Australia’s Calix snares backing for carbon capture technology By Reuters – Investing.com
- Date: 15-Sep-2021
- Source: Investing.com
- Sector:Technology
- Country:Middle East
Australia’s Calix snares backing for carbon capture technology By Reuters – Investing.com
By Sonali Paul
MELBOURNE (Reuters) - Australia's Calix (NYSE:) Ltd has lined up an investor to buy a stake in its carbon capture technology unit, valuing the business at A$350 million ($256 million), it said on Wednesday.
Calix's shares rocketed 20% to a record high after the company said Carbon Direct, a New York-based investor, had invested 15 million euros ($18 million) for a 7% stake in Calix's LEILAC Group to back the scaling-up of its technology.
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