Skyonic Corp., an Austin-based carbon-capture firm, has raised $9 million from investors including prominent players in the oil and gas industry to begin construction on a full-scale manufacturing facility.
The company said it has a commitment of $35 million from investors to build the San Antonio facility, which it says will be the first commercial carbon capture and utilization plant in the country. Officials said the plant will demonstrate the viability of capturing and reusing carbon dioxide as a profitable business-scale venture.
Read more...Construction to start on carbon-capture plant via Statesman.com
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