Chevron completed the investment in Carbon Clean.

Chevron, a company which produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies, completed the investment in Carbon Clean, a company specializing in carbon dioxide recovery technology for industrial purposes. Financial terms were not disclosed. “Chevron’s investment demonstrates interest in our technology, business strategy and rapidly expanding order book. We are seeking to deliver a revolution in carbon capture driven by our modular technology and are thrilled that Chevron shares our vision for the sector. We are working to remove the biggest barriers to the adoption of widespread industrial carbon capture. It is vital that we decarbonise hard-to-abate sectors while developing new low-carbon technologies. This latest investment and our work with partners, such as Chevron, will provide us with the opportunity to deliver exponential growth in carbon capture and meet ever rising demand,” Aniruddha Sharma, Carbon Clean Co-founder and CEO.