Carbon Engineering Ltd., a Canadian clean energy company, has announced the completion of an equity financing round of $68m, marking the largest private investment made into a Direct Air Capture (DAC) company to date.
The $68m financing will allow Carbon Engineering to commercialise and enter mainstream markets with its fully demonstrated DAC technology that is able to capture and purify atmospheric carbon dioxide (CO2) for under $100 per tonne.
“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,” said Steve Oldham, CEO of Carbon Engineering.
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