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Carbon Clean Solutions closes $22 million Series B round with Equinor and ICOS as new investors

Jul 02, 2020•about 5 years ago

Amount Raised

$22 Million

Round Type

series b

London

Description

Carbon Clean Solutions Limited (CCSL), a leader in low-cost carbon dioxide (CO2) capture and separation technology, is pleased to announce the completion of a new equity investment of $22 million from a Series B investment round with Equinor Ventures (EV) and ICOS Capital (ICOS). EV and ICOS join the three global investors, WAVE Equity Partners, Chevron Technology Ventures, and Marubeni Corporation, who injected $16m into CCSL in February.

Company Information

Company

Carbon Clean Solutions

Location

London, Ontario, Canada

About

Carbon Clean Solutions Limited (CCSL) is a global leader in low-cost carbon dioxide (CO2) separation technology for industrial and gas treating applications. The company’s patented APBS technology significantly reduces the costs and environmental impacts of CO2 separation, when compared to existing techniques. CCSL’s research was funded by competitive grants, and the company was awarded a ‘Technology Pioneer’ award by the World Economic Forum in 2015. The technology has been proven at demonstration scale in over 10 locations, including the UK, USA, Germany, India, Norway and the Netherlands, and is currently in use at the world’s largest industrial-scale carbon capture and utilisation plant in Tuticorin, India. CCSL is headquartered in London and also operates offices in India and the United States.

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