Long Beach, Calif.-headquartered maritime emissions capture specialist STAX Engineering reports that it has raised $70 million in funding and is launching carbon capture trials with onboard carbon capture technology innovator Seabound.
STAX says that the $70 million investment—$60 million in debt financing provided by Firstime Credit and Deutsche Bank Private Credit & Infrastructure and $10 million through a Simple Agreement for Future Equity (SAFE)—will fuel the company’s rapid growth, scaling...
https://www.marinelog.com/news/stax-engineering-raises-70m-starts-carbon-capture-trials/