{"id":5437,"date":"2025-02-27T20:04:28","date_gmt":"2025-02-27T20:04:28","guid":{"rendered":"https:\/\/krogragg.com\/?p=5437"},"modified":"2025-02-27T20:04:28","modified_gmt":"2025-02-27T20:04:28","slug":"stax-engineering-raises-70m-starts-carbon-capture-trials","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=5437","title":{"rendered":"STAX Engineering raises $70M, starts carbon capture trials"},"content":{"rendered":"<p>    STAX Engineering raises $70M, starts carbon capture trials<br \/>\n \t<BR><br \/>\n<BR><\/BR><br \/>\n    <!-- no image --><br \/>\n \t<BR><br \/>\n<BR><\/BR><\/p>\n<div>\n<p>Long Beach, Calif.-headquartered maritime emissions capture specialist STAX Engineering reports that it has raised $70 million in funding and is launching carbon capture trials with <a href=\"https:\/\/www.marinelog.com\/technology\/video-are-seabounds-quicklime-pebbles-the-key-to-onboard-carbon-capture\/\">onboard carbon capture technology innovator Seabound.<\/a><\/p>\n<p>STAX says that the $70 million investment\u2014$60 million in debt financing provided by <a href=\"https:\/\/www.firstime.vc\/credit\/\">Firstime Credit<\/a> and Deutsche Bank Private Credit &amp; Infrastructure and $10 million through a Simple Agreement for Future Equity (SAFE)\u2014will fuel the company\u2019s rapid growth, scaling the deployment of its emissions capture and control technology while advancing carbon capture initiatives.<\/p>\n<p>In parallel with the funding, STAX has signed new multi-year contracts with ZIM Integrated Shipping Services and K-Line. They join a list of companies working with STAX that includes Shell, NYK Line, Hyundai GLOVIS, Toyota, and Olympus.<\/p>\n<p>\u201cWe\u2019re building real momentum at STAX, and this funding marks a pivotal moment for both our company and the maritime industry,\u201d said Michael Walker, CEO of STAX Engineering. \u201cAs we pursue expanding our carbon capture capabilities to drive the industry toward cleaner, more sustainable practices, our inaugural partnership with Seabound is pivotal. At the same time, new partnerships with ZIM and K-Line reflect rising demand for our emissions capture and control technology, helping us scale our impact across global fleets. Through these partnerships, we\u2019re accelerating our vision to capture 1% of global emissions and set a new standard for carbon capture adoption across shipping and beyond.\u201d<\/p>\n<figure class=\"wp-block-embed alignleft is-type-wp-embed is-provider-marine-log wp-block-embed-marine-log\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"ZtU0ajlSMt\"><p><a href=\"https:\/\/www.marinelog.com\/technology\/video-are-seabounds-quicklime-pebbles-the-key-to-onboard-carbon-capture\/\">VIDEO: Are Seabound\u2019s quicklime pebbles the key to onboard carbon capture?<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"\u201cVIDEO: Are Seabound\u2019s quicklime pebbles the key to onboard carbon capture?\u201d \u2014 Marine Log\" src=\"https:\/\/www.marinelog.com\/technology\/video-are-seabounds-quicklime-pebbles-the-key-to-onboard-carbon-capture\/embed\/#?secret=LkLL1WGk9X#?secret=ZtU0ajlSMt\" data-secret=\"ZtU0ajlSMt\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div>\n<\/figure>\n<p>The carbon capture trials, already underway at the Port of Los Angeles, integrate Seabound\u2019s compact and cost-effective carbon dioxide capture system with STAX\u2019s mobile emissions control units. After pollutants are filtered by STAX technology, the ship\u2019s exhaust is directed through Seabound\u2019s capture unit, isolating and storing both carbon and sulfur before the clean exhaust gas enters the atmosphere, reducing the vessel\u2019s greenhouse gas footprint. Early results are promising, reinforcing the feasibility of integrating carbon capture into STAX\u2019s systems, with full-scale deployment planned for late 2025.<\/p>\n<p>\u201cThe maritime industry has long been one of the toughest sectors to decarbonize, and partnering with STAX to integrate our carbon capture technology is a meaningful step forward,\u201d said Alisha Fredriksson, co-founder &amp; CEO of Seabound. \u201cTogether, we\u2019re laying the foundation for a future where shipping can achieve zero-emissions operations, setting a new standard for sustainability across the industry.\u201d<\/p>\n<p>Since its launch in first quarter 2024, STAX has established itself as the only emissions solution servicing all major vessel classes in California, including containerships, auto carriers, and tankers. As California\u2019s new California Air Resource Board (CARB) emissions standards took effect in Jan. 2025, STAX now provides a path to compliance for operators through exclusive service agreements at major ports, including Los Angeles, Long Beach, Hueneme, Benicia, and Oakland. In just over a year, STAX has treated at-berth vessels for a cumulative 13,000 hours, capturing 100 tons of pollutants and counting.<\/p>\n<p>The post <a href=\"https:\/\/www.marinelog.com\/news\/stax-engineering-raises-70m-starts-carbon-capture-trials\/\">STAX Engineering raises $70M, starts carbon capture trials<\/a> appeared first on <a href=\"https:\/\/www.marinelog.com\/\">Marine Log<\/a>.<\/p>\n<\/div>\n<p> \t<BR><br \/>\n <BR><\/BR><br \/>\n    Nick Blenkey<br \/>\n \t<BR><br \/>\n<BR><\/BR><br \/>\n<a href=\"https:\/\/www.marinelog.com\/news\/stax-engineering-raises-70m-starts-carbon-capture-trials\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=stax-engineering-raises-70m-starts-carbon-capture-trials\">Go to marinelog<\/a><br \/>\n \t<BR><br \/>\n <BR><\/BR><\/p>\n","protected":false},"excerpt":{"rendered":"<p>STAX Engineering raises $70M, starts carbon capture trials Long Beach, Calif.-headquartered maritime emissions capture specialist STAX Engineering reports that it has raised $70 million in funding and is launching carbon capture trials with onboard carbon capture technology innovator Seabound. STAX says that the $70 million investment\u2014$60 million in debt financing provided by Firstime Credit and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2697,2921,192,199,2922,2923],"tags":[193],"class_list":["post-5437","post","type-post","status-publish","format-standard","hentry","category-carbon-capture","category-emissions-capture","category-marinelog","category-news","category-seabound","category-stax-engineering","tag-marinelog"],"_links":{"self":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/5437"}],"collection":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5437"}],"version-history":[{"count":0,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/5437\/revisions"}],"wp:attachment":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}