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The investment includes a $10.64 million commitment made by ING Corporate Investments. The deal also includes a further $5.32 million co-investment from existing shareholders Shell Ventures, Chevron Technology Ventures, Evonik Venture Capital and HydrogenOne Capital Growth Plc (HydrogenOne).
RepAir, an Israeli company, has developed a solution that operates at ambient temperatures and is powered exclusively by renewable energy.
RepAir Carbon Capture claims that its electrochemical method is cheaper, more energy-efficient, and more scaleable than competitors'
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Technology and innovation lie at the heart of many solutions and Carbon Capture, Utilisation and Storage could have a role to play.