CCSL will use the proceeds from the Marubeni and Chevron Technology Ventures-backed round to advance its carbon capture project pipeline.
UK-based carbon dioxide (CO2) capture technology developer Carbon Clean Solutions (CCSL) closed a $16m funding round yesterday that included oil and gas supplier Chevron and trading conglomerate Marubeni.
Private equity firm Wave Equity Partners also participated in the round while Chevron invested through its Chevron Technology Ventures unit.
Founded in 2009, CCSL is developing technology intended to capture and separate CO2 from industrial plant emissions, flue gases or waste-to-energy systems on a large scale so it can be stored and…
