Econic met with Bill Gates and UK Prime Minister Rishi Sunak this week to discuss our ground-breaking CO2 utilisation technology.
London, 15th 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.