Mantel Capture raised $30 million in a Series A funding round led by Shell to develop technology for capturing CO2 emissions using molten salts.
Mantel Capture raised $30 million in a Series A funding round led by Shell to develop technology for capturing CO2 emissions using molten salts.
09/05/24, 11:51 AM
Location
cambridgeMoney raised
$30 million
Industry
manufacturing
Round Type
series a
Investors
Eni, Shell
Mantel Capture has secured $30 million in a Series A funding round to advance its technology for capturing carbon emissions from industrial sites. The investment, led by Shell, aims to demonstrate the effectiveness of molten salts in reducing CO2 output significantly.
Company Info
Location
750 main street
cambridge, massachusetts, united states
Additional Info
Mantel is developing the first molten-salt based carbon capture technology. Our molten borates are designed to operate at the high temperatures found inside boilers, kilns, and furnaces – enabling highly efficient carbon capture that has not been possible until now. Carbon capture can be applied across industry to reduce emissions - and even achieve net-negative emissions. By solving for efficiency Mantel can reduce energy losses by more than 60% and cut costs in half, unlocking carbon capture’s role in reaching global net zero.