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Skyonic is a technology company.
Skyonic Corporation is an environmental technology company specializing in carbon capture and conversion, transforming industrial carbon dioxide emissions into valuable, carbon-negative chemical products. Its patented SkyMine and SkyCycle processes mineralize CO2, converting gaseous waste into solid carbonates and bicarbonates suitable for long-term storage or commercial use. This innovative approach offers a profitable solution for industries seeking to reduce their environmental footprint.
Joe Jones founded Skyonic in 2005, drawing on a deep understanding of chemical engineering and years of industry experience. His foundational insight emerged from the realization that CO2, often viewed as a waste product, could be a feedstock for new materials. A chemical engineer from the University of Texas, Jones spent 25 years in the chemical sector before establishing Skyonic to pursue this vision for industrial decarbonization.
The company's solutions are designed for large industrial emitters, including power generation and cement manufacturing facilities. Skyonic's vision is to achieve profitable carbon management, demonstrating that environmental sustainability and economic growth are not mutually exclusive. It aims to establish a new paradigm where CO2 emissions are not just captured, but actively utilized to create value and foster a cleaner future.
Skyonic has raised $52.0M across 2 funding rounds.
Skyonic has raised $52.0M in total across 2 funding rounds.
Skyonic is a Texas-based environmental technology company specializing in carbon capture and mineralization, converting industrial CO2 emissions into valuable, carbon-negative chemical products like sodium bicarbonate, baking soda, and limestone for storage or sale.[1][2][7] Its flagship SkyMine technology performs post-combustion capture from flue gas in sectors like cement, coal, and natural gas plants, removing CO2, heavy metals, and acid gases while enabling profitability through byproduct sales and compliance with regulations like EPA standards.[1][2][3] Skyonic serves heavy industry clients facing emission pressures, solving the climate change challenge with an affordable retrofit solution that turns waste into revenue—exemplified by its Capitol SkyMine project capturing 300,000 tons of CO2 annually at a San Antonio cement plant, reducing emissions by 15% and projecting profitability in three years.[1][4]
Founded in 2005 in Austin, Texas, Skyonic emerged from the need to address industrial emissions through innovative mineralization.[2][6] Key leader Joe Jones, President and CEO, brings a BS in Chemical Engineering from the University of Texas and 25 years in semiconductor manufacturing, including starting five wafer-fab plants at TI, AMD, and Cypress, and founding a fabless chip firm and outsourcing company.[2] Another pivotal figure, a Vice President of Engineering with 20+ years in clean tech and energy, conceptualized Skyonic's patented tech, led its development, and managed major plant constructions like AMD's San Antonio fab and a $160M Cypress retrofit.[2] Early traction came via the Capitol SkyMine, the world's first for-profit full-scale CO2 mineralization project at a cement facility, partnering with contractors like TTCL and Eaton for rapid deployment.[1]
Skyonic rides the carbon capture, utilization, and storage (CCUS) trend amid global net-zero mandates and tightening EPA rules on industrial emitters like cement and power plants.[1][3][5] Its timing aligns with post-Paris Agreement incentives for profitable CCUS, where market forces favor solutions mineralizing CO2 into sellable products over pure sequestration, addressing the $1T+ annual industrial emissions challenge.[7] By retrofitting existing plants, Skyonic accelerates deployment in hard-to-abate sectors, influencing the ecosystem through proof-of-concept projects that de-risk tech for peers and attract partnerships (e.g., Eaton, TTCL), while advancing renewable-integrated air purification.[1][6]
Skyonic's pivot to operational plants like San Antonio's SkyMine positions it for scaling amid surging CCUS demand, potentially expanding to more cement, steel, and gas facilities with byproducts feeding chemical markets.[1][4][7] Trends like carbon pricing, IRA tax credits, and AI-optimized electrolysis will boost margins, though competition from direct air capture firms looms. Its influence may grow via licensing SkyMine tech, shaping a profitable path to industrial decarbonization and reinforcing its first-mover edge in mineralization. This turns Skyonic from emissions liability to revenue engine, as proven in its flagship project's rapid payoff.[1]
Skyonic has raised $52.0M in total across 2 funding rounds.
Skyonic's investors include Builders VC.
Skyonic has raised $52.0M across 2 funding rounds. Most recently, it raised $13.0M Series C in May 2014.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2014 | $13.0M Series C | Builders VC | |
| Jun 1, 2013 | $39.0M Series C | Builders VC |