C-Capture has completed an £8 million funding round supported by existing shareholders IP Group, Drax, and bp Ventures, with additional funding from the British Business Bank’s Future Fund, to support its carbon capture technology, described by its developer as ‘groundbreaking’.
Tom White, C-Capture CEO, commented: “Additional investment from our shareholders supports C-Capture in further optimising its carbon capture technology, improving performance whilst driving down costs. The benefits our technology can offer over current state-of-the-art carbon capture technologies may help deployment across a range of sectors to be accelerated. Securing this round of investment allows our technical team to really focus on developing a product that will change the way the world thinks about carbon capture.”
C-Capture’s technology has not been fully disclosed but is said to use new proprietary solvents to remove carbon dioxide, offering a safer and less expensive alternative to technologies based on the use of amines. It provides a means to remove carbon dioxide by a significantly more economic method from a range of large-scale processes such as power generation from coal, gas and biomass, and the production of cement, steel, and aluminium.