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MCi Carbon secures US$5m investment from Mitsubishi UBE Cement
Japan/Australia: Mitsubishi UBE Cement Corporation (MUCC) has invested US$5m in cleantech firm MCi Carbon, becoming the fourth major Japanese investor alongside ITOCHU Corporation, Mizuho Bank and Sumitomo Mitsui Trust Bank.
The partnership includes a collaboration agreement focusing on mineral carbonation technology and a three-way memorandum of understanding with ITOCHU Corporation.
MUCC will utilise MCi s technology to decarbonise cement production in Japan through CO2 emissions abatement and development of low-carbon materials.
The investment supports the commissioning of MCi s Myrtle mineral carbonation demonstration plant in Australia.
/Global Cement
UAECEMENT.COM
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Feb, 1 ,2025
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