Mitico raises $4.3M seed round to capture CO2 using ‘prehistoric chemistry’

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The world is in a conduct: Human activity continues to drop too much CO 2 in the atmosphere, increasing the risk of catastrophic global warming.

At the same time, the most climate-friendly way to continue the use of fossil fuels, carbon capture has hit the patch. There are about 40 benefits worldwide Capture some carbon dioxide They produce according to the international power administration. Since installations are very expensive to build and manage, they have trimmed global carbon emissions every year by only 0.01%.

However, a startup thinks that it has found a way to reduce the cost of carbon capture using a simple salt tweet for industrial tariffs.

“The chemistry we are using – carbonation and decorbon response – this is what I call prehistoric chemistry. It was there before us, and it will be after us, “Clame Sid ,’s co-founder and CEO MythologyTell TechCrunch.

Others have suggested to use potassium carbonate, but most of it has avoided for two reasons: for one, hard potassium carbonate is largely dissolved after a use. CID said, “After you use it, it turns out, which you want to re -use your material as a sponge again and again.” The other option, dissolving salt in water and bubbles of gas by solving, is no cheap than options. Myitico went to the first route, adding a binder Refrain from turning the mushrooms to the mashThe

The CID said that potassium carbonate gravel can capture more than 95% carbon dioxide in an exhaust stream. Once the material is saturated, it becomes heated to publish CO2, which can make or use plastic or e-fuels. The CID said that a metric ton of carbon on a commercial scale should be able to capture at a lesser price of $ 85. If this is effective, any plant that qualifies for relevant federal tax credit can profitly capture carbon from the first day.

One of the first pilots of the startup is connected to a boiler in a refinery in Thailand. Now, the company has planned to encourage similar customers that depend on art-scale boilers. “There is very little technology available for these customers now and many of these customers have ESG requirements,” the CID said. “They have no economic alternative except to use natural gas.”

Once it puts a foot on industrial boilers, Mitiko is hoping to install its carbon capture equipment on any of the main emitters of carbon dioxide. CID says the real goal Natural gas power plantThe

There, the company will find a big market. According to the US Energy Information Administration, natural gas power plants currently offer 43% electricity to the United States, and the technology is interested in the AI ​​boom data center operators looking for electricity wherever they can find it.

To create a greater pilot plant, Mitico has raised a $ 4.3 million seed, the company has exclusively informed TechCrunch. The round was led by the Axagon with the participation of the AP Ventures, Dipbright Ventures, Freeflow Ventures, Holiburton Labs, Social Alliance for Innovation, SOSV, and WL Gore & Associates Ventures Team.

The CID said, “At the end of the day, whether CO2 is coming from fossil or non-life sources, what we care about is that we should not emit so much,” said the CID. “Post-Cumbation Carbon capture where we can have the most impact.”

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