Published by Todd Bush on January 17, 2024
LOS GATOS, Calif., January 16, 2024 (Newswire.com) - Blue Planet Systems Corporation announced today the completion of new funding and a strategic collaboration with Marathon Petroleum Corporation (NYSE: MPC) to advance the commercialization of its technology.
Blue Planet’s patented Geomimetic® mineralization approach sequesters and permanently stores CO2 in the built environment in synthetic limestone aggregate employed in its CarbonStar® rated carbon neutral and carbon negative concrete and other building products. Blue Planet believes that its CO2 mineralization process is the most thermodynamically efficient, gigaton scalable, and quick-to-deploy carbon capture utilization and sequestration (CCUS) approach currently available.
>> Additional Reading: Carbon TerraVault Holdings, LLC Announces California DAC Hub Consortium to Bring Direct Air Capture and Storage to the Golden State
The new funding and strategic collaboration support Blue Planet’s plan to enhance production through process automation and to augment the technology readiness level of Blue Planet’s carbon mineralization facility on the San Francisco Bay that has been operating for the last two years. Blue Planet has also secured additional funding support from current investor Signina Capital AG of Zurich, Switzerland, which provided project debt financing for the current plant.
Distinct from other carbon capture approaches, Blue Planet’s patented technology and closed-loop processes mimic the low energy chemistry in nature responsible for the formation of limestone, which holds over 95% of all carbon on Earth and is the second most employed natural material, only after water. Blue Planet’s approach is increasingly recognized as a critical alternative to other CCUS approaches that involve capture, purification, compression, transportation and monitoring of CO2 for injection into underground wells.
Brent Constantz, Blue Planet’s Founder, CEO and Chief Scientist, noted, “We are pleased to have the technical and commercial support of Marathon Petroleum at this critical phase of the scale up and commercialization of our low and negative embodied carbon building materials.”
Blue Planet Systems produces coarse and fine limestone aggregate made from sequestered CO2 utilizing a proprietary and highly efficient carbon mineralization process inspired by nature. Its engineered materials are used in CarbonStar® rated carbon neutral and carbon negative concrete and related building products. Blue Planet's mission is to mineralize billions of tons of CO2 and store it permanently in the built environment.
Source: Blue Planet Systems Corporation
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⚡ DOE Floats New Cuts To Hundreds Of Clean Energy Grants ⛏️ HyTerra Limited Announces Positive Results From McCoy 1 Well 🍁 As Policy Changed, CarbonCapture Moved Its Pilot Projec...
Inside This Issue 🚢 CF Industries, Trafigura, and Envalior Announce Shipment of Certified Low-Carbon Ammonia 🥤 Skytree Validates DAC System to Generate Pure, Beverage-Grade Liquid CO₂ On-Site 💻 Su...
Inside This Issue 💰 Louisiana's $3.5B Carbon Capture Surge Sets National Decarbonization Blueprint 🌍 UN Climate Summit To Feature First-Ever Carbon Removal Pavilion At COP30 🚛 AtmosClear Selects E...
Air Liquide is enhancing its strategic U.S. Gulf Coast network to support new customers' needs. The Group has secured new hydrogen supply agreements with two of the largest refiners in the U.S. and...
As Policy Changed, CarbonCapture Moved Its Pilot Project From Arizona to Alberta
This innovative climate tech startup just moved its first big project from the U.S. to Canada as Trump threatens the industry. At the beginning of this year, a climate tech startup called CarbonCa...
HyTerra Limited Announces Positive Results From McCoy 1 Well
HyTerra Limited (ASX: HYT), a company focused on exploring for natural hydrogen and helium resources near major industrial hubs and the first company to list on the ASX with a focus on white hydrog...
Prometheus Hyperscale Works With Carbon Capture Firms On New Data Center Campus In Wyoming
Says the gas-powered facility will be carbon negative Prometheus Hyperscale has revealed plans for a second AI data center campus in Wyoming, which it says could eventually deliver 1.5GW of IT cap...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.