BluSky Carbon Inc. has become a publicly traded company on the Canadian Securities Exchange, trading under the symbol BSKY. The company raised $5,750,000 by issuing 11,500,000 units at $0.50 per unit. Each unit includes one common share and a half-share purchase warrant, with a warrant exercise price of $0.75 until June 2026. The funds will be used to expand facilities, marketing, research and development, and general administrative purposes.

BluSky Carbon focuses on innovative carbon removal solutions, combining biomass pyrolysis, carbon mineralization, and direct air capture (DAC) in a single system. Their “Vulcan” pyrolysis system converts organic waste into biochar, producing surplus syngas used to generate electricity for their operations. The process locks some CO2 in the biochar, while the rest is captured and mineralized into stable carbonates using their “Medusa” system.

The surplus energy also powers the DAC process, “Kronos,” which captures CO2 directly from the air and mineralizes it. This integrated approach maximizes carbon removal efficiency. BluSky’s business model includes operating its own carbon removal facilities and offering equipment and project development services to other companies, along with selling carbon removal credits.

Founded in 2021, BluSky has already activated its Vulcan II pyrolysis system, capable of removing 800 tons of CO2 per year. They are developing the Vulcan Heavy, expected to remove 20,000 tons of CO2 annually. BluSky has projects underway, including a municipal biochar project in Minneapolis and a carbon removal facility in North Texas. The company aims to deploy multiple facilities globally to achieve significant carbon dioxide removal, with plans to announce further technological advancements soon.

READ MORE: Carbon Removal Startup BluSky Becomes Public, Aims To Scale Innovative Pyrolysis + DAC System