$70 M Vote of Confidence in Carbon Capture at Sea

Los‑Angeles‑based STAX Engineering closed a $70 million mix of debt and SAFE equity to accelerate shipboard exhaust‑scrubbing and CO₂ capture trials with Seabound and two Asian liners. The company claims its modular absorber columns can bolt onto existing stack casings and strip 40 %–60 % of CO₂ at a $110/tonne abatement cost—roughly half current market prices. Investors cite the IMO's 2027 carbon price discussions as a catalyst: if a bunker levy materialises, fleets with capture hardware could arbitrage fuel grades while staying below emissions caps.
[STAX Engineering]

This story is part of the Maritime AI Digest of 3 May 2025.