UK-based carbon capture company MZT is using a $5m investment to support the delivery of pilot plant capable of capturing 120 tonnes of carbon dioxide (CO2) per year, in addition to the scaling up of its R&D activities and business operations.
Following closure of the company’s seed financing round, the investment – from Breakthrough Energy Ventures (BEV) and Anglo American – will also be used to build a subsequent commercial project.
Created in 2020 by Anglo American and Deep Science Ventures (DSV), MZT aims to accelerate the decarbonisation potential across key industries.
Having also received a grant from payments company Stripe for early stage R&D, the company was also award funding from the UK’s Department for Business, Energy, and Industrial Strategy (BEIS) to design a first pilot plant.
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