Here’s why the Calix (ASX:CXL) share price shot 15% higher today // The Motley Fool Australia

The Calix Ltd (ASX: CXL) share price closed just over 15% higher today, finishing off the week at $1.57 per share after the company released an announcement on its carbon capture project earlier today.

Calix is dedicated to developing patented technology that can address global sustainability challenges by providing industrial solutions. The company is active on four continents.

Calix’s technology is currently being used to develop environmentally friendly solutions for areas such as crop protection, wastewater and carbon reduction.

Let’s take a look at today’s announcement to see what’s happening at Calix.

European approval

Calix leads the Low Emissions Intensity Lime & Cement (LEILAC) project. The objective of the project…