By Austin Business Journal

Skyonic Corp. received a $25 million grant from the U.S. Department of Energy as part of six projects developing methods to convert captured carbon dioxide emissions from industrial sources.

Austin-based Skyonic will use funds to continue developing its SkyMine mineralization technology â¿¿ a potential replacement for existing scrubber technologyâ¿¿ which the company patented in June. SkyMine changes carbon dioxide into solid carbonate or bicarbonate materials while removing toxic materials, officials said.

The project team is piloting the process on carbon dioxide-laden flue gas generated by a San Antonio-based cement plant operated by Capital Aggregates Ltd. Skyonic hopes to build-out the technology to support large, commercial-scale production for power-generators, refineries, distilleries and other industrial manufacturers.

Skyonic, founded in 2005, employs 12 workers. The company initially received $1.25 million in seed funding from about 10 investors. The six DOE grants are designed to convert carbon dioxide into products such as fuel, plastics, cement and fertilizers. The grants are funded with $106 million from the American Recovery and Reinvestment Act and matched with $156 million in private funding, officials said.

In February, Skyonic received a $3 million stimulus grant from the DOE and the National Energy Technology Laboratory to fund Phase 1 of the Capitol Aggregates project.

Copyright 2010 American City Business Journals
Copyright 2010