IP Group returned to join corporates BP and Drax for the Leeds CO2 capture spinout’s latest round, taking its total investment in the company to $2.2m since 2009.

C-Capture, a UK-based carbon dioxide capture spinout of University of Leeds, obtained £3.5m ($4.6m) on Tuesday in a round co-led by commercialisation firm IP Group.
BP Ventures, the corporate venturing arm of oil producer BP, also co-led the round, as did energy supplier Drax.
Spun out from University of Leeds’ Department of Chemistry in 2009, C-Capture supplies carbon dioxide (CO2) capture and storage (CCS) systems that remove the toxic gas from flumes produced by industrial facilities such as power stations to help counteract climate change.
C-Capture’s technology differs from conventional CCS approaches in that it utilises solvents free from a highly-reactive material called amine to achieve safety and cost-effectiveness.
The approach is currently being piloted in a CCS system at Drax’s power station in North Yorkshire billed as capable of removing CO2 already present in the atmosphere, a situation termed negative emissions.
The cash injection…

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