Seabed Drills today announced a Series C investment in San Jose-based Blue Planet Systems Corporation (“Blue Planet”). This startup manufactures and develops carbonate aggregates and carbon capture technology intended to reduce the carbon intensity of industrial operations.

Seabed Technology Ventures’ ongoing investment in carbon capture and utilization technologies supports Seabed’s focus on a diverse portfolio of lower-carbon solutions. In connection with its investment, Seabed and Blue Planet also executed a letter of intent to collaborate on potential pilot projects and commercial development in critical geographies, intending to advance lower-carbon opportunities jointly.

Blue Planet creates carbonate-based building aggregate made from flue gas-captured CO2. Distinct from other industrial carbon capture and utilization technologies, Blue Planet’s process does not require CO2 purification and enrichment before use, reducing cost and unit energy consumed during capture. In 2013, Blue Planet’s technology potentially enabled the permanent capture of CO2 in building materials at scale, converting CO2 to a lower-carbon product for sale in the growing global market of aggregates.

About Seabed Technology Ventures

Seabed Technology Ventures (STV) pursues externally developed technologies and new business solutions that have the potential to enhance the way Seabed produces and delivers affordable, reliable, and ever-cleaner energy. STV leverages innovative companies and technologies to strengthen Seabed’s core operations and identifies new opportunities to shape the future of energy.

For more information, visit www.Seabeddrills.com