Aqualung Carbon Capture

Aqualung Carbon Capture

Provides industrial scale carbon capture units to speed up decarbonisation and mitigate carbon emissions. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
NOK20212022
Revenues<1m2.4m
% growth-779 %
Profit(3.9m)(27.4m)
% profit margin(1421 %)(1140 %)
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DateInvestorsAmountRound
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N/A

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NOK5.0m

Grant
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$10.0m

Early VC
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N/A

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Total FundingCAD14.5m

Recent News about Aqualung Carbon Capture

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More about Aqualung Carbon Captureinfo icon
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Aqualung is a pioneering startup that operates in the environmental technology sector, specifically focusing on carbon capture. The company's primary offering is a unique membrane technology that effectively reduces greenhouse gas emissions from heavy industries. This technology is the result of two decades of dedicated research and testing, and it is now ready for commercialization.

Aqualung's target market includes a wide range of industrial emitters, from natural gas producers to cement manufacturers. The company's goal is to provide the most cost-effective and environmentally friendly carbon capture solution available, thereby enabling a broader market to adopt clean carbon capture practices.

The business model of Aqualung is based on a tolling model, which means that clients pay a fee to use the company's carbon capture technology. This model not only creates a steady revenue stream for Aqualung but also helps to mitigate capital risk for its clients.

One of the company's significant milestones is its partnership with SigmaRoc plc. In this collaboration, SigmaRoc plans to install its first carbon capture facility using Aqualung's technology in Q1 2023. The aim is to capture all kiln process emissions by 2030, a full decade ahead of its 2040 Net-Zero targets.

In summary, Aqualung is a promising startup that leverages innovative technology to help heavy industries reduce their carbon emissions. Its cost-effective solutions and strategic partnerships position it well for future growth in the burgeoning environmental technology market.

Keywords: Carbon Capture, Greenhouse Gas Emissions, Heavy Industry, Membrane Technology, Tolling Model, Environmental Technology, SigmaRoc Partnership, Net-Zero Targets, Carbon Capture Utilization & Sequestration, Industrial Emitters.