C-Capture News

C-Capture’s founder, Professor Chris Rayner, speaks to The Chemical Engineer

C-Capture’s founder, Professor Chris Rayner, speaks to The Chemical Engineer about carbon capture and storage, the advantages of non-amine based carbon capture solvents, the important work C-Capture are doing in collaboration with Drax in working towards negative emissions, and the relative merits of carbon utilisation vs storage https://www.thechemicalengineer.com/features/capturing-co2-with-c-capture/

C-Capture featured in National Grid ESO Future Energy Scenarios Report

National Grid ESO have released their Future Energy Scenarios Report which outlines credible pathways for the future of energy – each scenario considers how much energy we might need and where it could come from.

Bioenergy with carbon capture and storage (BECCS) is necessary if we are to achieve net zero carbon emissions by 2050. C-Capture’s pilot project at the UK’s largest power station is highlighted in the report as an important step in the wide scale deployment of BECCS.

C-Capture’s founder Chris Rayner said “C-Capture are delighted to see their pilot project featured in the report on Future Energy Scenarios by National Grid ESO. The importance of scalable negative emissions technologies, such as the BECCS work we are trialling at Drax, is recognised as being particularly valuable as an approach for offsetting very hard to decarbonise emissions, for example aviation. Such technologies are vital if we are to achieve the net zero target by 2050. All of us at C-Capture are proud to be playing a crucial role in addressing the current climate emergency.”

http://fes.nationalgrid.com/fes-document/

£5M Boost to Scale up Ground-Breaking Carbon Capture Pilot at Drax, UK’s Largest Power Station

C-Capture pipe system

C-Capture, the designer of world-leading and innovative chemical processes for carbon dioxide removal, and working alongside the Drax Group, has secured a £5m grant from the UK Government for a two year programme of work to progress their bioenergy and carbon capture and storage (BECCS) project at Drax Power Station.

The funding will be used by Leeds-based C-Capture and Drax’s Innovation team to further develop its understanding of how C-Capture’s technology could be scaled up at Drax in North Yorkshire, to become the world’s first negative emissions power station in the 2020s – effectively removing the greenhouse gas carbon dioxide from atmosphere at the same time as electricity is being produced. The company, which was established out of Leeds University’s School of Chemistry, has been working with Drax Group on its successful BECCS project, which started capturing carbon dioxide from February, proving the technology works.

The work being undertaken over the next two years includes:

  • An extension of C-Capture’s existing pilot facilities at Drax Power Station.
  • Plant performance optimisation trials
  • A chemistry validation and testing programme with world-class research partners SINTEF and the CO2 Technology Centre Mongstad, in Norway.
  • Process design development to move towards commercial scale deployment, including re-purposing the existing Drax infrastructure for BECCS.

This award represents a vote of confidence in the scheme and will give C-Capture and Drax Group a clearer understanding of how the technology could be scaled up in the 2020s, enabling Drax Power Station to capture and store up to 16 million tonnes of carbon dioxide each year.

The funding has been awarded by the Department of Business, Energy and Industrial Strategy (BEIS) through its Carbon Capture Utilisation and Storage (CCUS) Innovation Programme.

Minister for Energy and Clean Growth, Chris Skidmore, said: “Cutting edge technology to capture carbon will cut emissions as we work towards a net zero economy while creating new jobs – a key part of our modern Industrial Strategy.  This innovative project from C-Capture and Drax represents a major milestone in efforts to rollout carbon capture at scale by the 2030s.”

Caspar Schoolderman, COO and Project Lead at C-Capture said: “The on-going support from BEIS and our shareholders – BP, Drax and IP Group – has allowed C-Capture to build a team with unique skills and capabilities. The technology that we have developed is a game changer for carbon capture. Drax Group’s expertise in re-purposing existing infrastructure and C-Capture’s novel CCUS solution could allow the cost-effective deployment of BECCS for the first time on an industrial scale anywhere in the world.”

Aimed at supporting projects which can help deliver cost effective carbon capture initiatives which could then be used in industrial applications, the BEIS funding will help the UK to lead the world in developing CCUS technologies.

Will Gardiner, Drax Group CEO, said: “If we scale C-Capture’s BECCS technology up at Drax across all four of our biomass generating units, the impacts will be far reaching. As the world’s first negative emissions power station, Drax could become the ‘anchor’ for a CCS network in the Humber region, capturing carbon from other nearby industrial emitters as well as our own CO2. C-Capture’s technology could enable us to not only make a real impact on reducing our own carbon emissions, but also to deliver clean growth and jobs across the north, as well as new export opportunities for the UK making this project of major significance globally.”

If Drax’s BECCS pilot can be scaled up to deliver negative emissions, Drax Power Station would be helping to remove gases that cause global warming from the atmosphere at the same time as electricity is produced.  Drax Power Station is already the largest decarbonisation project in Europe having converted two thirds of its generating units to use biomass instead of coal.

C-Capture Recognised as a Global Innovator & Visionary by Independent Panel or Experts

C-Capture Recognised as a Global Innovator & Visionary by Independent Panel or Experts

C-Capture, the designer of world-leading chemical processes for carbon dioxide removal, has been recognised by a panel of independent experts as one of the most innovative and cutting-edge companies in the UK.  C-Capture has been listed in the Sunday Times Volvo Visionaries 2019, which focuses on leading humanitarians, utopians, environmentalists and innovators, published by The Times and Sunday Times (https://www.thetimes.co.uk/spon/volvo-visionaries/).

C-Capture’s pioneering solution is designed to remove harmful carbon dioxide emissions from power stations as well as from cement, steel, aluminium and other industrial facilities.  It uses biodegradable chemical solvents to remove carbon dioxide, offering a safer and more cost-effective alternative to current technologies.

The company’s technology has a major role to play in mitigating the global impacts of climate change as well as contributing to the UK’s own efforts to reduce greenhouse gas emissions and achieve “net zero” carbon by 2050, as recommended by the UK’s Committee on Climate Change.

C-Capture is currently conducting a demonstration project at Drax Power Station in North Yorkshire, which when scaled up, will remove carbon dioxide from emissions produced by Drax’s four generating units that are fuelled by sustainable biomass.

The bioenergy carbon capture and storage (BECCS) project at Drax, which is the first of its kind in the world to capture carbon from a 100% biomass feedstock, is highly significant because it has the capacity to produce negative emissions. This means that at the same time as renewable power is produced, Drax would be helping to reduce the amount of CO2 accumulating in the atmosphere, making an important contribution to efforts to combat climate change.

Professor Chris Rayner, Founder of C-Capture, said: “It’s great to have independent recognition of our ground-breaking work, and be listed alongside other pioneering companies and inspiring people from other sectors.  Everyone in the team at C-Capture contributes to this success. In particular, our COO and Director of Engineering Caspar Schoolderman and Dr Doug Barnes, our Head of Chemistry, have really led the major breakthroughs in our technology development, to enable the company to reach this incredibly exciting stage.”

“With the support of our investors, we are focused on the BECCS project at Drax as well as developing our technology for deployment on new and larger projects in the UK and overseas. We are hugely excited about the future as CO2 removal is crucial in the battle to reduce carbon emissions from power stations and industrial processes in the UK and indeed across the world.”

The Sunday Times Volvo Visionaries 2019 listing follows the recent £3.5m investment in C-Capture made by BP Ventures, Drax and IP Group, announced in February of this year. C-Capture, which is based in Leeds, was formed in 2009 as a spin-out from the Department of Chemistry at Leeds University and has to date received £2.2m grant support from the UK Government (the Department of Business, Energy and Industrial Strategy) through its Energy Entrepreneurs Fund, with further support from the CO2 Capture Project.

In May 2019, the UK’s Committee on Climate Change, in its “Net Zero: the UK’s contribution to stopping global warming” report, said that the UK Government must “make firm plans” for Carbon Capture & Storage (CCS) technology in order to cut emissions.  The CCC said that CCS is “crucial to the delivery of zero greenhouse gas emissions and strategically important to the UK economy.” C-Capture has the opportunity to play a unique role in this hugely important transition to a zero-carbon economy.

For further information, please visit www.c-capture.co.uk or contact:

C-Capture Ltd (twitter @C_CaptureCO2)
Professor Chris Rayner, Founder: 0113 343 6579 / c.rayner@c-capture.co.uk
Dr Helen Atkinson, Business Development Manager: /  h.atkinson@c-capture.co.uk
or
Paul Taylor (Taylor Keogh Communications): 020 8392 8250 / paul@taylorkeogh.com

Bioenergy International – C-Capture raises £3.5 million in funding round led by BP, Drax and IP Group

Bioenergy International

6th February 2019

C-Capture raises £3.5 million in funding round led by BP, Drax and IP Group

C-Capture raises £3.5 million in funding round led by BP, Drax and IP Group

In the United Kingdom (UK), C-Capture, the designer of world-leading chemical processes for carbon dioxide (CO2) removal, has raised GBP 3.5 million (≈ EUR 3.9 million) in new equity funding in a round led by BP Ventures, Drax, and IP Group.

According to Drax, the funding strongly underlines the credibility of C-Capture’s technology as the company positions itself to help mitigate climate change by providing systems that remove carbon dioxide (CO2) emissions from power stations and cement, steel and aluminium facilities.

At Drax we are focused on enabling a zero-carbon, lower-cost energy future, and want to take advantage of the environmental and business opportunities created by a growing net zero carbon economy. The innovative technology C-Capture has developed and is piloting at Drax Power Station is putting the UK on the map when it comes to carbon capture and global efforts to tackle climate change. This investment gives us a long-term commercial agreement to work together with them, said Will Gardiner, CEO of Drax Group.

C-Capture is currently conducting a demonstration project at Drax Power Station in North Yorkshire, which will remove CO2 from emissions produced by generating electricity from sustainable biomass. The project, which is the first of its kind in Europe, is highly significant because it has the capacity to produce negative emissions, whereby CO2 is removed from the atmosphere and stored.

We’re delighted that Drax, IP Group and now BP have all seen that our unique technology has the potential to be applied at scale around the world as part of the global drive to tackle climate change. We’re all very excited about the pilot project with Drax, and also that this new funding will help to develop our technology for use across a range of industries. We are looking carefully at the broader market for our carbon capture technology, which includes not just power generation but also the production of cement, steel, and aluminium, as well as biogas, across a range of territories including India and China, said Tristan Fischer, Chairman of C-Capture.

Fund larger CCS projects

C-Capture will use the new funding to further develop the technology, support larger pilot projects in other industries, and increase marketing globally. C-Capture’s technology uses new proprietary solvents to remove CO2, offering a safer and less expensive alternative to current technologies based on the use of amines.

It provides a means to make the removal of CO2 significantly more economic from a range of large- scale processes, such as power generation from coal, gas, and biomass, and the production of cement, steel, and aluminium.

BP believes carbon capture, use, and storage has a key role to play in reducing emissions, in line with global climate ambitions. C-Capture’s technology could reduce the cost of capturing carbon dioxide. Our investment in C-Capture supports our ambition to advance the energy transition, and we look forward to working with them to explore opportunities to trial their technology, said David Eyton, BP’s Group Head of Technology.

Carbon capture and storage (CCS) is widely regarded as an essential component of strategies to combat climate change – both by removing carbon dioxide from processes that use fossil fuels and producing negative carbon dioxide emissions from power generation that uses biomass.

C-Capture provides new, world-leading technology for capturing carbon dioxide from large-scale emissions. It has great potential to address climate change by facilitating negative emissions. This funding round further shows IP Group’s ability to build world-changing companies on the back of cutting-edge science. BP and Drax are excellent partners to work with as C-Capture looks to take its technology to global markets, said Ben Murphy, Cleantech Investment Manager at IP Group.

The UK government is committed to developing and deploying CCS technology to cut emissions. C-Capture, based in Leeds, was formed in 2009 as a spin-out from Leeds University with funding from IP Group and has raised over GBP 2.2 million from the UK government and GBP 1.7 million from IP Group so far to develop its technology.

We’re confident that our bioenergy carbon capture and storage (BECCS) pilot project will be successful, and if we scale it up, it could enable Drax to become the world’s first negative emissions power station. This significant milestone means the power we produce would help to reduce the carbon dioxide accumulating in the atmosphere, ended Will Gardiner.

Renewables Now – CO2 removal expert C-Capture bags GBP 3.5m in funding

Renewables Now

6th February 2019

https://renewablesnow.com/news/co2-removal-expert-c-capture-bags-gbp-35m-in-funding-642035/

CO2 removal expert C-Capture bags GBP 3.5m in funding

C-Capture, a chemicals producer that specialises in carbon dioxide (CO2) removal, has raised GBP 3.5 million (USD 4.5m/EUR 4m) in an equity funding round led by UK power producer Drax Group Plc (LON:DRX), BP Ventures and IP Group.

Leeds-based C-Capture, formed in 2009 as a spin-out from Leeds University, provides systems that eliminate CO2 emissions from power stations and cement, steel and aluminium plants. The company is currently executing a demonstration project at the Drax Power Station in North Yorkshire, which runs on biomass.

The carbon capture expert plans to use the proceeds from the funding round to further develop its technology, undertake larger pilot projects in other industries and grow marketing around the world.

Will Gardiner, CEO of Drax, commented that the power producer’sinvestment in C-Capture gives it a long-term commercial agreement to work together with the carbon capture specialist.

“We’re confident that our bioenergy carbon capture and storage (BECCS) pilot project will be successful, and if we scale it up, it could enable Drax to become the world’s first negative emissions power station,” he added.

Biomass Magazine – C-Capture raises £3.5M in funding round led by BP, Drax, IP Group

Biomass Magazine

5th February 2019

http://biomassmagazine.com/articles/15923/c-capture-raises-l3-5m-in-funding-round-led-by-bp-drax-ip-group

C-Capture raises £3.5M in funding round led by BP, Drax, IP Group

C-Capture, the designer of world-leading chemical processes for carbon dioxide removal, has raised £3.5 million in new equity funding in a round led by BP Ventures, Drax, and IP Group.

The funding strongly underlines the credibility of C-Capture’s technology as the company positions itself to help mitigate climate change by providing systems that remove carbon dioxide emissions from power stations and cement, steel and aluminum facilities.

C-Capture is currently conducting a demonstration project at Drax Power Station in North Yorkshire, which will remove carbon dioxide from emissions produced by generating electricity from sustainable biomass. The project, which is the first of its kind in Europe, is highly significant because it has the capacity to produce negative emissions, whereby carbon dioxide is removed from the atmosphere and stored.

C-Capture will use the new funding to further develop the technology, support larger pilot projects in other industries, and increase marketing globally. Carbon capture and storage (CCS) is widely-regarded as an essential component of strategies to combat climate change—both by removing carbon dioxide from processes that use fossil fuels and producing negative carbon dioxide emissions from power generation that uses biomass. The U.K. government is committed to developing and deploying CCS technology to cut emissions.

Tristan Fischer, chairman of C-Capture, said, “We’re delighted that Drax, IP Group and now BP have all seen that our unique technology has the potential to be applied at scale around the world as part of the global drive to tackle climate change. We’re all very excited about the pilot project with Drax, and also that this new funding will help to develop our technology for use across a range of industries. We are looking carefully at the broader market for our carbon capture technology, which includes not just power generation but also the production of cement, steel and aluminum, as well as biogas, across a range of territories including India and China.”

C-Capture’s technology uses new proprietary solvents to remove carbon dioxide, offering a safer and less expensive alternative to current technologies based on the use of amines. It provides a means to make the removal of carbon dioxide significantly more economic from a range of large- scale processes, such as power generation from coal, gas and biomass, and the production of cement, steel, and aluminium. C-Capture, based in Leeds, was formed in 2009 as a spin-out from Leeds University with funding from IP Group and has raised over £2.2m from the U.K. government and £1.7 m illion from IP Group so far to develop its technology.

Will Gardiner, CEO of Drax Group, said, “At Drax we are focused on enabling a zero-carbon, lower-cost energy future, and want to take advantage of the environmental and business opportunities created by a growing net zero carbon economy. The innovative technology C-Capture has developed and is piloting at Drax Power Station is putting the U.K. on the map when it comes to carbon capture and global efforts to tackle climate change. This investment gives us a long-term commercial agreement to work together with them.

 

“We’re confident that our bioenergy carbon capture and storage (BECCS) pilot project will be successful, and if we scale it up, it could enable Drax to become the world’s first negative emissions power station. This significant milestone means the power we produce would help to reduce the carbon dioxide accumulating in the atmosphere.”

David Eyton, BP’s group head of technology said, “BP believes carbon capture, use and storage has a key role to play in reducing emissions, in line with global climate ambitions. C-Capture’s technology could reduce the cost of capturing carbon dioxide. Our investment in C-Capture supports our ambition to advance the energy transition, and we look forward to working with them to explore opportunities to trial their technology.”

Ben Murphy, Cleantech Investment Manager at IP Group plc, said. “C-Capture provides new, world- leading technology for capturing carbon dioxide from large-scale emissions. It has great potential to address climate change by facilitating negative emissions. This funding round further shows IP Group’s ability to build world-changing companies on the back of cutting-edge science. BP and Drax are excellent partners to work with as C-Capture looks to take its technology to global markets.”

 

Business Link – Carbon capture initiative raises £3.5m of funding to mitigate climate change

Business Link

4th February 2019

Carbon capture initiative raises £3.5m of funding to mitigate climate change

Carbon capture initiative raises £3.5m of funding to mitigate climate change

C-Capture, the designer of chemical processes for carbon dioxide removal, has raised £3.5m in new equity funding in a round led by BP Ventures, Drax, and IP Group.

The funding strongly underlines the credibility of C-Capture’s technology as the company positions itself to help mitigate climate change by providing systems that remove carbon dioxide emissions from power stations and cement, steel and aluminium facilities.

C-Capture is currently conducting a demonstration project at Drax Power Station, which will remove carbon dioxide from emissions produced by generating electricity from sustainable biomass. The project, which is the first of its kind in Europe, is highly significant because it has the capacity to produce negative emissions, whereby carbon dioxide is removed from the atmosphere and stored.

C-Capture will use the new funding to further develop the technology, support larger pilot projects in other industries, and increase marketing globally. Carbon capture and storage (CCS) is widely-regarded as an essential component of strategies to combat climate change – both by removing carbon dioxide from processes that use fossil fuels and producing negative carbon dioxide emissions from power generation that uses biomass. The UK government is committed to developing and deploying CCS technology to cut emissions.

Tristan Fischer, chairman of C-Capture, said: “We’re delighted that Drax, IP Group and now BP have all seen that our unique technology has the potential to be applied at scale around the world as part of the global drive to tackle climate change. We’re all very excited about the pilot project with Drax, and also that this new funding will help to develop our technology for use across a range of industries. We are looking carefully at the broader market for our carbon capture technology, which includes not just power generation but also the production of cement, steel and aluminium, as well as biogas, across a range of territories including India and China.”

C-Capture’s technology uses new proprietary solvents to remove carbon dioxide, offering a safer and less expensive alternative to current technologies based on the use of amines. It provides a means to make the removal of carbon dioxide significantly more economic from a range of large- scale processes, such as power generation from coal, gas and biomass, and the production of cement, steel, and aluminium. C-Capture, based in Leeds, was formed in 2009 as a spin-out from Leeds University with funding from IP Group and has raised over £2.2m from the UK government and £1.7m from IP Group so far to develop its technology.

Will Gardiner, CEO of Drax Group, said: “At Drax we are focused on enabling a zero-carbon, lower-cost energy future, and want to take advantage of the environmental and business opportunities created by a growing net zero carbon economy. The innovative technology C-Capture has developed and is piloting at Drax Power Station is putting the UK on the map when it comes to carbon capture and global efforts to tackle climate change. This investment gives us a long-term commercial agreement to work together with them.

“We’re confident that our bioenergy carbon capture and storage (BECCS) pilot project will be successful, and if we scale it up, it could enable Drax to become the world’s first negative emissions power station. This significant milestone means the power we produce would help to reduce the carbon dioxide accumulating in the atmosphere.”

Hull Live – Region’s energy giants invest millions in company plotting carbon capture revival

Hull Live

4th February 2019

https://www.hulldailymail.co.uk/news/business/regions-energy-giants-invest-millions-2508698

 

Region’s energy giants invest millions in company plotting carbon capture revival

BP and Drax have backed Yorkshire business C-Capture, which is spearheading a revival of carbon capture technology in the Humber.

Two of the region’s biggest energy giants have invested millions of pounds into the company which is spearheading carbon capture technology in the Humber.

BP, based at Saltend Chemicals Park, and Drax have both giving a seal of approval to C-Capture, the business currently designing pioneering technology which hopes to remove harmful carbon dioxide from emissions.

C-Capture is currently piloting carbon capture at Drax Power Station, near Goole, as the technology returns to the spotlight after a three-year absence.

BP, Drax and the IP Group have between them pumped £3.5m into C-Capture.

Tristan Fischer, chairman at C-Capture, said: “We’re delighted that Drax, IP Group and now BP have all seen that our unique technology has the potential to be applied at scale around the world as part of the global drive to tackle climate change.

“We’re all very excited about the pilot project with Drax, and also that this new funding will help to develop our technology for use across a range of industries.

“We are looking carefully at the broader market for our carbon capture technology, which includes not just power generation but also the production of cement, steel and aluminium, as well as biogas, across a range of territories including India and China.”

Carbon capture aims to remove carbon dioxide emissions before they are released into the atmosphere.

The emissions can either be stored in underground rock formations, or can be used in sectors such as drinks manufacturing.

Business bosses including Humber LEP chair Lord Haskins have backed the technology, which could one day “revolutionise” the region’s economy.

It was actually around a decade ago since the potential of carbon capture was realised in the Humber.

Talks were held over storing carbon in the North Sea’s depleted gas and oil chambers.

Years went by, but in 2015 Drax was dealt a major blow when Government funding for its carbon capture project was withdrawn, despite £100m already having been spent on proposals.

Now, carbon capture is back on the radar.

David Eyton, BP’s group head of technology, said: “BP believes carbon capture, use and storage has a key role to play in reducing emissions, in line with global climate ambitions.

 

“C-Capture’s technology could reduce the cost of capturing carbon dioxide.

“Our investment in C-Capture supports our ambition to advance the energy transition, and we look forward to working with them to explore opportunities to trial their technology.”

C-Capture will use the new funding to further develop the technology, support larger pilot projects in other industries, and increase marketing globally.

Carbon Capture Journal – C-Capture raises £3.5m in funding round led by BP, Drax and IP Group

Carbon Capture Journal

C-Capture raises £3.5m in funding round led by BP, Drax and IP Group

4th February 2019

http://www.carboncapturejournal.com/news/c-capture-raises-35m-in-funding-round-led-by-bp-drax-and-ip-group/4127.aspx

 

Capture is currently conducting a demonstration project at Drax Power Station in North Yorkshire, which will remove carbon dioxide from emissions produced by generating electricity from sustainable biomass.

The project, which is the first of its kind in Europe, is highly significant because it has the capacity to produce negative emissions, whereby carbon dioxide is removed from the atmosphere and stored.

C-Capture will use the new funding to further develop the technology, support larger pilot projects in other industries, and increase marketing globally. The UK government is committed to developing and deploying CCS technology to cut emissions.

Tristan Fischer, chairman of C-Capture, said: “We’re delighted that Drax, IP Group and now BP have all seen that our unique technology has the potential to be applied at scale around the world as part of the global drive to tackle climate change. We’re all very excited about the pilot project with Drax, and also that this new funding will help to develop our technology for use across a range of industries. We are looking carefully at the broader market for our carbon capture technology, which includes not just power generation but also the production of cement, steel and aluminium, as well as biogas, across a range of territories including India and China.”

C-Capture’s technology uses new proprietary solvents to remove carbon dioxide, offering a safer and less expensive alternative to current technologies based on the use of amines. It provides a means to make the removal of carbon dioxide significantly more economic from a range of large-scale processes, such as power generation from coal, gas and biomass, and the production of cement, steel, and aluminium. C-Capture, based in Leeds, was formed in 2009 as a spin-out from Leeds University with funding from IP Group and has raised over £2.2m from the UK government and £1.7m from IP Group so far to develop its technology.

Will Gardiner, CEO of Drax Group, said: “At Drax we are focused on enabling a zero-carbon, lower-cost energy future, and want to take advantage of the environmental and business opportunities created by a growing net zero carbon economy. The innovative technology C-Capture has developed and is piloting at Drax Power Station is putting the UK on the map when it comes to carbon capture and global efforts to tackle climate change. This investment gives us a long-term commercial agreement to work together with them.

“We’re confident that our bioenergy carbon capture and storage (BECCS) pilot project will be successful, and if we scale it up, it could enable Drax to become the world’s first negative emissions power station. This significant milestone means the power we produce would help to reduce the carbon dioxide accumulating in the atmosphere.”

David Eyton, BP’s group head of technology said: “BP believes carbon capture, use and storage has a key role to play in reducing emissions, in line with global climate ambitions. C-Capture’s technology could reduce the cost of capturing carbon dioxide. Our investment in C-Capture supports our ambition to advance the energy transition, and we look forward to working with them to explore opportunities to trial their technology.”

Ben Murphy, Cleantech Investment Manager at IP Group plc, said: “IP Group has been involved with the company from the outset and we’re delighted to see C-Capture winning the recognition we feel the technology merits. C-Capture’s technology is world-leading, with exceptional potential to mitigate climate change. That BP and Drax have chosen to invest in the business is further strong validation of C-Capture’s technology. IP Group is delighted to support the team with this fundraising and remains extremely excited about C-Capture’s prospects.”