Australian sustainable technology company Mineral Carbonation International (MCi) was crowned the winner yesterday (2nd Nov) of the Net Zero Technology Centre’s (the ‘Centre’) COP26 ‘Clean Energy Start-up Pitch Battle’, fending off nine other competitors.
Announced during the Centre’s COP26 programme, ‘The Road to Glasgow: Destination Net Zero’, the winning submission was MCi’s scalable carbon platform technology that converts industrial carbon dioxide (CO2) emissions into solid bulk materials.
The award will see the company receiving a range of benefits, from tailored support and industry exposure to an opportunity to pitch for investment for a place on the TechX Clean Energy Accelerator.
Plans for scaling-up could also be enhanced due to an invitation for the winner to meet Kate Forbes, MSP, Cabinet Secretary for Finance and the Economy.
‘Thrilled’ to win the Pitch Battle, Sophia Wang, COO, MCi, called it a ‘wonderful encouragement for our carbon capture and utilisation technology.’
She added, “Transforming emissions into useful materials for the circular economy can help us to decarbonise and create new global industries. Winning this battle will absolutely help us to scale and accelerate our plans to lock away 1bn tonnes of CO2 into useful materials by 2040.”
Smaller start-up companies are seen as an essential part of the ‘disruption’ necessary for the current energy system and acceleration a net zero transition.
Mark Anderson, TechX Director, Net Zero Technology Centre said that all participants showed ‘extraordinary innovation, ambition and commitment’.
“Congratulations to our winner, MCi, who not only demonstrate how technology is key to the transition, but also the importance of investing in start-ups and entrepreneurs,” he said.
The ten companies involved were shortlisted from 29 applicants after a public vote at the start of the event in September of this year.