LONG BEACH, Calif., July 17, 2024 (GLOBE NEWSWIRE) — STAX Engineering, a pioneer in maritime emissions capture and control, closed a $40M funding round led by Upper90, a leading provider of hybrid growth capital. Upper90 has provided flexible capital to finance the build out of STAX’s fleet of mobile emissions capture and control barges; the expansion will accelerate over the next six months to meet increasing demand across container and auto carrier classes as well as broaden coverage to include tankers. As California Air Resources Board regulations expand to include tankers beginning in January 2025, this concerted push from STAX will best position the organization to service the newly regulated class.

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