A B.C. company that has developed a way to capture carbon in the atmosphere is cleaning up in its own right with the close of a US$68-million equity financing round. Squamish company Carbon Engineering (CE) has raised $ 68 m in an equity financing round. Chevron Technology Ventures has developed a direct air carbon capture method, and is currently designing its first commercial plants, with their locations scheduled to be revealed later this year . The latest investment will be used to accelerate the commercialisation process, as well as improve its Canadian test facility.
Squamish company Carbon Engineering (CE) has raised $ 68 m in an equity financing round. Chevron Technology Ventures has developed a direct air carbon capture method, and is currently designing its first commercial plants, with their locations scheduled to be revealed later this year . The latest investment will be used to accelerate the commercialisation process, as well as improve its Canadian test facility.