Clara Venture Labs is proud to have been part of the Compact Carbon Capture (3C) story since the very beginning and happy that a new chapter has begun for the company.
Following the acquisition we are no longer shareholders in 3C, but still very much looking forward to contribute to the further development of the technology within Baker Hughes.
The fact that Baker Hughes will back the further development of the technology going forward shows that even small technology companies from Norway can make a significant contribution to the green shift in the time ahead.
The advancement of carbon capture technology solutions is widely considered critical to delivering the additional CO2 emissions reduction needed to meet global 2050 climate targets. In the energy and industrial sectors, carbon capture technology is among the most viable decarbonization paths for both retrofitting existing assets as well as for greenfield projects. 3C’s technology can address CO2 capture from different emission sources and can contribute significantly to the decarbonization of customers’ operations.
3C’s technology differs from traditional carbon capture solvent-based solutions by using rotating beds instead of static columns, effectively distributing solvents in a compact and modularized format. The rotating bed technology enhances the carbon capture process resulting in up to 75% smaller footprint and lower capital expenditures. In addition, 3C’s modular and scalable configuration can be easily deployed into existing brownfield applications and can be optimized for a broad range of capacity and applications, including offshore and industrial emitters.
See link here to press release from Baker Hughes.
Article in Finansavisen here (in Norwegian)
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