Temasek Trust’s catalytic vehicle leads fundraising to scale marine carbon removal

The financing is to support Equatic’s first 100-kilotonne CDR commercial facility.

Temasek Trust’s Catalytic Capital for Climate and Health (C3H) is leading a $14.92m (US$11.6m) Series A round in Equatic, a climate-tech startup whose patented seawater electrolysis process accelerates the ocean’s ability to absorb and permanently store carbon at scale and simultaneously produce carbon-negative hydrogen.

Kibo Invest, a Singapore-based private investment office with a focus on climate technology, is a co-lead in the round. The round also saw participation from a consortium of global investors.

The Series A financing will support the ongoing engineering of Equatic’s first 100-kilotonne CDR commercial facility, alongside further commercialisation, manufacturing, and technological development.

C3H’s investment further strengthens Equatic’s longstanding partnership with the Temasek Trust ecosystem. Equatic previously won in the Temasek Foundation’s The Liveability Challenge in 2021 and was awarded $1m in catalytic funding. It piloted its carbon removal technology in Singapore in collaboration with the national water agency PUB.

According to Temasek Trust, C3H is dedicated to backing early-stage innovators like Equatic — in the areas of climate, health, and their intersection — to fast-track the transition to a low-carbon future.

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia