Carbon Engineering

Squamish, Canada Founded: 2009 • Age: 17 yrs Acquired By Oxy
Carbon dioxide is captured from the atmosphere by Carbon Engineering.
Annual revenue - Latest available
Total funding $107.1M 8 rounds
Employees - Tracked headcount
Investors 9 Known backers
Products 2 Services tracked
Competitors 9 Brand Intelligence

About Carbon Engineering

Carbon Engineering is a company based in Squamish (Canada) founded in 2009 was acquired by Oxy in August 2023. It operates as a Green Energy-as-a-Service. Carbon Engineering has raised $107.06 million across 8 funding rounds from investors including Airbus, Oxy and Air Canada. Carbon Engineering offers products and services including Direct Air Capture and AIR TO FUELS. Carbon Engineering operates in a competitive market with competitors including Raízen, GPS Renewables, Climeworks, CarbonCapture and Spiritus, among others.

  • Headquarter Squamish, Canada
  • Sectors
    Environment
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Carbon Engineering Ulc
Operational Areas
Environment → Environmental Management & Pollution Control Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $107.06 M (USD)

    in 8 rounds

  • Latest Funding Round
    $6.75 M (USD), Series B

    Nov 17, 2022

  • Investors
    Airbus

    & 8 more

  • Employee Count
    Not available
  • Acquired by
    Oxy

    (Aug 15, 2023)

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Products & Services of Carbon Engineering

Carbon Engineering offers a comprehensive portfolio of products and services, including Direct Air Capture and AIR TO FUELS.

Product name locked
Category locked
Primary

Carbon dioxide is captured directly from the atmosphere.

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Synthetic fuels are produced using captured carbon dioxide.

People of Carbon Engineering

Headcount 10-50
Employee Profiles 54
Board Members and Advisors 6
Employee Profiles
People
Marcus Temke
VP, Engineering & Projects
People
Jenny McCahill
Director, Projects
People
Nicole Westeinde
Control Operator
People
Kenton Heidel
Director, Engineering

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Board Members and Advisors
people
Laurie Pare
Director
people
Denis Connor
Director
people
Elias Cababie Daniel
Director
people
Michael Avery
Director

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Funding Insights of Carbon Engineering

Carbon Engineering has successfully raised a total of $107.06M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $6.75 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Carbon Engineering

Carbon Engineering has secured backing from 9 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Airbus, Oxy and Air Canada.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Funding is provided for emissions reduction technologies in Alberta.
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Passenger transportation and logistics services are provided by Air Canada.
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Commercial aircraft, helicopters, satellites, and launch vehicles are manufactured.
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Investor details for Carbon Engineering

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Investments & Acquisitions by Carbon Engineering

Investments
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Investment portfolio details for Carbon Engineering

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  • Transaction dates
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Financial Statements - Carbon Engineering

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Detailed financials for Carbon Engineering

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Carbon Engineering Comparisons

Carbon Engineering Primary company
Description
Carbon dioxide is captured from the atmosphere by Carbon Eng...
Location
Squamish, Canada
Founded Year
2009
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Carbon Engineering

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Competitors of Carbon Engineering

Carbon Engineering operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Raízen, GPS Renewables, Climeworks, CarbonCapture and Spiritus, among others.

Company Name Domain Founded year HQ Location Description
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Bioenergy from waste products is produced, including ethanol and biogas.
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Biogas engineering and clean fuels technology solutions are provided.
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Carbon removal solutions are provided for businesses and individuals.
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Developer of modular direct air capture systems and carbon removal credits
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Innovative direct air capture technology is developed by Spiritus.
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Detailed competitors of Carbon Engineering

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Latest news on Carbon Engineering

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Complete news archive for Carbon Engineering

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Frequently Asked Questions about Carbon Engineering

Carbon Engineering was founded in 2009.

Carbon Engineering is headquartered in Squamish, Canada. It is registered at Squamish, British Columbia, Canada.

Carbon Engineering is a funded company, having raised a total of $107.06M across 8 funding rounds to date.

Carbon Engineering is focused on the development and deployment of Direct Air Capture technology to remove carbon dioxide from the atmosphere. The company operates in the climate technology sector, providing solutions to address climate change challenges. Innovations are tested and validated at their dedicated Innovation Centre in Squamish, British Columbia. Additionally, technologies like AIR TO FUELS are developed to create synthetic fuels using captured carbon. Large-scale deployment is pursued through partnerships to scale this critical climate solution globally.

Carbon Engineering's top competitors include GPS Renewables, Climeworks and Raízen.

Carbon Engineering offers Direct Air Capture and AIR TO FUELS.

Carbon Engineering has 9 investors. Key investors include Airbus, Oxy, Air Canada, Chevron, and BHP.

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