Our Company
Rooted in more than 20 years of membrane research, Aqualung Carbon Capture is building the next generation of carbon capture. Together with leading industrial partners, our scientists, engineers and specialists are taking the technology from pilot to commercial production to make carbon capture affordable for every emitter.
Our mission
Our mission is to make carbon capture practical and affordable for every emitter, including the industrial emitters that conventional technology leaves behind.
We are committed to delivering a safe, absorbent-free and highly compact membrane capture system for industrial flue gas and biogas, helping emitters decarbonize faster and at lower cost.
We strive to be a driving force in the energy transition: capturing CO₂ that would otherwise be hard to abate, deploying our units at industrial scale, and offering industrial emitters a complete, end-to-end solution.
Our offering
Industry and heavy transport are the lifeblood of modern civilization. There is not just a need, but a desire from asset owners and operators to decarbonize and move towards sustainable business models. The value of capturing greenhouse gas emissions is growing rapidly, creating strong economic incentives to deploy solutions.
The problem: green energy sources are expensive, where they are available at all. The capital costs to develop them are a large burden for society, particularly compared with existing fossil fuel infrastructure, and materials and transportation costs ultimately fall on consumers. Carbon capture is the only solution that allows existing energy infrastructure to be used while practically eliminating carbon emissions across the transportation, industrial and energy markets.
Aqualung Carbon Capture is the solution where conventional carbon capture technology is unfeasible. There are no toxic additives and no need for expensive facility redesign. The capture units will be scalable modular solutions with Aqualung Carbon Capture’s patented membrane technology at the heart of the process. Retrofitting our units onto existing brownfield sites will aggregate clusters of industrial emitters, improving the economics for all participants.
Timeline
2002
Flat sheet Fixed Site Carrier Developed (PVA)
2005
Facilitated Transport Mechanism Developed (PVA/PVAm)
2008
Hollow Fiber Membrane developed
2013
Addition of Carbon Reinforcement
2017
Norcem Prepilot FSC membrane
2020
Three-phased hybrid system
2020
Colacem pre-pilot
2021
Aqualung Ltd. formed
2021
AQL Test Rig 1.0 Construction Complete; AQL Pilot 1 Construction Complete
2022
Completes series A funding led by Denbury / Exxon, Golar LNG, Standard Lithium, Delek, and Global ship Lease
2022
Enters into commercial pilot agreements with SigmaRoc and Standard Lithium
2023
Aqualung successfully installs and operates three pilot units
2024
Aqualung expands process patent portfolio with new humidification system
2024
Aqualung signs Joint Development Agreement with Nitto Denko
2025
Aqualung completes Series B funding led by Nitto Denko, LGE, Tupras and Delek
2025
Aqualung expands core IP with multiple patents on coating materials and processes
2026
Aqualung signs Joint Development Agreement with Nittobo
Our people
The Aqualung Carbon Capture team
Aqualung Carbon Capture comprises an interdisciplinary team with broad expertise across oil & gas, renewables, engineering, finance, product development, and technical integration & construction.
Aqualung Carbon Capture is growing. The company is made up of highly qualified people with diverse experience, committed to creating a global carbon capture technology leader.
Meet the management
CEO
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Andrew Robbins has been CEO at Aqualung Carbon Capture since 2021 and is a co-founder of the company, leading its corporate strategy, fundraising and commercial development from Milwaukee, including its activities in the United States. He brings almost 20 years of experience in investment and business development. His background spans investment banking at Deutsche Bank, energy-sector investment at SAC Capital and Adams Hill Partners, and more than a decade as founder and CIO of Piney Point Partners. Andrew holds a bachelor’s degree in economics from Boston College.
Saravanan (Ram) Janakiram, PhD
CTO
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Dr Saravanan (Ram) Janakiram has been CTO at Aqualung Carbon Capture since 2025, having joined in 2023 and served as Chief Product Officer. A co-inventor of the core membrane technology, he leads membrane and process development through industrial scale-up from the company’s headquarters in Høvik, building on his research at NTNU and subsequent work at SINTEF on gas-separation membranes and clean-energy projects. His recognitions include the 2025 Net-Zero Industries Award for Young Talents and the 2026 WCCUS Rising Leader Award. Ram holds a PhD in Chemical Engineering from NTNU Trondheim and a dual MSc from KTH Stockholm and Aalto University Helsinki.
CFO
Country Manager, Norway
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Yini Shi has been CFO of Aqualung Carbon Capture since 2025 and also serves as Country Manager for Norway, leading finance, governance, HR, systems and the company’s Norwegian operations from its headquarters in Høvik. She brings more than 15 years of experience in finance and management, most recently as Finance Director at NIO, where she built and led the finance function for Norway and Denmark. Before that, she was Senior Manager in Group Financial Reporting at Aker Solutions, following six years as an auditor at PwC. Yini is a CFA charterholder and a Norwegian State Authorized Public Accountant, and holds a Master of Professional Accountancy from BI Norwegian Business School and an MSc in Finance from Nord University.
Board of directors
Erik Mogens MathiesenChairman & Founder, Aqualung
Andrew Stephen RobbinsCEO, Aqualung
Andy Robinson, PhDPresident, Standard Lithium
Bjørn Tore MathisenLead Engineer, Golar LNG
Henrik UtvikFounder
Takakazu ItoDirector at Nitto Innovations, Nitto Denko
Board observers
Matthew DahanSenior Advisor CCUS, Aqualung
Abhinav CharanExxonMobil, Head of Commercial Optimization
Abhishek RamananPrincipal Delek Ventures
Meet the team
Technology team
Finance & admin team
Partners & investors
Aqualung Carbon Capture is backed by industry-leading strategics with a strong interest in commercializing and scaling the Aqualung Carbon Capture technology.
Aqualung Carbon Capture seeks an open and continuous dialogue with financial investors interested in investing in and developing technology for carbon capture.
We aim to promote an understanding of our business, our goal for a greener and more sustainable future, and the value we create. Do you want to learn more about Aqualung Carbon Capture? Contact our CEO, Andrew Robbins, at andrew@aqualung-cc.com.
