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Skyonic's carbon capture and utilisation plant moves ahead

28 June 2012

US-based Skyonic Corporation has secured $9m for first phase investment of the total $35m capital needed to construct a pilot carbon capture and utilisation plant in San Antonio in Texas, US.

"ConocoPhillips, Northwater Capital Management, BP and PVS Chloralkali Chemicals will join existing partners Carl Berg and Zachry Corporation as new investors."

SkyMine, an electrolytic carbonate mineralisation technology of Skyonic, will absorb acid gases and heavy metals that are emitted from a cement plant's flue gas streams and convert them into hydrochloric acid, sodium bicarbonate and other by-products.

ConocoPhillips, Northwater Capital Management, BP and PVS Chloralkali Chemicals will join existing partners Carl Berg and Zachry Corporation as new investors.

The facility, which is expected to begin operations in 2014, will capture 83,000 short tons and offset an additional 220,000 short tons of carbon dioxide each year.

The $9m will be used to meet the costs of the plant's construction, the advancement of its global IP portfolio of green carbon chemistry solutions and other R&D and operations purposes.

Scott Trussell, PVS Chloralkali president, said: "Skyonic's green carbon capture technologies present a scalable cost-effective solution for industry to reduce emissions.''

SkyMine technology aims to produce beneficial re-use products in a safe, efficient and profitable manner with low-cost chemical inputs.

Joe Jones, Skyonic CEO, said: "It's an honour for a truly world-class syndicate of energy, technology and top venture players to invest in taking your technology commercial."