Climate Investment has made a large equity commitment to carbon capture and sequestration development platform Trace Carbon Solutions, according to a news release.
Following the CI investment Trace will have over $420m of equity capital commitments from Quantum Capital Group, CI, and Trace management.
ReSource recently reported that Climate Investment, with offices in London and Houston, is in the middle of raising a second fund up to $1bn.
Headquartered in Houston, Trace develops CCS assets and infrastructure across North America. The management team has a track record developing, constructing, and operating midstream assets.
To date, CI has invested in eight companies in the CCS sector through its maiden Catalyst Fund I. The firm sees investing in CCS platforms such as Trace as a path to mobilizing and scaling CCS solutions for heavy-emitting sectors, including oil & gas, cement, and steel.
