C-Capture, a designer of chemical processes for carbon dioxide removal and a spin-out from Leeds University, has raised £3.5 million (US$4.5M) in new equity funding in a round led by BP Ventures, Drax, and IP Group.
C-Capture has patented a unique, amine-free solvent-based technology which offers a safe, low-cost way to remove carbon dioxide from emissions sources such as power stations, industrial plants and anaerobic digestion for positive environmental benefit. In May 2018, C-Capture announced a partnership with Drax Group to run a pilot of its technology at the North Yorkshire power station, which will see carbon dioxide captured from biomass used in power generation, and show how C-Capture’s technology can be used as part of a process to remove existing carbon dioxide from the atmosphere (BECCS).
C-Capture is currently conducting a demonstration project at Drax Power Station in North Yorkshire, which will remove carbon dioxide from emissions produced by generating electricity from sustainable biomass. The project, which is the first of its kind in Europe, is highly significant because it has the capacity to produce negative emissions, whereby carbon dioxide is removed from the atmosphere and stored.
C-Capture will use the new funding to further develop the technology, support larger pilot projects in other industries, and increase marketing globally.