TAGS: Sustainability / Natural Coatings
Econic Technologies signs a memorandum of understanding with Sanyo Chemical. The companies will assess Econic’s technology to produce CO2-based polyols for use in sustainable, high-performance polyurethanes. Econic Technologies is a deep tech company focused on renewable carbon.
Renewable Carbon-based Polyols
Econic’s technology is based on a proprietary catalyst and process. It allows manufacturers to replace up to 30 percent of the fossil-based component in their polyols with captured CO
2. The resulting high-performance polyols can be used in foams, laminates, coatings, and elastomers for various applications. This includes furniture and mattresses, automotive, construction, footwear and apparel, and many other industrial uses.
“
Commercializing products based on renewable carbon is increasingly important in light of climate change and the need to shift to a circular economy,” said Keith Wiggins, chief executive officer, Econic.
“
By essentially upcycling and extending the life of captured CO2 that is already above ground, carbon utilization technologies have an important role to play. We are pleased to have reached an understanding with Sanyo Chemical to explore bringing our solution for renewable carbon to Japan’s manufacturing sector,” added Wiggins.
Changhua in China, Monument Chemical in the US and Manali in India have already licensed Econic’s technology. Industrial quantities of PCE polyols based on Econic’s technology will be available in the market later this year.
Source: Econic Technologies