Incubate Fund invests in Carbon Cryocapture CO2 plant

Incubate Fund announced a JPY 60,000,000 investment in Carbon Cryocapture Inc. via a third-party share allotment.

• Main announcement: Incubate Fund provided JPY 60,000,000 (6,000万円) to Carbon Cryocapture Inc. through a third-party allotment to fund the construction of a commercial CO2 recovery plant that uses the company’s proprietary rubber-based CO2 absorbent and to accelerate hiring of management personnel.
• Background and details: The funds are intended to accelerate commercial plant construction and recruitment to drive business expansion; the company focuses on CO2 recovery from high-concentration CO2 emission sources. (Source: PR TIMES release)