Carbon Capture Technology Startup Mitico Raises $4.3M to Tackle CO2 Emissions Using Prehistoric Chemistry
Mitico thinks that it has found a way to slash the cost of carbon capture using a simple salt that’s been tweaked for industrial duty, potentially slashing the cost by more than 50% compared to existing technologies. The company's approach, at commercial scale, should be able to capture a metric ton of carbon for much less than $85. By targeting natural gas power plants, Mitico aims to make a significant impact on reducing CO2 emissions.
- This breakthrough technology could have far-reaching implications for the energy sector, potentially disrupting traditional fossil fuel-based power generation methods and accelerating the transition towards cleaner energy sources.
- Can Mitico's innovative approach to carbon capture technology be scaled up efficiently enough to meet the ambitious global targets set by the Paris Agreement and effectively mitigate climate change?