Aqualung Carbon Capture, an Oslo, Norway-based membrane carbon dioxide (CO2) capture and separation technology company, closed its Phase 1 2025 funding round.
Backers include Aqualungās Joint Development Agreement (JDA) partner, one of the largest global membrane manufacturers, along with other strategic investors including Liquid Gas Equipment Ltd (LGE), Tupras Ventures, and Delek Innovation, the CVC of Delek (US) Holdings.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Andrew Robbins, Aqualung develops a comprehensive carbon capture to sequestration solution that is economically viable across a range of industries.
Over the past four years, its pilot units have demonstrated its non-pressurized facilitated transport membrane solution to be cost effective and applicable across various industries, including natural gas processing, lime kilns, and waste-to-energy applications. These units will continue to underpin the commercial roll out of its large-scale solution.
FinSMEs
25/04/2025