Seabound Advances Carbon Capture at Southampton with £1.1M Grant
Deal News | Aug 20, 2025 | PR Newswire Cision Seabound
No summary available.
Sectors
- Maritime
- Clean Energy and Environmental Technology
Geography
- United Kingdom – The grant was awarded by the UK Government, and the project is based at the Port of Southampton.
- California, USA – Initial demonstrations of the technology were carried out successfully at the Port of Long Beach, California.
Industry
- Maritime – The article centers around maritime carbon and emissions capture technology development, a critical part of reducing shipping's environmental impact.
- Clean Energy and Environmental Technology – The focus on developing carbon capture technology implies advances in clean energy solutions, relevant to the environmental technology sector.
Financials
- £1.1 Million – Amount awarded by the UK Government through the Clean Maritime Demonstration Competition to develop the carbon capture project.
- $6.8M – The amount Seabound has raised from investors for their carbon capture technology innovation.
- £2.3M – Total grant funding Seabound has received from the UK Government through various rounds of the Clean Maritime Demonstration Competition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Seabound | Target Company | Companies | A UK-based leader in developing modular carbon capture systems for marine use. |
| Associated British Ports (ABP) | Legal Advisor | Companies | The largest port operator in the UK, partnering with Seabound to deploy carbon capture technology. |
| STAX Engineering | Corporate Finance | Companies | Developer of emissions capture and control systems, working with Seabound on this project. |
| UK Government | Government | Government | Awarded the grant under its Clean Maritime Demonstration Competition. |
| lomarlabs | Strategy | Companies | Supports Seabound's project development and commercialization as part of maritime innovation. |
| James Lovett | Other | People | Innovation Lead for Future Maritime Technologies at Innovate UK. |
| Mike Kane | Government | People | UK Maritime Minister, emphasizing government support for maritime decarbonization. |