MCi Carbon
- Company typePrivate
- Founded2013
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2B
- OfferingServices
MCi Carbon firmographics
Firmographics- Name
- MCi Carbon
- Legal name
- Mineral Carbonation International
- Website
- https://mineralcarbonation.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
MCi Carbon industry classification
Industry- Product category
- Carbon Capture and Utilization
- NAICS
- Other Basic Inorganic Chemical Manufacturing (325180), Chemical Manufacturing (325)
- akta.pro primary industry
- Mineralization & Carbon-Cured Materials (In-situ/Ex-situ) (EUABAFAD)
- akta.pro secondary industry
- Carbon‑Based Carbon Materials (graphite, carbon black, CNTs, graphene from CO₂/CO) (EUABAIAG)
Keywords
Where MCi Carbon is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
MCi Carbon business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Technology Licensing: MCi Carbon licenses its mineral carbonation technology platform to industrial operators (e.g., cement plants, steel mills, ammonia facilities) seeking to decarbonise their operations. Licensing agreements involve co-development of commercial-scale refineries, as demonstrated by the RHI Magnesita partnership targeting a plant in Austria by 2030.
- Carbon-Embedded Construction Materials: Sale of construction and industrial materials (concrete, plasterboard, glass, paper compounds, paint, adhesives) produced at MCi Carbon refineries using captured CO2 and mineral feedstocks. These materials carry embedded carbon permanently locked within them.
- Strategic Investment Co-Development: Strategic industrial partners (e.g., RHI Magnesita, Mitsubishi UBE Cement) invest directly in MCi Carbon to co-develop and deploy commercial refineries at their facilities, combining capital contribution with technology licensing.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
MCi Carbon product offering
Product offeringCore offering
MCi Carbon develops proprietary mineral carbonation technology that captures CO2 emissions from industrial processes (such as ammonia manufacturing) and converts them at the molecular level into stable carbonate minerals — magnesium carbonate, calcium carbonate, and amorphous silica — which serve as feedstocks for construction and manufacturing applications. The company operates the Myrtle demonstration plant, the world's first fully integrated multi-purpose carbon refinery, on Kooragang Island in Newcastle, Australia, and licenses its technology platform to industrial partners worldwide.
Product overview
MCi Carbon operates a single unified product offering: the Myrtle Carbon Refinery, the world's first fully integrated multi-purpose carbon refinery. The refinery uses proprietary mineral carbonation technology to transform CO2 emissions and low-value mineral feedstocks into carbon-embedded construction materials. The Myrtle demonstration plant captures CO2 from ammonia production at Orica's Kooragang Island facility and converts it into products including concrete, plasterboard, glass, paper compounds, magnesium carbonate, calcium carbonate, and amorphous silica. The company is developing a commercial-scale version of its refinery technology targeting up to 50,000 tonnes annual CO2 capture capacity, with the first commercial plant planned for Austria by 2030.
Differentiator
Problem solved
Functional benefit
Brands
- Myrtle: The world's first fully integrated multi-purpose carbon refinery operated by MCi Carbon on Kooragang Island in Newcastle, Australia. The facility uses mineral carbonation technology to transform CO2 emissions and waste materials into carbon-embedded construction products.
Products and services
- Myrtle Carbon Refinery World's first fully integrated multi-purpose carbon refinery that uses proprietary mineral carbonation technology to capture CO2 emissions from industrial sources and convert them into carbon-embedded construction products including concrete, plasterboard, paint, adhesives, glass, and paper compounds. Designed to capture 1,000–2,500 tonnes of CO2 annually and produce 10,000 tonnes of carbonate materials per year.
- Mineral Carbonation Technology Platform Proprietary mineral carbonation technology platform developed over 15 years that captures carbon dioxide from industrial processes and converts it into magnesium carbonate, calcium carbonate, and amorphous silica for use in construction, manufacturing, and agricultural applications. Licensed to industrial operators (cement, steel, refractories, chemicals) for co-development of commercial-scale refineries.
- Carbon-Embedded Construction Materials Industrial materials produced at the Myrtle refinery from captured CO2 and mineral feedstocks, including concrete, plasterboard, glass, paper compounds, paint, and adhesives, with carbon permanently locked at the molecular level. Sold to construction and manufacturing buyers seeking low-carbon inputs.
Quantifiable outcome
- Up to 90% reduction in net emissions for hard-to-abate industrial sectors
- +2 more outcomes
Companies that use MCi Carbon
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
MCi Carbon technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
MCi Carbon partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- RHI MagnesitaflagshipAustria-based global refractory leader RHI Magnesita is MCi Carbon's first commercial customer, having invested over USD $10 million. The partnership targets a commercial-scale carbon refinery at RHI Magnesita's Austrian operations by 2030, deploying mineral carbonation technology to decarbonise refractory manufacturing processes.
- Mitsubishi UBE CementcoreJapan-based Mitsubishi UBE Cement invested USD $5 million in MCi Carbon and signed an MoU to evaluate the mineral carbonation technology for deployment at Japanese cement operations. This represents both a financial investment and a strategic technology evaluation partnership.
- OricacoreOrica, a major ammonia manufacturer, hosts MCi Carbon's Myrtle demonstration plant at its Kooragang Island facility in Newcastle, providing the industrial CO2 emissions source that feeds the mineral carbonation process. This co-location arrangement is critical to the refinery's operations.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
MCi Carbon competitors and assessment
Company assessmentDirect peers
- Heirloom Carbon Technologies: DAC company using limestone-based mineral carbonation to capture and permanently store CO2. Directly comparable technology approach (mineral carbonation for permanent CO2 removal) and target buyer profile (industrial off-takers, carbon credit buyers).
- 44.01: Oman-based startup mineralising CO2 into peridotite rock for permanent storage. Closely comparable as a direct CO2 mineralisation company with similar permanence proposition and industrial-scale ambitions.
- CarbFix: Iceland-based CO2 mineralisation project that dissolves CO2 in water and injects it into basalt for permanent mineral storage. Operates one of the only commercial-scale mineralisation facilities globally and represents the closest direct analogue to MCi Carbon's mineralisation approach.
- CarbonCapture Inc. US-based DAC company developing mega-scale direct air capture facilities with downstream mineralization/sequestration. Comparable as a competitor in the permanent CO2 removal market targeting industrial buyers and credit purchasers.
- CarbonCure Technologies: Canada-based company that injects captured CO2 into fresh concrete during mixing, mineralising it within the concrete matrix. Closely comparable business model of embedding CO2 into construction materials for permanent storage.
- Solidia Technologies: US-based startup using CO2 to cure concrete and produce CO2-cured building materials. Directly comparable in the CO2-embedded construction materials space and in serving cement/concrete industry buyers.
Broad incumbents
- Climeworks: Global DAC leader operating the Orca and Mammoth plants in partnership with CarbFix for permanent storage. Functions as a broad incumbent in CO2 removal, with overlapping customer base in voluntary carbon markets and industrial off-take.
- 1PointFive (Occidental subsidiary): Subsidiary of Occidental Petroleum building the Stratos DAC facility and broader carbon removal platform. Functions as a broad incumbent with deep capital backing, competing for the same industrial decarbonisation mandates.
Emerging players
- CarbonOrO: Emerging company developing CO2 utilisation pathways for materials and chemicals. Comparable as an emerging player in CO2-to-value space, although focused on fuels/chemicals rather than mineral carbonation.
- Brimstone: California-based startup producing carbon-negative Portland cement using calcium silicate and CO2 as a feedstock. Comparable as an emerging player in carbon-embedded construction materials targeting the cement value chain.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
MCi Carbon social profiles
Digital presenceMCi Carbon financial estimates
Financial estimateRevenue estimate
Valuation estimate
MCi Carbon leadership team
Management profileNumber of profiles
Profiles1 record
MCi Carbon funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MCi Carbon M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MCi Carbon
What does MCi Carbon do?
MCi Carbon develops proprietary mineral carbonation technology that captures CO2 emissions from industrial processes (such as ammonia manufacturing) and converts them at the molecular level into stable carbonate minerals — magnesium carbonate, calcium carbonate, and amorphous silica — which serve as feedstocks for construction and manufacturing applications. The company operates the Myrtle demonstration plant, the world's first fully integrated multi-purpose carbon refinery, on Kooragang Island in Newcastle, Australia, and licenses its technology platform to industrial partners worldwide.
Is MCi Carbon a public or private company?
MCi Carbon is a private company. It is classified as venture growth investor backed and is currently operating.
When was MCi Carbon founded?
MCi Carbon was founded in 2013. It employs 11 to 50 people.
Where is MCi Carbon based?
MCi Carbon is headquartered in Sydney, Australia, in the Oceania region.
How does MCi Carbon make money?
Three revenue lines are on record. Technology Licensing is the primary driver. The others are carbon-Embedded Construction Materials and strategic Investment Co-Development.
Who are MCi Carbon's main competitors?
Direct peers on record are Heirloom Carbon Technologies, 44.01, CarbFix, CarbonCapture Inc., CarbonCure Technologies and Solidia Technologies. Broad incumbents are Climeworks and 1PointFive (Occidental subsidiary). Emerging players are CarbonOrO and Brimstone.
Does MCi Carbon have an API?
No public API is recorded for MCi Carbon.
What industry is MCi Carbon in?
MCi Carbon's product category is Carbon Capture and Utilization. Its primary akta.pro industry code is EUABAFAD, Mineralization & Carbon-Cured Materials (In-situ/Ex-situ), with a secondary code of EUABAIAG, Carbon‑Based Carbon Materials (graphite, carbon black, CNTs, graphene from CO₂/CO). Its NAICS code is 325180.