It takes 20 years or more to develop technology from lab to industrial scale, and we are well into that journey.
MCi was founded in 2013 by GreenMag Group and Orica Ltd who both had been conducting independent research into mineral carbonation since 2007. They merged their technology programs together into MCi to advance their efforts through an Australian Government's funded pilot program.
From 2013-2017, the Australian Commonwealth and NSW Governments committed $6.08M in grants to the MCi pilot program following public funding processes which were matched by Orica Ltd as the industry investor.
In 2017 MCi won further Commonwealth Government funding towards a $8.3M program to advance the pilot program towards industrial applications by simulating both pure and dilute CO2 capture potential for use in cement, steel, hydrogen and hard to abate industries.
In 2021 MCi secured a $14.6m grant from the Australian Commonwealth CCUS Development Fund to build its CCU Flagship - an industrial scale demonstration plant.
Now with solid techno-economics and a substantial portfolio of IP, MCi is commercialising its technology globally with industrial customers, investors and funders.
MCi's headquarters are in Canberra and its research and technical facilities are located at the Newcastle Institute for Energy Research (NIER) where it operates its technical and research programs.
Where We're Going
MCi's clean technology sits firmly within a portfolio of carbon utilisation technologies that will ultimately be required to meet the Paris Agreement climate change targets.
MCi is invested as a pioneer in the field of carbon utilisation and are engaging with global partners and ESG funders towards advancing its commercialisation plans for the rollout of its Carbon Plants throughout the world.
MCi's goal is to build a number of industrial scale Carbon Plants by 2030 that would be capable of converting millions of tonnes of CO2 into negative carbon materials, for use by product manufacturers and construction companies. Importantly also creating high quality, permanent carbon offsets.
MCi recently completed its first round of capital raising to advance commercialisation and designing its first demonstration projects globally. We are approximately four to five years away from building our first full-scale, commercial-ready industrial plants.
In 2007, MCi's co-founders create an investment company GreenMag Group to fund a six-year period of independent research into mineral carbonation with University of Newcastle researchers.
2013 - 2017
In 2013, MCi was established as a joint venture between the Canberra-based GreenMag Group, the University of Newcastle and Orica. From this period onward, MCi received the consistent funding and support of Australian governments at the State and Federal level, along with industry partners in a range of sectors. This accelerated the development of our $9.12M pilot plant.
2019 - 2020
In 2019, MCi increased its Technical Readiness Level (TRL) and continued to benefit from government support with a $8.3M CRC-P project grant to integrate our plant technology with any industrial source of CO2. MCi has completed its first round of capital raising and is currently focused on commercialisation as a strategic priority. MCi is approximately four to five years away from operating our first full-scale, commercial-ready industrial plant.
So far in 2021, MCi has received continued recognition from both industry and government organisations for its specialised carbon capture technology and support from MCi's investors and stakeholders has helped to place MCi as a specialised world-leading carbon capture organisation. In June this year we were announced as the second largest recipient of the Australian Government's Carbon Capture Use and Storage Development Fund.
The $14.6 million grant for the project titled ‘Australian CCU Flagship: Demonstrating decarbonisation for heavy industry’ will accelerate MCi’s technology that transforms CO2 emissions into valuable advanced manufacturing and consumer products.