Munters expands investment and partnership with Capsol Technologies

Capsol Technologies has expanded its strategic partnership with Munters, a global provider of air treatment solutions, following a successful initial collaboration. The companies have signed a new commercial agreement to deepen their relationship through a coordinated go-to-market strategy for carbon capture projects, leveraging joint R&D efforts.

Munters is increasing its investment in Capsol Technologies with an additional €2 million through a private placement, bringing their total investment to €4 million. This investment, made at NOK 7.54 per share, involves the issuance of 3,111,618 new shares, boosting Capsol's financial solidity and capacity to mature strategic initiatives.

Capsol expects this collaboration and investment, alongside new CapsolGo® campaigns and FEEDs, to significantly reduce its cash burn and maintain a path to break-even during 2026. The company also projects potential FIDs in 2026 could materially add to cash generation, with one fully priced FID potentially generating positive EBITDA for three years based on target revenues of 10-15 EUR/tonnes.