emissions capture

STAX Engineering raises $70M, starts carbon capture trials

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/

STAX Engineering wins five-year tanker emissions capture contract

From January 2025, California Air Resources Board (CARB) at-berth emissions regulations will apply to tankers calling at the Port of Los Angeles and the Port of Long Beach. That has brought Long Beach, Calif.-headquartered maritime emissions capture specialist STAX Engineering a r contract that will see it capturing emissions from tankers calling at Shell’s Mormon Island Terminal in the Port of Los Angeles.

Under a five-year agreement with Equilon Enterprises LLC d/b/a Shell Oil Products US...

https://www.marinelog.com/legal/environment/stax-engineering-wins-five-year-tanker-emissions-capture-contract/