Solid Carbon Secures $17M to Revolutionize Offshore CO₂ Mineralization and Climate Action

Solid Carbon is thrilled to announce that it has successfully raised $17,000,000 in its latest funding round, marking a significant milestone in the pursuit of innovative climate solutions. This exciting funding announcement underscores Solid Carbon’s commitment to transforming how we address atmospheric CO2 levels through a revolutionary approach that converts carbon dioxide into rock. The company is at the forefront of developing an offshore negative emissions technology that captures CO2 directly from the ambient air and injects it below the seafloor into the unique environment of ocean basalt. There, the CO2 reacts with the basalt, resulting in mineralization—a stable, long-term process that locks away carbon safely and permanently. Led by Ocean Networks Canada and supported by a dedicated international team of researchers, Solid Carbon is harnessing cutting-edge science and engineering practices to create a scalable systems approach that is urgently needed to achieve global climate targets. The funds raised will be strategically deployed to advance research and development, refine the injection and mineralization process, and conduct pilot tests that will provide critical proof-of-concept data for future large-scale deployment. Additionally, the investment will accelerate efforts to enhance operational capabilities, refine monitoring protocols, and build partnerships with key stakeholders from both the public and private sectors. This funding not only validates the innovative vision behind Solid Carbon’s approach but also propels the company forward in its goal of making a measurable impact on global carbon emissions. It represents a significant step towards establishing a durable and vast reservoir for CO2 removal, ultimately contributing to a healthier planet and a more sustainable future for all.