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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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KBR's PureSAF technology has been selected by NorSAF for a sustainable aviation fuel and e-SAF production facility in Latvia that is expected to become the largest of its kind in Northern Europe. The plant is planned to produce 100,000 tons of fuel annually beginning in 2030.

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Mazda successfully demonstrated onboard CO₂ capture and storage during the Super Taikyu Series 2026, capturing 804 grams of CO₂ over a 24-hour race. The achievement marks a significant step toward practical application of the technology and Mazda’s goal of realizing carbon-negative mobility by 2035.

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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 Carbon Capture Coalition has submitted recommendations to the U.S. Department of the Treasury and the Internal Revenue Service for inclusion in the 2026-2027 Priority Guidance Plan, urging action on Section 45Q tax credit guidance and other carbon management policies amid uncertainty surrounding the future of the Environmental Protection Agency’s greenhouse gas reporting program.

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Deep Sky and TD Bank Group have signed a 10-year agreement under which TD will purchase more than 18,000 verified direct air capture carbon dioxide removal credits. The agreement supports the development of permanent carbon removal infrastructure in Canada and provides TD with Canadian-produced carbon removal credits over the next decade.

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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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PSB Industries is promoting a catalytic oxidation system designed to remove VOCs from CO₂ off-gas at RNG facilities, enabling operators to purify and recover CO₂ for resale while reducing emissions and lowering operating costs compared to traditional thermal oxidation methods.

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Svante Technologies and a sustainable packaging company have moved a BECCS project at a southeastern U.S. paper mill into feasibility study, targeting removal of more than 500,000 tonnes of biogenic CO₂ per year with permanent storage planned in the Gulf Coast region.

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The Global Cement and Concrete Association and the Global CCS Institute have signed a two-year partnership agreement to accelerate the deployment of carbon capture and storage technologies across the global cement and concrete industry through collaboration on policy, technical knowledge sharing and stakeholder engagement.

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Carbon Centric inaugurated Norway's first Canopy by T.EN™ carbon capture unit on Oct. 16 at its Rakkestad waste-to-energy facility. Developed through an alliance between Shell Catalysts & Technologies and Technip Energies, the modular system has been operating since October 2025, capturing upward of 10,000 tonnes of CO₂ annually at above a 95% capture rate.

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Valmet and Linde announced May 26 a collaboration to deliver electrically driven CO₂ capture solutions to the pulp and paper industry. The partnership pairs Linde's HISORP® CC technology with Valmet's mill integration expertise to help producers reduce emissions without relying on steam or thermal energy.

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Aquaterra Energy has moved its Recoverable Abandonment Frame system into fabrication for deployment with the Northern Endurance Partnership carbon capture project in the U.K. The technology is designed to safely manage legacy offshore wells and could significantly reduce carbon storage remediation costs and timelines.

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Mantel and Wood signed an agreement to expand deployment of high-temperature carbon capture systems in industrial operations. The partnership supports Mantel’s first commercial project in Western Canada and aims to scale lower-cost carbon capture technology across energy and manufacturing sectors.

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A new Carbon Direct report found that lengthy power grid interconnection delays in PJM and ERCOT could slow data center growth as electricity demand surges. The analysis showed most queued energy projects may never become operational, while approval timelines far exceed federal targets.

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Caravel Bio said it has improved enzyme stability 12-fold as part of efforts to develop lower-cost, more efficient carbon capture technology.

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Worley has been selected by Dow to provide engineering design services for a key cogeneration and carbon capture facility in its Path2Zero project.

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Deep tech startup Reduciner has raised €3.6 million to commercialize a technology that converts captured carbon dioxide into fuels and industrial materials.

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The Zero Emissions Platform has rebranded as Carbon Management Europe, aligning its name with its broader focus on industrial carbon management and evolving EU climate policies.

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Colorado Governor Jared Polis announced a Memorandum of Understanding (MOU) with Wyoming to strengthen coordination on permitting for carbon storage efforts that may cross state boundaries.

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Holcim has partnered with Swedish startup Paebbl and leading general contractor Goldbeck on the first commercial-scale application of a breakthrough carbon-storing technology in an innovative Holcim concrete, which was used to build the foundations of a logistics center for a global retail giant in South Germany.

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Process gas chromatography is essential to the success of CCUS systems, providing accurate, real-time analysis of complex gas streams. This data enables efficient operation, regulatory compliance and safe carbon capture across industrial sectors working to meet decarbonization goals.

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Direct air capture, e‑methanol production and CO₂ electrolysis technologies from Italy, France and the U.S. won the “Best CO₂ Utilisation 2026” award after a live vote at an international CCU conference, underscoring rapid progress in turning captured carbon into fuels and chemicals.

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A new agreement will advance a major CO₂ transport and storage terminal at Avonmouth Docks, expanding access to carbon capture infrastructure for industry across southwest England, the Midlands and South Wales, with operations expected to begin in 2031.

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Deep Sky and ENGIE have formed a partnership covering carbon credit procurement, joint research and market development, with ENGIE committing to purchase up to 15,000 direct air capture carbon removal credits to support the scaling of durable carbon removal.

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Carbon Direct and Arca have formed a collaboration to scale Industrial Mineralization, a carbon removal technology that accelerates mineral carbonation in mine waste, offering durable, high-quality CO₂ removal using existing industrial infrastructure.

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Canada has opened the world’s first surficial mineralization hub in Thetford Mines, Quebec, leveraging mine tailings to permanently remove carbon dioxide and positioning the region as a major center for next-generation carbon removal innovation.

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New CaptureMap analysis shows that Europe’s CCUS challenge is less about storage shortages and more about aligning capture, transport and storage projects, calling for system-level coordination rather than a narrow focus on individual bottlenecks.

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