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UK Startup Raises $150 Million in Largest Round for Carbon Capture

Carbon Clean Solutions has built a modular unit that it hopes can lower the cost of capture to merely $30 a ton.

Carbon Clean Solution's reactor that traps carbon dioxide from effluent gases.

Carbon Clean Solution's reactor that traps carbon dioxide from effluent gases.

Source: Carbon Clean Solutions

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A London-based startup that makes small, modular units to capture carbon emissions from smokestacks has raised $150 million from investors that include the venture arms of Chevron Corp., Saudi Arabian Oil Co., and Samsung Group.

Carbon Clean Solutions Ltd. has tested its technology at more than 40 sites around the world, and says it can capture as much as 97% of carbon dioxide released by steel and cement factories and power plants.