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.
