U.K. carbon capture startup sets up new HQ in Houston
A startup that produces carbon capture technology has set up its U.S. headquarters in Houston. Establishment of the HQ marks the company’s formal North American expansion.
Carbon Clean, based in the United Kingdom, says it will double the size of its U.S. workforce to meet greater demand for its CycloneCC technology. The company expects the U.S. to become its biggest market.
The startup’s technology has captured nearly two million tons of carbon dioxide at almost 50 sites around the world. Carbon Clean says CycloneCC can reduce the cost of carbon capture by as much as 50 percent with a footprint that’s 50 percent smaller than traditional carbon capture units.
CycloneCC is ideal for businesses such as cement producers, steelmakers, refineries and waste-to-energy plants, Carbon Clean says.
The U.S. Inflation Reduction Act has driven up demand for industrial carbon capture technology, with Carbon Clean logging a more than 64 percent increase in U.S. inquiries since the act was passed last August.
Aniruddha Sharma, chairman and CEO of Carbon Clean, says passage of the Inflation Reduction Act has made the U.S. “one of the best places in the world to develop industrial carbon capture projects.”
Carbon Clean is no stranger to the U.S. It’s been active in this country for more than four years. Houston-based Chevron New Energies led the company’s $150 million Series C round last May.
“Carbon Clean is experiencing phenomenal growth globally, but we expect our expansion in North America to outpace all other regions. As a result, we intend to establish a very significant base in North America, which will include developing a local supply chain to ensure we are set to ramp up commercialization,” Sharma says in a news release.
On March 8, Carbon Capture hosted a reception and panel discussion at its new HQ. The office is at The Ion, located at 4210 Main St.