ReCarbon closes $25M Series B-1 round

February 15, 2022 |

In California, ReCarbon, the developer of a revolutionary greenhouse gas utilization technology platform, has closed its $25 million Series B-1 funding round. In addition, ReCarbon welcomes two important partners, POSCO, one of the largest steel companies in the world, and GS Holdings Corporation, a Fortune 500 energy and utility company.

“Decarbonizing hard-to-abate industry sectors is at the core of our Corporate Citizenship and ESG goals. We recognize the significant contribution that ReCarbon will play in helping POSCO and other companies reach these critical goals for global industry sustainability. We are pleased to enter into this venture fund investment of $7 million into ReCarbon, towards far-reaching climate positive outcomes,” said Daeho Shin, Group Leader, POSCO Venture Fund Group.

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Category: Fuels

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