In a bold move to tackle maritime emissions, STAX Engineering has secured a whopping $70 million in funding, propelling its mission to revolutionize the shipping industry. Partnering with UK-based Seabound, the U.S. emissions capture leader is launching groundbreaking carbon capture trials, aiming to slash greenhouse gas emissions and set a new standard for sustainability on the high seas.
A $70M Windfall for Cleaner Oceans
STAX Engineering’s latest funding round is a game-changer. With $60 million in debt financing from Firstime Credit and Deutsche Bank Private Credit & Infrastructure, plus an additional $10 million through a Simple Agreement for Future Equity (SAFE), the company is poised to scale its cutting-edge emissions capture technology. This financial injection will accelerate the commercialization of STAX’s next-gen solutions and support ongoing carbon capture trials, bringing the company closer to its ambitious goal of capturing 1% of global greenhouse gas emissions.
Yoni Ophir, CEO of Firstime Credit, praised STAX’s vision: “This funding reflects our confidence in STAX’s groundbreaking technology and sustainable innovation. We’re proud to support their growth with tailored financing solutions that deliver value to both the company and our global partners.”
Alexander Gorokhovskiy of Deutsche Bank echoed this sentiment, highlighting STAX’s potential to reduce pollutants and improve air quality: “This financing underscores our commitment to innovation and partnership with leading management teams.”
Seabound Partnership: A Carbon Capture Powerhouse
The collaboration with Seabound is already making waves. Trials at the Port of Los Angeles integrate Seabound’s carbon dioxide capture system with STAX’s mobile emissions control units. Here’s how it works: after STAX technology filters pollutants, the ship’s exhaust is funneled through Seabound’s capture unit, isolating and storing carbon and sulfur before releasing clean exhaust into the atmosphere. Early results are promising, with full-scale deployment planned for late 2025.
Alisha Fredriksson, Co-Founder and CEO of Seabound, emphasized the significance of this partnership: “The maritime industry has long been one of the toughest sectors to decarbonize. Together with STAX, we’re laying the foundation for zero-emissions shipping and setting a new sustainability standard.”
New Partnerships Signal Rising Demand
STAX isn’t just stopping at carbon capture. The company has inked multi-year contracts with shipping giants ZIM and K-Line, further solidifying its position as a leader in maritime emissions control. ZIM, an Israeli container shipping company, and K-Line, a Japanese logistics specialist, are among the first to adopt STAX’s technology, reflecting the growing demand for cleaner shipping solutions.
Michael Walker, CEO of STAX Engineering, shared his excitement: “This funding marks a pivotal moment for STAX and the maritime industry. Our partnerships with Seabound, ZIM, and K-Line are accelerating our vision to capture 1% of global emissions and set a new standard for carbon capture adoption.”
The Road Ahead: Scaling Impact Globally
STAX’s technology is already making a splash in California, servicing all major vessel classes—including containerships, auto carriers, and tankers—without requiring costly retrofits. The company’s systems capture exhaust, removing 99% of particulate matter and 95% of nitrogen oxides. With plans to expand into additional U.S. and international ports, STAX is evaluating “best-in-class” carbon capture solutions ahead of its fleet-wide rollout in 2025.
As the maritime industry charts a course toward sustainability, STAX Engineering is leading the charge, proving that cleaner oceans and skies are within reach.
