A hydrogen production group based in California has said it has completed a fund for financing to support the company’s first trading facility for the removal of 100 -kiloton carbon dioxide (CDR). Equatic, which is considered to be a pioneer company in the combined removal of carbon dioxide and the production of green hydrogen, on August 11, announced the successful closure of its Circle of Serie A, with catalytic capital for climate and health (C3H) leading to an investment of $ 11.6 million. The C3H is a Temasek Trust catalytic vehicle, along with Kibo Invest, a private investment office based in Singapore with a focus on climate technology. The funding circle, with the participation of a consortium of global investors, will accelerate the engineering scale and commercialization of the patented Equatic electrolysis technology by Seawater. This significant capital infusion will support the continuing engineering of the CDR commercial facility of Equatic, together with the more current commercialization, production and technological development. Equatic’s own technology is designed to capture the atmospheric carbon dioxide and produce green hydrogen in one, a scales process, progressing two critical network-naming roads. “This investment marks a major moment for equality, which allows us to significantly scale our production capabilities and accelerate our mission to deliver a permanent carbon removal on a scale,” says Guaust N. Sant, founder and chief technology officer of Equatic. “The Temasek Trust ecosystem is the founding partner of the plain, from philanthropic support from Temasek Foundation to catalytic investments to C3h. We welcome Kibo Invest as a joint and acknowledge our commitment to investigations. “Really innovative carbon management technologies are needed to mitigate climate change before the consequences become irreversible,” says Lord John Brown, chairman of Equatic’s Advisory Board. Brown is also the founder and chairman of Beyndingnetzero, and former CEO of British Petroleum. “By eliminating carbon dioxide and simultaneously generating green hydrogen, Equatic’s solution provides unique advantages in terms of costs and scales.” Ryan Tan, C3H leader, said: “Equatic technology and approach is an example of the type of bold and scales of innovation that are aligned with the C3h mandate. We enjoy supporting Equatic’s objective of the promising dollars of the climate that offers a permanent removal of impact and commercial benefit. Kibo Invest.