Chemical engineering firm Skyonic Corp. said Tuesday it has raised $128 million to push forward with technology that would turn carbon dioxide emissions into profitable products.
The Austin-based company said it will use the funding to build a carbon capture facility at a cement plant in San Antonio. The facility, which is scheduled for completion in late 2014, is intended to trap 83,000 metric tons of carbon dioxide a year from the Capital Aggregates Inc. cement plant, officials said.
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