ION Clean Energy (also known as ION Engineering) develops carbon dioxide (CO2) capture technologies. ION’s proprietary advanced liquid absorption technology captures CO2 at a cost of USD 39–45 per ton. ION’s Modular Adaptive Packing (MAP) and Multicomponent-Liquid Analyzer technologies are at the patent-pending stage.
Key customers and partnerships
The company has entered into strategic partnerships to commercialize its technology. The partners include US Department of Energy (DOE), National Energy Technology Laboratory (NETL), National Carbon Capture Center, SINTEF, and Colorado Office of Economic Development and International Trade.
Funding and financials
The company’s most recent funding was in April 2024 , when it raised USD 45 million in a venture funding round led by Chevron New Energies. The funds were used to fuel the company’s growth and support the commercial deployment of its ICE-31 liquid amine carbon capture technology.
No investor data is available
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