Molten-salt based carbon capture technology Mantel has announced a $2m investment led by The Engine, the venture firm spun out of MIT that invests in early-stage Tough Tech companies. New Climate Ventures also participated in the seed round.
Mantel’s solution is the first high-temperature, liquid-phase carbon capture system and designed to operate at high temperatures found inside boilers, kilns, and furnaces, which raises efficiencies and reduces costs.
The funding will accelerate Mantel’s technology development, prototype testing and initial deployment, as it builds a platform of solutions to reduce emissions in hard-to-abate industries such as industrial heat, cement, steel, and hydrogen.
Additionally, the expansion of carbon capture tax credits in the new Infrastructure Reduction Act greatly enhances opportunities.
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