C-Zero Closes $34 Million Financing Round Led by SK Gas to Build Pilot Natural Gas Decarbonization Plant
C-Zero Inc. , a clean energy company that has developed a technology for natural gas decarbonization, announced today that it has closed a $34 million dollar financing round led by SK Gas, a subsidiary of South Koreas second-largest conglomerate, the SK Group.
- C-Zero Inc. , a clean energy company that has developed a technology for natural gas decarbonization, announced today that it has closed a $34 million dollar financing round led by SK Gas, a subsidiary of South Koreas second-largest conglomerate, the SK Group.
- The funding will be used to build C-Zeros first pilot plant, which is expected to be online in Q1 2023.
- The plant will be capable of producing up to 400kg of hydrogen per day from natural gas with no CO2 emissions.
- Natural gas provides a quarter of the worlds energy, so the scale of the opportunity ahead of us is enormous.