Chevron led a group of corporates looking to remove industrial emissions with the latest round in the carbon capture specialist.

Carbon Clean, a UK-based carbon capture technology developer, raised $150m in series C funding yesterday led by oil and gas producer Chevron to help decarbonise heavy industry.

Chevron Technology Ventures confirmed to Global Corporate Venturing that it participated in the round through its Future Energy Fund II, with additional participation from an unnamed business unit of Chevron.

Through what is being billed as the largest-ever funding round for a point source carbon capture –  which captures emissions directly from the…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.