Carbogenics Secures $3 Million for Global Expansion of Carbon Removal Technology
Carbogenics has raised $3 million from UK and US investors to scale its CreChar® biochar technology for biomass waste management. This funding will enable expansion into the US and Europe, enhancing manufacturing and creating jobs, while addressing urgent climate goals.
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Carbogenics has secured $3 million in funding to advance its CreChar® technology aimed at biomass waste management. The investment, from notable UK and US backers, will facilitate the company's expansion into the US and Europe, enhancing manufacturing capabilities and job creation.
The funding comes during a period of general investment uncertainty, reflecting confidence in the scalability of CreChar® for carbon removal. Additionally, Carbogenics is collaborating with Scottish Water on the Filachar project to develop carbon removal solutions in the water sector. The firm aims to convert agricultural and forestry residues into biochar products that address environmental challenges and support carbon sequestration, positioning itself at the forefront of the biochar market.
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