Wednesday, October 20, 2021

Carbon Capture Picks Up $35M

Pasadena-based Carbon Capture, a new startup which says it is developing machines that remove CO2 directly from the atmosphere, has raised $35M in a Series A funding round. the funding came from Prime Movers Lab, Rio Tinto, Idealab Studio, and Marc Benioff's TIME Ventures, along with others. The company said it has named Adrian Corless as CEO of the company as part of the funding. The company said it is developing renewable energy powered, direct CO2 capture systems, with the first system located at the Tamarack Nickel Project in central Minnesota in partnership with mining companies Rio Tinto PLC and Talon Metals Corp.