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Business
Australia’s Orica Funds Carbon Capture
by Michael McCoy
September 2, 2013
| A version of this story appeared in
Volume 91, Issue 35
Australian chemical maker Orica and local government agencies are together putting about $8 million into Mineral Carbonation International, an Orica-backed firm focused on carbon dioxide capture. MCI is developing mineral carbonation, a process that accelerates a natural carbon capture mechanism by combining CO2 with low-grade minerals such as serpentinite to create solid carbonates. MCI will use CO2 emitted by an Orica nitrogen chemicals plant on Australia’s Kooragang Island.
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