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C-Zero Closes $34 Million Financing Round Led by SK Gas to Build Pilot Natural Gas Decarbonization Plant

BusinessWire reports on funding for natural gas decarbonization.

The C3 Take
  • C-Zero is a Santa Barbara, CA-based start up that is developing a technology for natural gas decarbonization.
  • With this new funding, C-Zero will build its first pilot plant in 2024 which will be able to capture 400kg of hydrogen per day from natural gas, all while producing zero emissions.
  • Private sector leadership is addressing our climate challenges.

“’We are excited to be scaling up our innovative technology with experienced investors and partners who recognize the need to decarbonize natural gas and the opportunity that turquoise hydrogen production represents,’ said Eric McFarland, CTO of C-Zero. ‘Natural gas provides a quarter of the world’s energy, so the scale of the opportunity ahead of us is enormous. But we cannot do it alone.'”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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