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Carbon Clean raises $8 million through Series B extension with CEMEX as a new investor

Advertisement Carbon Clean, a company developing cost-effective carbon dioxide capture and separation technology, has announced that it has raised US$8 million from new investor CEMEX and existing investors Equinor Ventures, ICOS Capital, and WAVE Equity Partners. The capital raise extends Carbon Clean’s successful US$22 million Series B investment round announced in July 2020, bringing the total value of the round to US$30 million. San Pedro, Mexico-based CEMEX, a global leader in the building materials industry, announced earlier this year its US operations were awarded a grant from the US Department of Energy (DOE) to research, engineer, and develop a pilot for a breakthrough carbon capture unit. The project, anchored to CEMEX’s Victorville, California, cement plant, will also work in tandem with Carbon Clean on cost-competitive solutions to completely close the loop on current carbon emissions.

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