Multimillion-pound funding for carbon capture firm

A Leeds-based company that designs chemical processes for carbon dioxide (CO2) removal has completed a multimillion-pound funding round.

Northern Gritstone has invested in C-Capture as part of a funding round of up to £10m, alongside existing investors bp Ventures, Drax and Kiko Ventures, with the potential for additional investors to follow.

C-Capture was formed in 2009 as a spin-out from the School of Chemistry at the University of Leeds with initial funding from IP Group. It has since won backing from private investors and from the UK Government to develop its carbon capture technology, which can prevent CO2 emissions from industrial processes from entering the atmosphere.

C-Capture uses new, proprietary solvents to remove carbon dioxide emissions at source, with the aim of providing a safer, more efficient, and more cost-effective alternative to current technologies based on traditional chemistries.

The investment is set to support C-Capture's technology commercialisation strategy, which includes further testing of its one tonne per day, fully-integrated carbon removal pilot plant that is currently operating at Drax power station in Yorkshire.

The funding will also be used to scale up C-Capture's technology through the development of a commercial demonstration plant which will capture about 100-200 tonnes of carbon dioxide per day.

Read more: Multimillion-pound funding for carbon capture firm | Insider Media