Scottish climate technology spin-out CCU International is set for its first funding round, aimed at helping commercialise its carbon capture and utilisation (CCU) system.
From next Monday, the Aberdeen-based business will be seeking between £5m and £10m to buy equipment and lessen overhead costs to help target the global market for CCU - estimated to be growing towards a value of $12bn in the next decade.
The company is therefore projecting revenue of at least £1bn over the next 10 years, focusing first on the UK and US markets.
