Carbon Ridge scores investments from major shipping names for onboard carbon capture

Carbon capture start-up Carbon Ridge has sealed $6m in funding from a group of investors including shipowners Crowley and Berge Bulk.

The California-based company said the investor group headed by the Grantham Foundation for the Protection of the Environment is providing capital that will allow it to develop its onboard carbon capture and storage (CCS) technology with an eye to an onboard trial in 2023.