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

MCi Carbon co-founders Mark Rayson, Marcus Dawe, Sophia Hamblin Wang and engineering manager Trent Borserio. Source: MCi Carbon

June 17, 2026

BY Forbes Australia

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Canada, Alberta advance pipeline and carbon capture projects

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By Prime Minister of Canada

July 06, 2026

Project Development 

Canada and Alberta are advancing a proposed west coast oil pipeline and the Pathways carbon capture project, initiatives expected to reduce emissions, create about 175,000 jobs and attract more than $200 billion in investment.

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Air Products is canceling its Louisiana Clean Energy Complex after determining the project would not meet its financial return requirements. The company expects to record up to $2.9 billion in pre-tax charges related to the decision and other clean energy project exits while moving ahead with a renewable ammonia marketing agreement with Yara tied to the NEOM Green Hydrogen Project in Saudi Arabia.

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Amazon has expanded its carbon credit service to the United Kingdom, giving eligible companies access to vetted carbon credits and procurement support for emissions reduction and offsetting as part of their net-zero strategies.

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Ambuja Cements and Leilac Limited have partnered to develop a commercial-scale low-carbon cement project in Kutch. The project will test carbon capture and electrification technologies aimed at reducing emissions and coal use, with potential to capture more than 1 million metric tons of CO₂ annually if scaled up.

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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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