Carbon Engineering concludes USD$68 million private investment round and proceeds with commercialization of carbon dioxide removal technology

21 Mar This funding is the largest investment made into Direct Air Capture – a climate change mitigation technology that captures carbon dioxide directly from the atmosphere. Squamish, B.C. (March 21, 2019) – Carbon Engineering Ltd. (CE), a Canadian clean energy company, today announced the completion of an equity financing round of USD$68 million, marking the largest private investment made into a Direct Air Capture (DAC) company to date. With multiple investors now on board, this financing highlights the significant commercial interest in DAC, particularly from the global energy and private investment sectors. This $68M financing will allow CE to commercialize and enter mainstream markets with its fully demonstrated DAC technology that is able to capture and purify atmospheric carbon dioxide (CO 2 ) for under USD$100/tonne. Speaking about the investment, CE’s Chief Executive Officer, Steve Oldham said, “This financing round – the largest of its kind into a DAC company – shows the growing recognition of both the benefits and commercial readiness of our DAC technology. As the world assesses how to address climate change while keeping economies running with the energy they need, our technology can provide a key part of the solution. “CE’s DAC technology can […]

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