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Australia's Calix snares backing for carbon capture technology

Yahoo! Finance
Australia's Calix 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. LEILAC, which stands for Low Emissions Intensity Lime and Cement, is focused on commer...
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