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News Carbon Direct buys 7% stake in Calix for US$17.7m

Carbon Direct buys 7% stake in Calix for US$17.7m

Written by Global Cement staff 15 September 2021
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Australia: US-based Carbon Direct has bought a 7% stake in Calix. Reuters News has reported the value of the stake as US$17.7m. Reuters News has reported that Calix plans to use the proceeds to scale up its carbon capture and storage (CCS) technology, as demonstrated at the LEILAC and LEILAC 2 installations at Lixhe, Belgium, and Hanover, Germany.

Calix chief executive officer Phil Hodgson said "As the world puts emissions trading schemes in place, CCS does start to look like a multibillion dollar addressable market.”

Published in Global Cement News
Tagged under
  • Australia
  • US
  • Acquisition
  • Stake
  • Calix
  • Carbon Direct
  • GCW523
  • LEILAC
  • corporate
  • carbon capture

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