logo
logo

C-Zero Closes $34 Million Financing Round Led By Sk Gas To Build Pilot Natural Gas Decarbonization Plant

Jun 16, 2022over 3 years ago

Amount Raised

$34 Million

Santa Barbara

Description

C-Zero Inc., a clean energy company that has developed a technology for natural gas decarbonization, announced today that it has closed a $34 million dollar financing round led by SK Gas, a subsidiary of South Korea’s second-largest conglomerate, the SK Group. SK Gas was joined by two other new investors - Engie New Ventures and Trafigura, one of the world’s largest physical commodities trading companies - in addition to participation from all existing investors including Breakthrough Energy Ventures, Eni Next, Mitsubishi Heavy Industries and AP Ventures.

Company Information

Company

C Zero

Location

Santa Barbara, California, United States

About

C-Zero is commercializing a proprietary process for transforming natural gas into clean hydrogen and a solid carbon co-product. For more information, visit www.czero.energy.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech