Econic attend 64th Annual CPI Polyurethane Technical Conference in US

This year was the 64th Technical Conference for the Centre for the Polyurethanes Industry (CPI). Taking place annually, this is a key fixture for North American polyurethane manufacturers, suppliers and innovators. This year it was held in National Harbor, at the Gaylord Convention Centre and several members of the Econic team attended.

Following the disruption due to the COVID-19 pandemic, industry leaders clearly welcomed the return to normality: meeting face-to-face and discussing the key trends within their sector. Polyurethanes are found in a range of every day products including mattresses, vehicles, footwear, textiles and building insulation materials. Manufacturers operating across these segments convened at the conference to collaborate on the latest industry changes and innovative developments.

Sustainability was a hot topic with several conference sessions covering different aspects, including recyclability, bio-based feedstocks and sustainable design initiatives. The EU regulatory bodies remain a driving force in the circular economy initiatives, as discussed in presentations from EUROPUR. The regulations will drive manufacturers to consider the end-of-life strategy for their products. Evoco presented their bio-based chemistry for footwear applications, showing the promising performance results and biodegradability at end of life.

Recycling schemes were also discussed and it is clear that significant barriers remain with respect to infrastructure for collection, separation of disparate materials and decisions between chemical and mechanical recycling processes. Evonik presented their hydrolysis-based chemical recycling process for PU foams, which has reached pilot scale.

Econic’s unique technology that transforms captured, waste CO2 into useful products is currently being used to manufacture polyols for use in polyurethane foams. These foams traditionally utilize fossil-fuel based ingredients and a range of potentially hazardous additives. What is undeniably clear from the sessions at CPI is that a range of technologies must be adopted to transform the PU supply chain into a circular economy framework. The enthusiasm for the topic at this year’s event demonstrates an appetite for change. Econic is ready to help the industry transform.


Get in touch to find out how we can help turn waste CO2 into added value for your business.

Author, Anthea Blackburn

Econic Technologies continues global development of CO2-containing polyols market with new India partnership

The agreement with Manali Petrochemicals Limited will see the Indian market leader retrofit an existing production facility to commercialise Econic’s carbon-to-value technology.


London, 19 July 2022 – Econic Technologies, the UK’s deep-tech carbon-to-value pioneer, has today announced the finalisation of a Joint Development and Technology Transfer Agreement with Manali Petrochemicals Limited (MPL), the market leader and only integrated polyol producer in India.

The signing of the legal agreement sets the next stage of the Econic-MPL partnership to scale up and manufacture CO2 containing polyols initially in Manali’s demo scale facilities, followed by retrofit of Manali’s 12,000+ industrial scale reactors with Econic’s proprietary process. Both companies are aligned to drive the commercialisation of CO2 containing polyols for use in essential polyurethane products to meet consumer demand.

The agreement consolidates the Memorandum of Understanding the two organisations entered into last year and represents a significant step in the global scale-up of Econic Technologies and its catalyst and process technology. It also reflects the Indian market-leader’s vote of confidence in Econic in the company’s ground-breaking technology. The future reaching long-term partnership is of strategic importance for both companies and presents important opportunities to respond to customer demand for sustainable options of CO2 containing products.

Ashwin Mutiah | Chairman, AM International, Keith Wiggins | CEO, Econic Technologies, Ravi Muthukrishnan | Managing Director, MPL, Hugo Chardon | Head of Strategy, AM Investcorp

Keith Wiggins, CEO of Econic Technologies, said of the new agreement:“We appreciate this next development in our partnership with MPL and the opportunity to work with them as a pioneering licensee of Econic’s technology in one of the biggest and fastest growing geographies. There is undeniable momentum for solutions that meet consumer demand for more sustainable products made using waste CO2, and we’re delighted to be leading the way together in this area.”

Ashwin Mutiah, Chair of AM International, Manali’s parent company said: “Science and innovation will play a key role in ensuring that our manufacturing plants implement eco-friendly and cost-efficient technology. MPL’s partnership with Econic Technologies brings significant R&D-led improvements to the production process. Alongside delivering a greener product to our customers, it reaffirms our ESG commitment towards a carbon neutral planet.”


Please get in touch for more information, or to find out how we can help turn waste CO2 into added value for your business.

Author, Anthea Blackburn

ECONIC AND CHANGHUA ANNOUNCE LICENSING AGREEMENT TO DEVELOP AND GROW CO2-BASED POLYURETHANES IN CHINA

Econic Technologies is scaling its pioneering deep-tech carbon-to-value technology with partnership in the industry’s most important market.


9th June 2022 – Econic Technologies, the deep-tech carbon-to-value pioneer, has today announced a ground-breaking partnership with leading independent Chinese polyol and polyurethanes company Changhua Chemical Technology Company Ltd, part of Jiangsu Changshun Group. The partnership was marked in a ceremonial signing on 8th June attended by the Mayor of Jiangsu province, where Changhua is based.

This multi-year partnership is born from both companies’ shared values – namely, the creation of a market for CO2 products, in line with the global drive to achieve net zero and to meet increasing consumer demand for more sustainable products. By replacing oil raw materials with waste CO2 in essential polyurethane products, both companies will sustainably grow the market. The collaboration is an important step in the emerging carbon-to-value sector.   

The agreement involves both parties collaborating to develop CO2-based polyurethane products to be manufactured in China and sold under license in China and worldwide. It will involve Changhua building the first dedicated production plants for these products to serve the growing demand for sustainable products. Both companies are aligned to make a serious contribution to carbon reduction and to drive the sustainable advancement of the polyurethane market.

Dr Gu, Chairman of Changhua Chemical Technology, commented: “In line with my company’s mission to grow and be recognized as the most innovative and sustainable polyurethane producer in the world, we identified Econic’s technology as being best-in-class for incorporating CO2 into polyurethanes. This long-term agreement demonstrates Changhua’s leadership and ambition in the sector.”

Keith Wiggins, CEO of Econic Technologies, commented: “We are honoured to be partnered with Changhua, China’s leading innovator of polyurethanes. Working with Changhua to this point has reinforced our shared values, and we are excited to build with them a sustainable future that creates value from CO2 to make essential polyurethane products better.”

The partnership with Changhua follows Econic’s recent announcement of the first round of a multimillion-pound capital raise, and receipt of a UK Government funding award.


Please get in touch for more information, or to find out how we can help turn waste CO2 into added value for your business.

Author, Anthea Blackburn

Econic Technologies raises funds for commercialisation with incoming investor Capricorn, and OGCI Climate Investments

Carbon-to-Value company Econic Technologies has successfully closed the first round of its latest fund raise to support commercialisation of their CO2 utilisation technology.


27 April 2022 – Econic Technologies, deep-tech carbon-to-value pioneer, today announced that it has closed the first round of a multimillion capital raise. The investment will accelerate the company’s route to commercialisation as it responds to increasing customer demand for sustainable ways of using carbon dioxide (CO2) to replace oil derived components in household and industrial products.

The round was led by incoming investor, Capricorn Sustainable Chemistry Fund, with follow-on support from existing investor OGCI Climate Investments. They are backing the scale up of Econic’s catalyst and process technology that transforms waste CO2 into a valuable raw material for use in essential every-day products, reducing their carbon footprints by up to 30%.

The company will first incorporate CO2 into polyols – used in polyurethane products for mattresses, insulation, textiles, light-weighting vehicles, amongst many other applications including coatings and adhesives. In addition, Econic is developing CO2 based surfactant ingredients for use in cleaning, home and personal care, and industrial products. These applications currently use millions of tonnes of oil-based raw materials every year. Econic’s technology uses CO2 that would otherwise be emitted to the atmosphere or stored for generations to replace up to 50% of the oil-based component.

Both Capricorn Partners and OGCI have leading, dedicated funds that align very closely with Econic’s ambitions to help drive the world to net zero.

Keith Wiggins, CEO of Econic Technologies, commented: ‘We’re delighted to welcome Capricorn Partners, one of the leading investors in sustainable chemistry-based solutions. Their expertise, in collaboration with ongoing support from OGCI, will allow Econic to respond to growing customer demand for our technology and to create value from using captured CO2 in everyday products.’

Yvette Go, Investment Director at Capricorn Sustainable Chemistry Fund, commented: ‘Econic offer a fantastic and innovative chemical technology for the sustainable manufacture of polymers with reduced environmental impact. We’re so pleased to be coming on board to work with the team as they bring their product to market’.

Matthew Harwood, CSO at OGCI Climate Investments, commented: ‘We are very excited about the commercial interest we are seeing globally in Econic as consumer-facing companies seek to reduce the carbon footprint of their products. We’re looking forward to continuing to support them during this pivotal point in their commercial progress.’


Please get in touch for more information, or to find out how we can help turn waste CO2 into added value for your business.

Author, Anthea Blackburn

LCA finds Econic’s catalyst saves equivalent in emissions reduction to planting 189 million trees

Econic Technologies has today published the findings of an independent lifecycle assessment (LCA) of its technology by PRé Sustainability. This work has certified that the use of its catalyst technology reduces CO2 emissions by 30% compared with the traditional manufacture of polyols, which are used in the production of polyurethane, a ubiquitous and essential material. 

The world consumes 11 million tonnes of polyol in polyurethane products per year, a multi-functional material used in a host of diverse everyday applications. Econic Technologies’ catalyst technology turns CO2 into useful carbon, allowing producers to incorporate it into their products, replacing oil-based feedstocks. The assessment is an important validation of Econic’s innovative technology, supporting the commercialisation of its catalyst as its customers drive to achieve net zero.

The lifecycle assessment found that for every tonne of CO2 used as a raw material, at least three tonnes of emissions are avoided, primarily due to a significant reduction in the requirement for energy-intensive traditional raw materials. The impact of the technology when adopted across the key polyurethane sector is a reduction of CO2 equivalent to taking 2.5 million cars off the road or planting 189 million trees per year.

 As well as offering clear environmental benefits, Econic’s catalyst technology also enhances the performance of end products. For example, insulation products become even more carbon negative over their lifetime, whilst also keeping homes warmer and food cooler as well as offering improved flame resistance. Flexible foams, used in products like mattresses and cushions, typically last longer, whilst coatings and elastomers also become more durable, thereby increasing the lifespan of buildings, textiles and essential equipment.  

Keith Wiggins, CEO of Econic Technologies, said: “With COP26 approaching, it is appropriate to showcase how to create sustainable value from captured carbon emissions. This independent lifecycle assessment demonstrates that Econic’s carbon-to-value technology will grow in importance, contributing strongly to the decarbonisation agenda.

As consumers drive demand for more sustainable products, with regulatory reform and greater social responsibility, greater numbers of manufacturers are decarbonising their supply chains. Econic Technologies offers these businesses an innovative solution. Manufacturers are able to bring their customers more sustainable, higher-performing and more cost-effective products today using CO2.

Professor Nilay Shah, Head of the Chemical Engineering department at Imperial College London, who reviewed the LCA before publication as an independent expert in low carbon process technologies, said: “As the CCUS sector grows in economic and political importance, systematic and independent LCAs will be vital in underpinning confidence in the sector.

Econic is one of the early pioneers in the sector and so the positive LCA is not just an endorsement of its catalyst, but in the validity of the CCUS as an industry.


About Econic’s Lifecycle Assessment

Econic commissioned PRé Sustainability, to run an independent lifecycle assessment (LCA) of its innovative polyol production process, which replaces up to 35 wt% of traditional and expensive oil-based raw materials with captured CO2. The environmental impacts of Econic’s polyol production process were compared to those of traditional polyols in a cradle-to-gate assessment, and considered raw material production, raw material transportation, and polyol manufacture. The study was critically reviewed by an expert in the field to ensure compliance to ISO standards 14040 and 14044.


Please get in touch for more information, or to find out how we can help turn waste CO2 into added value for your business.

Author, Anthea Blackburn

Econic Technologies appoints a new CEO as it enters its next phase

Catalyst technology company, Econic Technologies, has appointed Keith Wiggins as its new CEO to lead the next stage scale up and commercialisation of the business.


The leader in CO2 utilisation technology, Econic Technologies, has today announced the appointment of Keith Wiggins as its new CEO. Wiggins will take over from Dr Rowena Sellens who will retire after eight years of leadership, having taken the company to its market-leading position from a spin-out start up. The firm is now ready to scale the commercialisation of its unique catalyst technology amongst customers looking to achieve net zero carbon and core sustainability objectives.

The key next stages in this process are to progress key partnerships alongside a forthcoming fund raise on the back of recently secured investment from existing shareholders and the UK government’s Future Fund.

Wiggins brings broad experience of successfully running advanced manufacturing businesses and commercialising technologies across global markets. His international career spans senior leadership positions with leading multinationals and early stage companies.

Keith Wiggins, CEO of Econic Technologies, commented: ‘It is an honour to be joining Econic Technologies at a time when the business is poised to scale and commercialize. Rowena and the team have developed a world class technology that brings environmental, cost and performance benefits to customers, at a time when the world is demanding sustainable solutions for CO2. I look forward to being part of the growth story ahead.’

Wiggins replaces the retiring Dr Rowena Sellens, who was appointed in 2014 and oversaw Econic Technologies’ initial funding rounds; the launch of a UK-first customer demonstration facility; and the conclusion of the firm’s first joint development agreements, including a partnership with Drax. Dr Sellens will use her retirement to explore a number of non-executive roles.

Dr Rowena Sellens, former CEO, commented: ‘Overseeing the growth of Econic Technologies has been a real labour of love. Thanks to the incredible hard work of a team that I was so proud to lead, the business has gone from strength to strength. I am very happy to be passing the reins to Keith, who brings fresh perspectives and deep experience that will help the catalyst complete the final stages of commercialisation. I wish him well, and look forward to watching the firm’s continued growth.’


For more information contact:

Mr Leigh S Taylor, Head of Sales & Licensing
+44 (0)1625 238 645 | l.taylor@econic-technologies.com


Get in touch to find out how we can help turn waste CO2 into added value for your business.

Author, Econic

CO2nversations – Noushin Zaynalzadeh

The transfer of Econic’s technology, from laboratory, to pilot plant and then to a large-scale industrial production plant, is a process fundamental to the commercialisation of Econic’s world leading sustainable catalyst technologies.  Noushin Zaynalzadeh, one of our Process Engineers, is key in leading and managing the steps required to take our process off the drawing board and from the bench, and into reality.

Ensuring that the fundamentals of our process are captured in such a way that end users or engineering partners can translate them into pipework and steel is a key responsibility for Noushin.  The process must not only be captured accurately and efficiently, but most importantly safely.

“Working across many functions and teams within Econic, from research, process development and on to our Customer Demonstration Facility involves understanding a huge array of scientific and engineering concepts, which can certainly be challenging, but is also very rewarding. Add into that mix liaising with our external engineering partners to bring all of these pieces of information together into a cohesive framework – it certainly keeps me on my toes!”

As we move closer to the commercialisation of our catalyst technologies, Noushin’s contribution to such developments form a cornerstone of our ability to deliver the Econic technology to the market, helping our customers to realise the full potential of incorporating waste CO2 into their polyol and downstream plastics applications.


Get in touch to find out how we can help turn waste CO2 into added value for your business.

Author, Econic

Econic Technologies awarded Innovate UK grant

Econic Technologies awarded Innovate UK grant to support further development of its’ pioneering technology to help fight climate change.

Econic Technologies has been awarded an Innovate UK grant under the Sustainable Innovation Fund framework to support further development of its’ pioneering technology to help fight climate change by facilitating the use of waste CO2 as a raw material, replacing expensive oil-based feedstocks, in polymer manufacture.  The grant, which supports a nine-month programme of innovation, was secured by the Econic team to allow greater resource focus on the process of recycling Econic’s innovative catalyst and will contribute to Econic’s R&D expenditure.

Dave Walker, Head of Process Development, Econic Technologies, commented:

“This is fantastic news for Econic.  This grant will allow us to support and accelerate our development, bringing enhanced performance to our already world leading technology package”.  


For more information contact:

Mr Leigh S Taylor, Head of Sales & Licensing at Econic Technologies
+44 (0)1625 238 645 | l.taylor@econic-technologies.com


Get in touch to find out how we can help turn waste CO2 into added value for your business.

Author, Econic

Econic Founder Awarded OBE in 2020 Queen’s Birthday Honours

Econic Founder and CSO, Prof. Charlotte Williams

Econic Technologies is delighted to announce that that founder and inventor, Professor Charlotte Williams, has been awarded an OBE in the Queen’s birthday honours list 2020

Professor Williams, currently Professor of Inorganic Chemistry at the University of Oxford, has received her OBE (Officer of the Order of the British Empire) for services to Chemistry.

Rowena Sellens, CEO, Econic Technologies, commented:
Charlotte’s passion for chemistry has continued to drive both her thriving academic career and contribution to Econic Technologies. We are delighted to work closely with Charlotte within Econic while she continues to deliver world leading research in a busy academic role.  Without doubt everyone is proud of such deserved recognition of her achievements.”


For more information, contact:
Mr Leigh S Taylor, Head of Sales & Licensing at Econic Technologies
+44 (0)1625 238 645 | l.taylor@econic-technologies.com


Get in touch to find out how we can help turn waste CO2 into added value for your business.

Author, Econic

CO2nversations – Michael Kember

As Econic grows significantly and moves towards commercialisation, so too do our scientific innovations. These technological developments form part of the foundation, and the future, of our company, so it’s important that we protect them, in the same way that you would your house or car. This is where Dr Michael Kember, our Head of Research and Intellectual Property, and also a co-founder of Econic, steps in.

Mike determines the direction that our research team take in the development of new generations of catalysts and CO2-containing polymeric products, not only in terms of the fundamental scientific developments, but also in their protection as Econic’s intellectual property. This task requires Mike and the team to have a forensic understanding of the current IP landscape to see where and how Econic fits in, and the directions  future technology innovations can take. “It is important that we protect our catalyst technologies at all stages of development.” Mike states, “This protection is crucial in establishing the place of our unique catalyst systems’ foothold in the market. It also allows our customers the freedom to use these technologies in their own business processes, opening up the advantages of CO2-based polyols and materials.”

Econic’s IP portfolio is an ever-evolving, growing collection, currently consisting of more than 30 granted patents that span from polymerisation catalysts and the processes used in our technology, to enhanced polyurethane products made using CO2-containing polyols. This portfolio will only continue to diversify as we develop new generations of our catalyst technologies for use in the polyols for the polyurethane market, and, looking ahead, to wider plastics markets. The potential is far-reaching and we are only just scratching the surface.


Get in touch to find out how we can help turn waste CO2 into added value for your business.

Author, Anthea Blackburn