Ambiente
Aqualung Carbon Capture AS successfully completes $10m equity round with strategic investors
Aqualung will initiate this scale up in collaboration with Standard Lithium at a CO capture Pilot Plant (see news release September 14, 2021 ), which will demonstrate the efficacy of our technology on low CO2 concentration levels. This Pilot will unlock a significant number of hard-to-abate emitters and also set us up to optimize our solution for higher CO2 concentration markets including cement, steel, waste management, refining & petrochemicals sectors. The cost, weight, low complexity, and small footprint advantage has also garnered strong interest from the LNG / maritime sector as confirmed by our strategic investors.
, said: "The successful equity raise establishes the key technology partnerships and the resources necessary to take our ground-breaking concept to the next level. This considerably strengthens Aqualung's unique approach of developing a complete well-to-wake solution for industrial CO2 emitters."
Aqualung is delighted and humbled to have the two leading investors Golar LNG and Standard Lithium join the Aqualung Board. Standard Lithium has been an outstanding partner and supporter of Aqualung. Aqualung is excited to be a part of Standard Lithium's extraction project in Arkansas and look forward to a bright future of CO2 utilization and sequestration projects together. Golar and Aqualung share a strong foundation of technical expertise and support from NTNU, and together are ready to play a decisive role in decarbonizing the LNG supply chain.
commented, "We began working with Aqualung in 2021, and we are confident in its underlying technology and excited to invest in the company's drive to commercialization. One of our goals is minimizing all CO2 emissions, and we look forward to scaling up our existing pilot project with Aqualung in support of this ambition. In addition, I am delighted to join Aqualung's board of directors and actively participate in the company's future."
, said: "We are extremely proud of the partners we have assembled. Aqualung will lean on the entrepreneurial, engineering and scale up experience of our investor group to commercialize and roll out this technology at a pace no one thought was possible. Aqualung endeavours to help emitters turn their sustainability ambitions into reality, accelerating their progress towards 2050 carbon reduction pledges by creating deliverable projects in 2025."
Affordable carbon capture, utilisation and storage (CCUS) projects have a critical role to play in creating a reliable, sustainable and energy independent future. It is one of a host of technology-driven solutions that will be required to tackle global climate change at the pace and scale that is needed.
For more information please contact Andrew Robbins at andrew@aqualung-cc.com , 1-414-732-8227
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