Mitico

Mitico (formerly C-Quester) offers state-of-the-art services and equipment to capture carbon dioxide (CO2). Based upon original research and development done at Caltech under Professors Hunt and Hoffmann, Mitico delivers carbon neutrality for traditional electricity production without sacrificing cost or reliability. Its patent-pending granulated metal carbonate sorption technology (GMC) captures over 90 percent of the CO2 emitted from post-combustion point-sources (flue gases). With a low footprint and few permitting requirements, GMC is easily and quickly fitted to existing gas-fired power plants. As such, these plants are able to continue operating through their full life-cycle, as well as at night and during poor weather when renewables are forced to rely upon previously stored energy. Mitico is able to offer carbon capture and storage (CCS) as a service for approximately $60 per ton of CO2. The client keeps ownership of the CO2 captured and can obtain applicable tax benefits (e.g., 45Q).

• Clement Cid

  CEO and co-founder