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Aker Solutions to support the industrial transformation of Mongstad

PHOTO: Espen Rønnevik/©Equinor

February 16, 2024

BY Aker Solutions

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Carbon capture startup MCi Carbon Seeks $50 million funding round after opening Newcastle plant

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By Forbes Australia

June 17, 2026

Project Development 

Australian startup MCi Carbon plans to raise US$50 million to expand its carbon capture technology after opening a demonstration plant in Newcastle. The company's process converts captured CO2 into materials used in construction, positioning it to benefit from growing global demand for carbon reduction solutions.

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MIT researchers have identified a new electrochemical approach to carbon capture using N-heterocyclic imine-based sorbents. The technology could reduce the energy demands of carbon capture systems while improving scalability and flexibility, offering a potential pathway toward more efficient carbon dioxide removal and utilization.

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Holcim has launched CaptureLab, the cement industry's first industrial-scale carbon capture test platform, in Martres-Tolosane, France. The 2,500-square-meter facility uses an open innovation model to allow manufacturers, startups and researchers to test and validate advanced capture technologies in real-world conditions. The platform launches with an initial pilot project in partnership with Air Liquide.

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Aalborg Portland has signed an agreement with the Danish Energy Agency to receive a carbon capture subsidy of up to approximately EUR 2.2 billion over 15 years for its ACCSION carbon capture and storage project. The project is expected to capture up to 1.25 million tons of CO₂ annually from 2030 and represents a major step in Cementir Holding’s path toward net-zero emissions.

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The U.S. Department of Energy has selected the TerraSpark Energy Campus to receive up to $18.5 million in federal funding to support development of a 1.6-gigawatt coal-fired power facility with carbon capture technology in West Virginia. The project is expected to advance engineering and permitting work while supporting energy production, carbon management and job creation.

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