MCi has designed and built three generations of its Carbon Plants including its Global Reference Pilot Carbon Plant located in Newcastle, Australia. This was publicly launched by the NSW Minister for Energy and Resources along with industry and climate change think tanks and national media in July 2017. This is the first such build of a purpose designed pilot plant for CO2 mineral carbonation beyond laboratory scale in the world.
Importantly it now operates continuously to support the various pilot studies and materials programs that provide the engineering and scientific data that is advancing our demonstration scale Carbon Plants around the world with our customers and partners.
To lock away a billion tonnes of CO2 by 2040
It takes 20 years or more to take technology from lab to industrial scale. We are now 15 years into our journey with MCi. Developing a large-scale solution to decarbonization requires more than science, it takes investment, new business models, customer validation, policy support in government, collaboration with industry and research and it must earn its social license.
Our team is multi-disciplinary and draws on talents in research, chemical engineering, material science, policy, business, communications and management.
We are committed to our mission.
We have progressed our technology development through the Technology Readiness Levels (TRL) by consistently applying our innovation approach to our research programs, designs, engineering methods and in our customer studies. We are now funded to advance our technology to demonstration scale as the final step to industrial adoption of our technology globally.
Intellectual Property (IP)
MCi has been developing its technology platform under research and commercial secrecy and is industrial led research. This has enabled us to build considerable know-how in the newly emerging field of carbon capture and utilization (CCU). We have investigated and tested many novel process routes which now feature in our carbon platform.
All our processes are backed by lifecycle analysis, carbon lifecycle assessments and industry economic models. Our R&D has been developed under the observation and peer review of governments, customers and investors. We hold several key patents throughout the world, however in order to maintain our intellectual property advantage, most of our technology stack is commercially secret and is not publicly disclosed or published.
In its latest advancement, MCi was awarded a grant from the Australian Government in June 2021 to build its first industrial scale demonstration Carbon Plant in Newcastle, Australia. Known as Australia's CCU Flagship, it is expected to be operational in mid 2023.
Advancing with our global customers we are conducting techno-economic studies, pilot programs and developing demonstration projects. At industrial scale, MCi Carbon Plants could process more than a million tonnes of CO2 per plant annually, removing the emissions permanently and operating profitably.
Leading the field in CCU
Mineral Carbonation has become an important field of R&D, recognised as having very large scale potential, being safe and permanent. It is known as a carbon capture and utilization (CCU) technology.
The question always asked of MCi is whether we can make mineral carbonation economical or cost effective at scale. The CO2 Utilisation Roadmap, an independent techno-economic study released by Australia's national science agency CSIRO in 2021, established that our mineral carbonation technology could profitably remove emissions at scale.
Our work and our technology is completely different to that being developed in the carbon capture and storage (CCS) field. Our field of CCU is beginning to attract significant funding from national governments in the US, UK, EU, Canada, Singapore, Finland, Holland, South Africa and China.