UAE-based industrial gas company Gulf Cryo has signed a memorandum of understanding (MoU) with the climate startup CO2minX, founded in 2025 in Saudi Arabia to develop carbon dioxide mineralization technologies.
The process converts captured CO2 and industrial waste into sustainable, low carbon footprint mineral materials. Through this partnership, the two companies will combine CO2minX’s innovative technology with Gulf Cryo’s infrastructure and market presence to create an integrated carbon mineralization platform.
Founder and CEO of CO2minX, Mouadh Addassi wrote on LinkedIn: “The fit is natural: our mineralisation technology, their CO2 infrastructure, application expertise and regional reach.”
His company is developing technology to convert captured carbon dioxide into stable carbonate minerals using feedstocks such as volcanic basalt and brine from desalination processes.
It enables the production of high-purity mineral fillers, including precipitated calcium carbonate, as well as metal-mineral composites. These materials are used in the manufacture of low-carbon cement and other sustainable construction products, helping to reduce the construction sector’s carbon footprint.
New generation of CO2 capture and utilization technologies
According to Carbon180, the technology has the potential to remove between 5 and 10 gigatons of CO2 annually by 2050.
Although injecting dissolved CO2 into basalt formations ensures its permanent storage through mineralization, increasing attention is being drawn to technologies that not only store carbon but also convert it into valuable commercial products.
Relevant: Emsteel And Gulf Cryo Partner On Carbon Capture And Utilization
The sector has made significant progress over the past year. In March, several startups joined forces in a new coalition to develop CO2 mineralization technologies aimed at reducing carbon emissions in the construction industry.
Earlier this month, a project led by the Global Center for Maritime Decarbonisation reached two major regulatory milestones. It received recognition under the EU Emissions Trading System and approval in principle for carbon mineralization as a permanent CO2 storage method.
Read more: New Yale Method Tackles “Forever Chemicals” On Farms While Capturing CO2 At Low Cost
