Mitico develops a post-combustion carbon-capture system that uses potassium carbonate pebbles bound with an additive to prevent them from turning to mush, leveraging a carbonation/decarbonation reaction the CEO described as “prehistorical chemistry.” The pebbles can capture more than 95% of the CO2 in an exhaust stream; once saturated the material is heated to release CO2 for storage or for use in plastics or e-fuels. The company claims that at commercial scale its approach should capture a metric ton of CO2 for much less than $85. An early pilot is attached to a boiler at a refinery in Thailand, and Mitico is initially targeting industrial-scale boilers with ESG-driven customers. Its broader plan is to expand into major emitters, with natural gas power plants cited as the real target market. To support scaling and build larger pilots, Mitico completed a seed fundraising round.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2025