Mission Zero Technologies was awon a £3 million government contract to test direct air capture technology.
London Company, which raised £4m in seed funding earlier this year, developing the technology with support from the Government’s Department for Business, Energy and Industrial Strategy, funded through the Net Zero Innovation Portfolio.
MZT was created in 2020 as a collaboration between global mining company Anglo American and venture capital firm Deep Science Ventures (DSV) to identify actionable ideas to accelerate decarbonisation pathways in key industries.
Phase 1 of the project has completed R&D, FEED activities and deployment planning, while Phase 2 will see this implemented into an operational pilot plant with partners Optimus and OCO Technology Ltd.
The £3 million funding for the project is part of a wider round of new climate technology funding recently released through BEIS.
DAC is an approach to carbon capture technology that focuses on removing CO2 directly from the atmosphere around us. This typically requires significant amounts of heat and power and large capital commitments, making the economics and timing of commercialization challenging.
MZT’s modular DAC technology is projected to reduce both energy consumption and capture costs by more than four times compared to today’s commercial offerings, with a roadmap for the price to fall below $100 per tonne at commercial scale.
Through a partnership with Optimus and OCO, Phase 2 will expand the application of this technology to reuse CO2 in the creation of manufactured limestone, a valuable building material.
Shiladitya Ghosh, Co-Founder and Chief Product Officer, said: “This program is key to our collaborative progress in creating valuable materials from CO2 captured from the air.
“This has a tremendous impact on the UK’s and the world’s journey towards net zero and a carbon negative future.”
Chris West, CEO of Optimus, said: “Reversing climate change is the imperative of our generation, what could be more exciting than participating in a process that effectively removes CO2 directly from the atmosphere.
“Having worked with Mission Zero for nearly two years, we have been inspired by their goal from day one and are very excited to contribute our engineering input to the implementation of the pilot plant in Phase 2 of this race.”
In addition to this, the use of sequestered carbon in the creation of limestone will be a breakthrough in providing cyclical options for the use of captured CO2. This is important to ensure a market for the use of captured CO2 and to create building materials that permanently capture CO2 and can be used for critical infrastructure.
Richard Skehens, Chairman of OCO Technology, said: “There is no doubt that carbon capture has huge potential and we are very excited to be part of the next phase of this development.
“The combination of DAC Mission Zero technologies with our own ability to use CO2 in the production of carbon aggregate is a positive step for the environment and provides practicality in the form of sustainable building materials for the future.”