Carbon America Has Received Funding to Advance Its Systems
Colin Smith — January 17, 2022 — Eco
References: carbonamerica & businesswire
'Carbon America' is the first vertically integrated carbon capture and sequestration (CCS) super developer in the ever-growing carbon capture industry. On December 14th, Carbon America announced several high-profile financial backers that contributed a total of $30 million to fund its carbon capture technology. Some of these investors include the Canada Pension Plan Investment Board and ArcTern Ventures.
Carbon America hopes to advance and upscale its carbon capture technology for use across North America. The company hopes to target the largest contributors to climate pollution and mitigate their emissions as quickly as possible. Each of the investors has noted industries that they are most interested in, such as supply chain emissions or cement and steel industry emissions.
Carbon America is continuing its scale-up and advancement initiatives through 2022 with hopes to bring its carbon capture strategies to market as quickly as possible.
Image Credit: Shutterstock
Carbon America hopes to advance and upscale its carbon capture technology for use across North America. The company hopes to target the largest contributors to climate pollution and mitigate their emissions as quickly as possible. Each of the investors has noted industries that they are most interested in, such as supply chain emissions or cement and steel industry emissions.
Carbon America is continuing its scale-up and advancement initiatives through 2022 with hopes to bring its carbon capture strategies to market as quickly as possible.
Image Credit: Shutterstock
Trend Themes
1. Vertical Integration of Carbon Capture Systems - Carbon America's vertically integrated carbon capture and sequestration (CCS) system provides a disruptive innovation opportunity to streamline and optimize the complex CCS process.
2. Targeting Largest Contributors to Climate Pollution - Carbon America's focus on targeting the largest contributors to climate pollution provides a disruptive innovation opportunity to reduce greenhouse gas emissions on a large scale.
3. Advancement of Carbon Capture Technology - Carbon America's initiative to advance and upscale carbon capture technology provides a disruptive innovation opportunity to reduce carbon emissions more efficiently.
Industry Implications
1. Energy - Carbon America's carbon capture technology has the potential to disrupt the energy industry by providing a way to mitigate carbon emissions from fossil fuel-based energy sources.
2. Manufacturing - Carbon America's partnership with investors interested in supply chain emissions, cement, and steel industry emissions provide a disruptive innovation opportunity to reduce carbon emissions across the manufacturing industry.
3. Finance - Investment in carbon capture technology such as Carbon America's presents a disruptive innovation opportunity for the finance industry to invest in solutions that address climate change and reduce carbon emissions.
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