2021. In addition to this, they will also continue to deliver current global projects to lower emissions.

CCSL are a leader in developing affordable carbon capture technologies. They’re also planning on expanding their customer portfolio. This follows a showcase of their technology at the world’s largest commercially funded industrial-scale carbon capture and utilisation plant in India.

Carbon capture and storage technology will play a vital role in the transition to a low-carbon future. CCSL plan to cultivate these technologies at an affordable price to ensure the transition to net zero as they believe it can’t be achieved through renewables alone. This investment will help them develop these technologies.

To see what the investors said, read more here.


Categories: Environment, Sustainability
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