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SAN ANTONIO, TX, March 25, 2025 – CarbonFree has been awarded on both the World’s Top GreenTech

Companies 2025 and America’s Top GreenTech Companies 2025 lists. This prestigious award is presented by

TIME and Statista Inc., the leading statistics portal and industry ranking provider. The award lists were

announced on March 25th, 2025, and can be viewed on TIME’s website.

Statista ranked the winners based on three evaluation criteria:

● Positive environmental impact: The scoring is based on impact data such as the quality and impact of

their product/service portfolio, as well as the expertise of their leadership team provided by HolonIQ

● Financial strength: The scoring is based on the analysis of financial data points e.g., revenue,

employee or funding information

● Innovation drive: The scoring is based on the Patent Asset Index featured in LexisNexis® Intellectual

Property Solutions

In support of the research, Statista gathered data from company applications, annual reports, media

monitoring, and other public sources. Additionally, Statista worked with specialized data partners HolonIQ

and LexisNexis® Intellectual Property Solutions to further strengthen the data quality.

Based on the study results, CarbonFree is ecstatic to be recognized on both The World’s Top GreenTech

Companies 2025 and America’s Top GreenTech Companies 2025 by TIME.

Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media

partners. This research and analysis service is based on the success of statista.com, the leading data and

business intelligence portal that provides statistics, relevant business data, and various market and consumer

studies and surveys.

“Carbon capture utilization and sequestration will be critical for helping hard-to-abate industries cut their

emissions and waste, and having the ability to bring these solutions online within the next 2-3 years plays to

the industry’s advantage,” said Martin Keighley, CEO of CarbonFree. “Being recognized with both the World’s

Top GreenTech Companies and America’s Top GreenTech companies is a testament to being at the forefront

of innovation, sustainability, and excellence.”

CarbonFree recently announced its first zero-carbon mineral, endurocal®, to offer superior performance and

functionality to both precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). Made from

100% pre-consumer recycled raw materials, endurocal offers the versatility to either improve existing

formulations or create new ones for a wide range of applications from enriched bread to a brighter can of

paint,

San Antonio, TX – June 10, 2024– CarbonFree, a leader in carbon capture and utilization technology, today announced the appointment of Jody Black as Chief Operating Officer, effective immediately. Black’s expertise in the chemicals and carbon capture industries will help the company scale by driving operational excellence, enhancing strategic leadership and unlocking new revenue streams within the specialty chemicals market.

Black has more than 25 years of project management experience at leading companies in the chemicals and petrochemicals space. He held positions as Chief Executive Officer at FQE Chemicals and Executive Vice President and Head of Business Units at Linde Engineering, where he was directly responsible for reduced operating costs and increasing year-over-year revenue growth. Prior to this, he was Program Director at Alstom Power, where he was responsible for the construction of the first CO2 sequestration plants in North America and Europe.

As Chief Operating Officer at CarbonFree, Black will oversee the streamlining of production processes for safe operation to optimize resource allocation, improve quality control measures, identify market opportunities and foster collaboration with key stakeholders. 

“Jody’s track record in the chemicals and carbon capture industry makes him an invaluable addition to our executive team, rounding out a robust group of innovators dedicated to a greener future,” said Martin Keighley, CEO of CarbonFree. “Operational excellence is critical to the success and profitability of carbon capture business models, and Jody’s background and commitment to safety, efficiency, and collaboration further empowers us to lead the charge in revolutionizing how hard-to-abate industrial plants can manage their carbon emissions.”

CarbonFree is committed to decarbonizing hard-to-abate industries and global supply chains through innovative carbon capture utilization technology, converting emissions into specialty-grade, carbon-neutral calcium carbonate, which is used to manufacture an array of everyday products like paper and paint. Black’s appointment will be critical for ensuring the seamless development and successful operation of CarbonFree’s first plant with U. S. Steel, which will capture and mineralize 50,000 metric tons of carbon emissions equivalent to nearly 12,000 passenger vehicles per year.   

“As carbon capture technologies emerge as a new way to decarbonize heavy industries, we must also chart a sustainable path forward for captured emissions,” said Jody Black, Chief Operating Officer at CarbonFree. “Converting emissions into valuable chemicals not only permanently sequesters the harmful CO2, but also presents the chemicals markets with the first ever zero-carbon mineral product. I look forward to leveraging my experience in operations and project management to support the company’s goal of decarbonizing global supply chains and addressing the challenges of hard-to-abate industries.”

For more information, visit https://carbonfree.cc/. 

About CarbonFree

CarbonFree is a carbon capture company committed to the decarbonization of hard-to-abate industries and global supply chains. Its SkyCycle technology captures carbon dioxide produced from industrial plants before entering the atmosphere then converts the emissions into chemicals that are pivotal to the specialty chemicals market. CarbonFree’s first-generation technology, SkyMine, has been operational since 2016 and is one of the world’s first and largest industrial-scale carbon mineralization facilities, operating alongside a cement factory in San Antonio. CarbonFree is a member of Carbon Capture Coalition (CCC), Decarb Connect, and American Iron and Steel Institute (AISI) and was part of the first Carbon to Value (C2V) Initiative cohort. 

Media Contacts

CarbonFree Media Relations

Email: carbonfree@berlinrosen.com

Investors Select CarbonFree and its Innovative SkyCycle^TM Technology Among 110 Companies

We are delighted to be on the top 10 list, which underlines the urgency of bringing low cost, secure and scalable CCUS technologies like SkyCycle™ to market. From the fires in the west to the hurricanes in the east and weather extremes all around, we know that more and more global leaders are looking for answers. I’m proud of the company that we’ve created and thrilled about the potential for CarbonFree to be a part of the solution.

Martin Keighley, CEO of CarbonFree

At the 18^th Annual Energy Tech Venture Forum, CarbonFree was selected for special recognition among the 110 companies pitching via investor votes from the more than 90 major venture capital firms present. The forum, hosted by Rice University’s nationally-recognized Rice Alliance for Technology and Entrepreneurship, provides an opportunity for business leaders to learn about the latest emerging technologies, discover investment opportunities and network with entrepreneurs, researchers, investment professionals and business executives all across the energy industry. The 2020 event was the largest forum in the event’s 18-year history with more than 110 energy ventures—which have raised over $655 million combined— participating.

With an audience of 1,500 virtual attendees, CarbonFree introduced SkyCycle™, a patented industrial-chemical mineralization technology that captures carbon emissions on a megaton scale to make usable or safely storable products. CarbonFree plans to raise $10 million to develop SkyCycle™ and build the first commercial carbon capture plant within two years,. SkyCycle™ follows CarbonFree’s development of the world’s first industrial-scale carbon mineralization facility, SkyMine^®, which produces baking soda from cement plant flue gas.  SkyCycle™ is already backed by energy-savvy investors including Fortistar, Braemar Energy Ventures, BP Ventures, Husky Partners, Berg & Berg and Apollo Investments.

Mark Comora, President of Fortistar said, “We’re proud of CarbonFree’s rapid progress towards making its carbon capture process an industrial and commercial reality. Our investment in CarbonFree was driven by Fortistar’s mission to lead investments in lasting solutions to challenging problems and we’re delighted to do our part to bring CarbonFree’s paradigm-shifting technologies to the global market.”

Throughout the 3-day event, more than 93 investment groups participated in the forum or took office hours. The event kicked off with a keynote from Maynard Holt, CEO of Tudor, Pickering, Holt & Co. and closed with a special announcement on the launch of the new Rice Alliance Clean Energy Accelerator. A recording of the event is available on the Energy Tech Venture Forum website.