Carbon Herald just published Mantel Secures $18M Investment To Scale Molten-Borate Carbon Capture.
Carbon Herald reports that Mantel, a carbon capture technology developer, has raised $18 million in a strategic investment round led by Constellation Technology Ventures. The funding is aimed at scaling the company’s molten-borate carbon capture process, which uses hot liquid borate salts to absorb CO2 from industrial flue gas at high temperatures. The approach is being pitched as a way to handle emissions from heavy industry and power sectors more efficiently than conventional amine-based systems. The round adds a major utility-linked backer to Mantel’s cap table as it moves toward larger pilot deployments.
Our take (Heads-up): Molten-borate capture is technically interesting because higher operating temperatures can cut the energy penalty seen with amine solvents, but the technology is still early and unproven at commercial scale. $18 million is a strategic round, not a project finance package, so the real test will be whether Mantel can move from pilot to a demonstration on a live industrial stack.
-> Read the full piece at Carbon Herald
Captain Drawdown is flagging this. The reporting is Carbon Herald’s. Go read them directly, not a rewrite from us.
Source: Carbon Herald