Skyonic, an US-based carbon capture company, has closed on the first $9m of a planned $35m series C round from a consortium including multiple corporate venturing units.
Oil majors BP and ConocoPhillips, along with PVS Chemicals, venture capital firm Northwater Capital Management and angel investors Carl Berg and David Zachry (who runs his eponymous construction company), provided the money.
Founded in 2005, Skyonic will start work on its pilot electrolytic carbon capture plant this summer by removing pollutants from a Capitol Aggregates cement factory in Texas and turning it into baking soda.