Aqualung Carbon Capture Completes Phase 1 Funding Round
Aqualung Carbon Capture, a company based in Oslo, Norway, specializing in membrane carbon dioxide (CO2) capture and separation technology, has successfully closed its Phase 1 funding round for 2025.
Among the investors are Aqualung’s Joint Development Agreement (JDA) partner, a leading global membrane manufacturer, as well as strategic investors such as Liquid Gas Equipment Ltd (LGE), Tupras Ventures, and Delek Innovation, the CVC of Delek (US) Holdings.
The funding will be utilized by the company to enhance its operations and further its development initiatives.
Under the leadership of CEO Andrew Robbins, Aqualung is dedicated to creating an economically feasible carbon capture to sequestration solution that caters to a variety of industries.
Through the successful demonstration of its non-pressurized facilitated transport membrane solution in pilot units over the past four years, Aqualung has proven its cost-effectiveness and applicability in industries such as natural gas processing, lime kilns, and waste-to-energy applications. These pilot units will serve as the foundation for the commercial deployment of its large-scale solution.
Published by FinSMEs on 25/04/2025
