Mantel Selected as 2026 World Economic Forum Technology Pioneer 

CAMBRIDGE, Mass, June 10, 2026 – Mantel, the leading provider of energy-efficient and cost-effective carbon capture, has been named a 2026 Technology Pioneer by the World Economic Forum, joining the Forum’s Center for Nature & Climate community. The recognition comes as the company moves into commercial deployment across some of the world’s hardest-to-abate industries.

Global carbon capture, utilization, and storage (CCUS) deployment will need to scale rapidly over the coming decade to reduce emissions, particularly across heavy industry, which is responsible for roughly  two-thirds of annual global greenhouse gas emissions. That scale-up depends on technologies that can reduce costs and perform reliably in real industrial environments. Mantel is focused on that challenge with its high-temperature molten borate carbon capture system, designed to integrate directly into existing industrial processes while recovering waste heat as usable steam.
The company is currently deploying across a range of industries, including power generation, oil & gas, manufacturing, among others, through projects that are expected to scale to millions of tonnes annually. Mantel was recently selected as the carbon capture technology partner for the proposed TerraSpark Energy Campus in West Virginia, a U.S. Department of Energy-supported project that will integrate Mantel’s technology into a large-scale coal-fired power plant.

Building on that momentum, Mantel is progressing several key commercial milestones. Mantel recently announced a front-end engineering and design (FEED) study for a commercial-scale project with one of Canada’s largest oil and gas producers, integrating its molten borate system into a steam-assisted gravity drainage (SAGD) operation to capture 60,000 tonnes of CO₂ per year. This year, Mantel will also begin capturing 2,000 tonnes of CO₂ per year at Kruger’s Wayagamack Mill in Quebec, representing Mantel’s first operating deployment inside a commercial industrial facility. As its project pipeline expands, Mantel has also partnered with Wood to help deliver projects at industrial scale.

“This recognition from the World Economic Forum comes at an important time for Mantel,” said Cameron Halliday, co-founder and CEO. “Our first commercial installations are underway, our pipeline continues to grow, and industrial partners are ready to act. Being part of the Technology Pioneers community will help us accelerate that progress alongside the policymakers, operators, and investors driving industrial decarbonization.”

Mantel’s molten borate system is designed to address long-standing challenges facing carbon capture approaches, which have historically struggled with high energy penalties and costs. By operating at the high temperatures already present in industrial facilities, the system captures CO₂ while continuously recovering thermal energy, improving overall process efficiency.

The system has demonstrated up to 97% lower energy losses compared to conventional carbon capture technologies, produces CO₂ streams of more than 99.9% purity, and is targeting capture costs below $50 per tonne at scale. Over the past twelve months, demand for Mantel’s technology has continued to accelerate, with a strong pipeline of projects spanning both existing and prospective industrial partners. Support from strategic investors including Shell Ventures, bp Ventures, and Eni Next underscores growing industry confidence in Mantel’s role in advancing large-scale industrial decarbonization.
World Economic Forum Technology Pioneers are selected based on their potential to shape business and society through breakthrough innovation. This year’s cohort brings together 100 early-stage start-ups from 23 countries working across AI, energy, health, manufacturing, space, and the bioeconomy to tackle some of the world’s most urgent and complex challenges.

About Mantel Capture
Mantel is the carbon capture company built for heavy industry. Our high-temperature, liquid-phase carbon capture system uses a proprietary molten-borate that integrates directly into industrial operations. Mantel’s system reduces energy losses by 97% and operates at less than half the industry-average cost per tonne. Backed by leading global energy investors, including Shell, Eni, and bp, Mantel is deploying across power generation, oil & gas, pulp & paper, chemicals, and other critical sectors. For more information, visit mantelcapture.com or email info@mantelcapture.com.

About Technology Pioneers

Launched in 2000, the Technology Pioneers is a leading community for early-stage companies from around the world that are shaping the future through breakthrough technologies and innovations. These companies are selected for their potential to have a significant impact on business and society and are invited to engage with public and private sector leaders through the World Economic Forum’s global platform. The Technology Pioneers community is part of the Innovator Communities at the World Economic Forum, which convene the world’s leading global start-ups across different growth stages from early-stage Technology Pioneers to growth-stage Global Innovators and unicorn companies valued at more than $1 billion.

Media Contact
LaunchSquad for Mantel
mantel@launchsquad.com