Heirloom Carbon — undisclosed strategic equity investment by DBJ and Chiyoda Corporation
Development Bank of Japan (DBJ) and Chiyoda Corporation (Japanese engineering & construction firm) make undisclosed equity investments in Heirloom Carbon Technologies, operator of the first commercial DAC facility in the US (Tracy, California). Strategic rationale: Japan's Green Transformation (GX) Emission Trading System (GX-ETS) launch creates demand for international carbon removal credits. Chiyoda is known for LNG engineering; DBJ is a Japanese government policy bank. First reported via LinkedIn post by CEO Shashank Samala.
Direct Air Capture (DAC)
Technology
CA
Location
Deal Details
- Deal Type
- Strategic Investment
- Seller / Sponsor
- Heirloom Carbon Technologies
- Buyer / Financier
- Development Bank of Japan Inc. (DBJ), Chiyoda Corporation
- Deal Value
- Undisclosed
- Stage
- Commercial Deployment
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