The funding will support the continued research and development of the pilot plant for Skyonic’s SkyCycle technology.
“We are working quickly to bring SkyCycle™ to scale,” said Joe Jones, CEO, president and founder of Skyonic. “SkyCycle™ was designed to put profitable carbon capture technology in the reach of any stationary emitter. We’re continuing to drive the cost of carbon capture down below the level where it becomes an economically viable solution, as well as expanding the market for our outputs by producing a different set of carbon negative mineral byproducts.”
SkyCycle is Skyonic’s third offering in their suite of emissions management technologies. The company’s patented electrolytic carbon capture process SkyMine® is being deployed at a commercial scale at the Capitol Aggregates Cement Plant in San Antonio, where it is expected to be fully operational later this year. The plant will be the first commercial-scale carbon capture and mineralization plant in the United States.
SkyCycle is a thermolytic mineralization technology, producing primarily calcium carbonate, limestone, and hydrochloric acid. The technology is currently being demonstrated at the Capitol Aggregates Cement Plant. Both SkyCycle and SkyMine operate at a significantly lower cost and energy penalty than other carbon capture technology, while driving profits through carbon negative product sales, making them economically viable solutions to address the requirements of carbon dioxide emissions regulations.