STAX Secures $70 Million to Expand Emissions Capture in Shipping
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📰 The quick summary: A $70 million funding boost and new partnerships with global shipping leaders will help scale maritime carbon capture technology to reduce shipping emissions and improve air quality at major ports.
📈 One key stat: STAX’s technology removes 99% of particulate matter and 95% of nitrogen oxides from ship emissions, having captured 100 tons of pollutants across 13,000 cumulative treatment hours.
💬 One key quote: “This funding marks a pivotal moment for both our company and the maritime industry,” said Michael Walker, CEO of STAX Engineering.
1️⃣ The big picture: STAX Engineering has secured $70 million in new funding to expand its maritime emissions capture technology, marking a major step forward for cleaning up the shipping industry. The company also announced partnerships with global shipping giants ZIM and K-Line, adding to existing collaborations with industry leaders like Shell and Toyota. STAX’s innovative technology can attach to vessels without retrofitting while removing nearly all particulate matter and nitrogen oxide emissions. The company is now working with Seabound on carbon capture trials at the Port of Los Angeles, aiming for full deployment by late 2025.
2️⃣ Why is this good news: Maritime shipping can now significantly reduce its environmental impact through proven emissions capture technology that’s ready to scale. Ship operators gain an effective way to meet stricter environmental regulations while ports and coastal communities benefit from cleaner air. The successful trials and growing adoption by major shipping companies demonstrate this solution’s commercial viability. The technology’s ability to capture multiple types of emissions while working across different vessel types makes it a practical path to greener shipping operations.
3️⃣ What’s next: STAX plans to expand its carbon capture trials and deploy full-scale systems by late 2025. The company aims to extend operations beyond California to new US and international ports. STAX also sees opportunities to adapt its emissions control technology for other industries like data centers. With the new funding, the company will accelerate development of additional carbon capture solutions.
Read the full story here: Carbon Herald – STAX Engineering Secures $70M to Scale Maritime Carbon Capture, Partners with Seabound and Global Shipping Giants
