C-Capture secures up to £10m from Northern Gritstone and existing investors to scale carbon capture technology
Northern Gritstone led the funding round, which will support the commercialisation of the company's carbon removal technology.
Share allotment filed at Companies House
C-Capture designs chemical processes for carbon dioxide removal and decarbonisation. The company offers a solvent-based technology aimed at industrial emissions sources.
Leeds-based C-Capture has secured up to £10m in funding to commercialise its carbon removal technology. The round was led by Northern Gritstone, with participation from existing backers including bp Ventures, Drax, and Kiko Ventures.
The fresh capital will support the testing of the company's pilot plant at the Drax power station in Yorkshire and fund the delivery of a larger commercial demonstration plant capable of capturing up to 200 tonnes of carbon dioxide per day. The investment follows recent government commitments to support carbon capture clusters across the UK.
From the founder
"There has never been a more critical time to take action – decisive action – against climate change than right now. This investment brings us one step closer to realising our mission of mitigating climate change by allowing our team to focus on scaling our technology. From our first meeting with Duncan and his team, we knew that our priorities and values are very much aligned so we’re very pleased to welcome Northern Gritstone as an investor. With their expertise in backing visionary companies in the North of England, I see a very bright future ahead of us."
Tom White
CEO at C-Capture
Investor perspective
"Carbon capture is critical for the energy transition and C-Capture’s unique technology has the potential to be applied at scale around the world as part of the global drive to tackle climate change. The company is a testament to how the world-leading science in the North of England could shape the world for the better. We look forward to joining forces with Tom and his team, and the company’s existing shareholders, as C-Capture looks to further scale its technology, helping global efforts to address climate change."
Duncan Johnson
chief executive, Northern Gritstone
Use of funds
- 01Continue product development
- 02Scale operations