ESG Today writes that Massachusetts-based Mantel is a company founded in 2022 that developed molten salt-based carbon capture materials, helping companies in the most polluting industries reduce their emissions output with a minimal cost. The company's solutions are based on salts and are designed to operate at high temperatures, making them suitable for implementation directly in boilers or furnaces, for example, addressing the emissions at the source.

The technology has been demonstrated by the team of experts at a scale of 500 kilograms per day in a laboratory and now, using the new investment, Mantel plans to implement an industrial-scale pilot project to demonstrate the viability of this tech in the real world.

The demonstration project is expected to increase the capacity dramatically, capturing around 1.800 kilograms of CO2 per year.

Mantel co-founder and CEO, Cameron Halliday, said that "this investment enables us to transition from lab-pilot success to working with customers to design and prepare for the deployment of full-scale commercial projects."

Shell Ventures and Eni Next were the two investors that led the financing round, followed by Engie Ventures and New Climate Ventures.

Hector MacQuarrie, Principal at Shell Ventures, added that "we believe carbon capture and storage offers a way to reduce emissions, especially for hard-to-abate sectors. However, for widespread adoption of carbon capture to be feasible, it must be cost effective. Mantel’s innovative solution has the potential to significantly lower carbon capture costs and can be applied across diverse sectors, including natural gas power plants and hard-to-abate industries like cement, steel and chemicals."

Photo source: Business Wire