The gas separation specialist will work with investors to advance a test model of its carbon sequestration system, which helps to collect industrial carbon dioxide.
Canada-based carbon capture technology company Inventys Thermal Technologies raised an undisclosed amount of financing on Wednesday from investors including conglomerate Mitsui and energy company Chevron.
Mitsui Global Investment, a corporate venturing subsidiary of Japan-based Mitsui, and Chevron’s corporate venturing unit Chevron Technology Ventures invested alongside venture capital firms Roda Group and Chrysalix Energy Venture Capital.
Inventys is developing gas separation technology that could prove crucial in separating carbon dioxide from industrial flue gas once it has been combusted. It will…