Econic gains investment for polymers from carbon dioxide technology

Jane Denny
URETHANES TECHNOLOGY INTERNATIONAL

Published: December 27, 2013 7:09 pm ET
Updated: December 27, 2013 7:15 pm ET

Related to this story

Topics Materials, Sustainability, Materials Suppliers

LONDON -- Catalyst developer Econic Technologies Ltd. has secured a £5.1 million ($8.3 million) cash injection to develop its technology for manufacturing polymers from carbon dioxide.

Econic Technologies' carbon dioxide based polycarbonate and polyols replace between 30-50 percent of traditional petrochemical feedstock resulting in 30-40 percent cost reductions, said the firm.

Chairman David Morgan said: "This additional funding will allow us to accelerate the next phase of our development and to intensify our engagement with customers.

"We are very pleased with the confidence our investors are showing in our technology and its potential," he added.

The investment will allow Econic Technologies to scale up and start commercializing its technology for polyurethane polyols and long-chain polycarbonates.

The grant was put forward by Imperial Innovations – the funding arm of Imperial College London and U.S.-based Jetstream Capital.


Comments

Econic gains investment for polymers from carbon dioxide technology

Jane Denny
URETHANES TECHNOLOGY INTERNATIONAL

Published: December 27, 2013 7:09 pm ET
Updated: December 27, 2013 7:15 pm ET

Post Your Comments


Back to story


More stories

Image

Plastics industry blasted for stance in green building debate

July 22, 2014 2:45 pm ET

The plastics industry has taken high-profile stance in the debate over green building standards. The result, today at least, is that it's getting...    More

Image

Plastics help designers bring home the gold

July 22, 2014 2:15 pm ET

Products with polymer content received multiple gold recognitions in the 2014 International Design Excellence Awards.    More

Image

Evolving with the times helps Ohio's Midwest Elastomers prosper

July 22, 2014 12:53 pm ET

Midwest Elastomers Inc. is 35 years old this year, and if the company hadn't abandoned its roots and evolved, it long ago could have gone the way of...    More

Image

DSM planning North American nylon plant

July 22, 2014 11:41 am ET

Materials firm Royal DSM NV plans to build a new nylon resin plant in North America, but no decision has been made on the plant's exact location.    More

Image

Beer maker Carlsberg enlists suppliers for 'upcycling' project

July 22, 2014 11:14 am ET

Carlsberg Breweries A/S in Denmark has started an ambitious project with its suppliers to optimize its packaging for the purpose of “upcycling.&...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events