Japan/Australia: Mitsubishi UBE Cement Corporation (MUCC) has invested US$5m in MCi Carbon, becoming the fourth major Japanese investor alongside ITOCHU Corporation, Mizuho Bank and Sumitomo Mitsui Trust Bank. The partnership includes a collaboration agreement focusing on mineral carbonation technology and a three-way memorandum of understanding with ITOCHU Corporation.
MUCC will use MCi's technology to decarbonise cement production in Japan through CO2 emissions abatement and development of low-carbon materials. The investment supports the commissioning of MCi's 'Myrtle' mineral carbonation demonstration plant in Australia.
MCi Carbon’s mineral carbonation process combines captured CO2 with a mineral feedstock, including industrial wastes like steel slag, mine tailings or raw quarried minerals, to produce magnesium carbonate, calcium carbonate and amorphous silica. Third parties can then use these materials to make cement, concrete, wallboard, papers, glass and other industrial products.
