cleaning up
Houston co. enters new carbon capture collaboration focused on biofuels industry
Carbon Clean, a carbon capture company whose North American headquarters is in Houston, has forged a deal with a contractor to build modular carbon capture containers for the agricultural sector.
The company, based in the United Kingdom, says its tentative partnership with Merrill, Wisconsin-based AGRA Industries should speed up adoption of Carbon Clean’s CaptureX technology in the biofuel industry.
Carbon Clean’s technology has been installed at 49 sites around the world. Eighty percent of the sites have prefabricated modular carbon-capture containers, reducing construction and installation time.
The partnership will enable customers to capture CO2 released during the biofuel fermentation stage, enabling the production of fuels with lower carbon-intensity ratings. This will improve the ability of biofuel producers to claim federal tax credits, Carbon Clean says.
“Carbon Clean’s collaboration with AGRA Industries is a win-win for biofuel producers. Customers will benefit from the expertise of a leading agricultural engineering specialist and our modularized, innovative carbon capture technology that is cost-effective and simple to install,” Aniruddha Sharma, chair and CEO of Carbon Clean, says in a news release.
Carbon Clean’s customers include companies in the cement, steel, refinery, and energy-to-waste sectors.
Among the investors in Carbon Clean, founded in 2019, are Chevron, Samsung Ventures, Saudi Aramco Energy Ventures, and WAVE Equity Partners. To date, the company has raised $260 million in funding, according to data platform Tracxn.
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