Los Angeles-based Captura has raised $21.5m in an expanded Series A funding round, with investors including Maersk Growth, Eni Next and EDP Ventures. The company will use the funding to commercialise its Direct Ocean Capture (DOC) technology, which captures carbon dioxide (CO2) from the ocean to enable the ocean to draw down more CO2 from the atmosphere. Captured CO2 can be permanently stored or used to make lower greenhouse gas emission fuel. Two pilot plants are in operation in California, with a third planned for installation in Norway.
Post Views: 43Captura Secures $215M Investment Boost from Industry Leaders
