Seabound

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/

Seabound makes breakthrough with carbon capture tech on Hapag-Lloyd boxship

Seabound, a pioneering company based in the United Kingdom specializing in carbon capture solutions tailored for the shipping sector, has achieved a significant milestone by successfully trialling its innovative carbon capture technology on a commercial container ship.

“Our pilot project demonstrates that we can capture carbon emissions directly onboard ships simply and cost-effectively,” stated Alisha Fredriksson, CEO and Co-Founder of Seabound.

In collaboration with the global shipping firm...

https://container-news.com/seabound-makes-breakthrough-with-carbon-capture-tech-on-hapag-lloyd-boxship/