Econic met with Bill Gates and UK Prime Minister Rishi Sunak this week to discuss our ground-breaking CO2 utilisation technology.

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London, 15^th February 2023 – Imperial College hosted the event, which launched the Cleantech for UK coalition. Econic were invited to participate to showcase examples of UK cleantech innovation. We exhibited our technology alongside other innovators including hydrogen storage technology company H2GO and agrochemical innovators Crop Intellect. Our CEO Keith Wiggins attended the event along with co-founder Dr Mike Kember and Surfactants Lead, Dr Anthea Blackburn.

Cleantech for UK’s founding members include, alongside others, Imperial College London’s cleantech accelerator Undaunted and Breakthrough Energy, an organization founded by Bill Gates to accelerate the clean energy transition and scale the technologies needed to build a net-zero economy.

Bill attended the event and said: “The UK has all the ingredients to become a major player in the global push to build a net-zero emissions future. It’s great to see cleantech business, innovators and policy makers coming together to advance UK climate leadership.”

Econic is here to redefine the make-up of essential products, for good. Our technology can transform using renewable carbon, the sustainability profile of hundreds of polyurethane products, including car seats, mattresses, shoes, electronics, insulation and more.  Recently, we have begun to demonstrate the technology further, to produce CO₂ based surfactants for a range of ubiquitous consumer goods, like cleaning and personal care products.

The PM said: “Investing in renewables and clean tech is one of the best ways to strengthen our energy security, create better paid jobs and grow the economy.”

Econic’s technology embodies this: not only does it make valuable use of waste CO₂, but that CO₂ replaces expensive, fossil fuel-based feedstocks, compounding the environmental benefit with an economic advantage. Econic’s commercial trajectory is accelerating and in the last twelve months our team has expanded by a third, to keep up with the growth.

Our CEO, Keith Wiggins, said about the event: “It was a privilege to be able to present Econic to Bill Gates and the PM. Proud of our company’s Imperial heritage we are pleased to support the formation of Cleantech for UK to help create the next generation of global cleantech champions in the UK”

It was great to be part of an event highlighting innovative technology for tackling climate change, and to see more focus supporting further innovation in the future.

You can read more about the event here.

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Author, Anthea Blackburn

Exceptional Innovators with the Determination and Technologies to Race to Net-Zero

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12^th January 2023 – Econic Technologies a catalyst company pioneering renewable carbon usage, has been named on Cleantech Group’s 2023 Global Cleantech 100.  The Global Cleantech 100 is an annual list of the most innovative and promising companies that will take us from commitments to actions in our efforts to reach net-zero. Econic previously made the list in 2019 and is happy to announce that the panel has seen fit to appoint us for a second time.

The Selection Process

The total number of nominations from the public, Cleantech Group’s expert panel, i3 research portal, awards, and Cleantech Group staff totalled 15,753 from over 93 countries. These companies were weighted and scored to create a short list of 330 companies that were reviewed by the 81 members of an expert panel.  The Global Cleantech 100 Expert Panel is made up of leading investors, corporate and industrial executives who are active in technology and innovation scouting. 

The Global Cleantech 100 program has been running since 2009.

This highly anticipated annual report brings you the complete list of companies with the most promising ideas in cleantech – the ones best positioned to help us build a more digitized, de-carbonized and resource-efficient industrial future. Download the Global Cleantech 100 complimentary report. 

“This Global Cleantech 100 edition is remarkable for the number of businesses in it who represent solutions for some of the hardest of decarbonization challenges and those who are working on some of the critical materials issues coming our way, real soon,” said Richard Youngman, CEO, Cleantech Group.  “We salute not only these 100 companies, but all the thousands beyond, who are fighting the good fight.”  

Keith Wiggins, CEO, Econic Technologies said “It’s a great honour to be nominated for a second time, alongside other such pioneering companies. Econic is looking to lead the charge in transforming captured CO₂ into valuable products. Right now we are focused on polyols for polyurethanes. You can find polyurethane products all around you; the foam in your mattress, in your car, components of your electronics. Next year will see two of our partners begin full scale production using our process, with further developments in the pipeline. We are excited to see where the technology can be taken and to bring to fruition the real opportunity we have to make a sizeable change to CO₂ emissions.”

The Global Cleantech 100 companies are delivering sustainable solutions in these six sectors:

Agriculture & Food
Enabling Technologies
Energy & Power
Materials & Chemicals
Resources & Environment
Transportation & Logistics

These featured companies will be recognized at the upcoming Cleantech Forum North America on January 23-25 in Palm Springs, CA.  Attendees will have the opportunity to connect with many of the companies on the list, along with many other rising stars.

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About Cleantech Group

Cleantech^® Group provides research, consulting and events to catalyze opportunities for sustainable growth powered by innovation. At every stage from initial strategy to final deals, we bring corporate change makers, investors, governments and stakeholders from across the ecosystem the access and customized support they need to thrive in a more digitized, de-carbonized and resource-efficient future.

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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

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.

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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.’

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For more information contact:

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

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

Author, Econic

9th November 2020

Climate impact catalyst technology company, Econic Technologies, announces that it has raised £3.2 million pounds funding via a convertible loan. The loan includes a £1.6 million investment from the UK government’s Future Fund, which was established to support innovative businesses through the COVID-19 outbreak, matched by funds from existing investors OGCI Climate Investments and IP Group plc.

The funding will be used to drive forward the commercialisation of Econic’s pioneering catalyst technologies, which enable manufacturers to harness the value of waste CO2 recycling it directly into existing processes to displace traditional oil-based chemicals. The unique technology is energy efficient and reduces cost at the same time as delivering clear climate change impact by both using captured CO2 and reducing future emissions through decreasing use of fossil-based chemicals. The technology has moved from laboratory to industrial pilot scale in the past two years with extensive process and product validation. Econic is now moving to deploy the technology at commercial scale in the first target market, polyols for polyurethane, in collaboration with material producers and downstream users looking to harness the product benefits and positive climate impact. At the same time, the Econic technology platform aligns directly with other key application markets such as surfactants where the drive for more sustainable products is creating new opportunities and partnerships.

Rowena Sellens, CEO of Econic Technologies, commented:

 “This additional support will help Econic accelerate customer adoption of what is an economically attractive route to more sustainable products, reducing the climate impact of materials that we all use in our everyday lives. We will be working closely with existing and new commercial partners to make that happen.”

Just Jansz, Chairman of Econic Technologies, added:

“I would like to thank Econic’s shareholders for their continued support, as well as the Future Fund, in these extraordinary times. Impressive progress in the past year has positioned the Company well for a number of exciting partnership discussions aimed at progressing commercialisation in polyols for polyurethanes and accelerating deployment of the technology into other markets such as surfactants.”

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About the Future Fund

The Future Fund will support the UK’s innovative businesses currently affected by Covid-19. These businesses have been unable to access other government business support programmes, such as CBILS, because they are either pre-revenue or pre-profit and typically rely on equity investment. Initially, £250 million was made available by the government for investment through the scheme, to be matched by private investors, with the Treasury making clear the amount could be increased if needed. Due to the popularity of the Fund, more funding is being made available. Developed by the government and delivered by the British Business Bank, the Future Fund launched for applications in May and will initially be open until the end of November.

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

Author, Anthea Blackburn