Skyonic Corp. given $25M energy grant (Austin)

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 — a potential replacement for existing scrubber technology— 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.

Read more in the Austin Business Journal.