According to The Australian Financial Review, Australian start-up MCi Carbon, which aims to cut carbon emissions in so-called hard-to-abate sectors such as steel, cement and heavy industry, has partnered with construction firm Taisei Corporation of Japan to promote its technology for converting carbon into cement and other products.
MCi last year struck a deal with Itochu Corporation for the Japanese company to invest millions of dollars in exchange for exclusive rights to develop market applications for the carbon capture and utilisation (CCU) technology with other Japanese firms.
In the first such deal, MCi – 34 per cent-owned by Orica – and Itochu said they had signed a deal with Taisei that would accelerate the development of a technology heralded as a solution to reduce carbon emissions.
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