Carbon Clean Raises $150M in Series C Funding

carbon clean

Carbon CleanThe Series C funding provided USD150m to a UK-based carbon capture solution provider, headquartered in London.

The round was led by existing investor Chevron, alongside CEMEX Ventures, Marubeni Corporation and WAVE Equity Partners and new investors, AXA IM Alts, Samsung Ventures, Saudi Aramco Energy Ventures and TC Energy. To date, Carbon Clean has raised $195m.

The company plans to use the funds for expansion and business reach. It will work in collaboration with governments and industrial partners to produce and ship hundreds of fully modular, standardised carbon capture units to industrial plants every year.

Carbon Clean, chaired and chief executive officer by Aniruddha Singh, is a leader in carbon capture technology for various industries, including cement, steel and refineries. The company’s patented technology has been proven at scale in over 44 sites around the world, including plants in the UK, U.S., Japan, Germany, India, Norway and the Netherlands. It has delivered the world’s largest industrial-scale carbon capture and utilisation plant for Tuticorin Alkali Chemicals & Fertilizers Ltd, India.

As part of the new investment, Carbon Clean and Chevron are seeking to develop a technology demonstration pilot that will test the company’s tech solution at one of Chevron’s co-generation plants in San Joaquin Valley, California.

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