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

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The world is in a pickle: Human activity continues to dump too much CO2 into the atmosphere, raising the risk of catastrophic global warming.

At the same time, the most climate-friendly way to keep using fossil fuels, carbon capture, has hit a rough patch. Only around 40 facilities worldwide are capturing some of the carbon dioxide they generate, according to the International Energy Administration. Because the installations are too expensive to build and operate, they’ve trimmed global carbon emissions by just 0.01% per year.

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


The world is in a pickle: Human activity continues to dump too much CO2 into the atmosphere, raising the risk of catastrophic global warming.

At the same time, the most climate-friendly way to keep using fossil fuels, carbon capture, has hit a rough patch. Only around 40 facilities worldwide are capturing some of the carbon dioxide they generate, according to the International Energy Administration. Because the installations are too expensive to build and operate, they’ve trimmed global carbon emissions by just 0.01% per year.

But one…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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