Shell Backs Climate Technology Start-up for Emissions Reduction: Report

Shell PLC (NYSE:SHEL), along with ENI S.p.A. (NYSE:E), reportedly have spearheaded an initial funding round for Boston-based climate technology start-up Mantel Capture.

Mantel Capture is developing a method to use molten salts to capture carbon dioxide emissions from refineries, factories, and other industrial sites, reported Reuters.

Mantel aims to extract 95% of carbon from smokestack emissions using molten salts.

The company claims this method is particularly cost-effective, leveraging the high temperatures within industrial furnaces and boilers to minimize the additional energy needed compared to other capture technologies.

As per the report, the $30 million secured in the Series A ...