Stage 1 Fully Funded Via 2 individual Round 1 SEIS Raises – Stage 1 has been completed.
Experiments utilising different nano-catalysts to create a CO2 Filtration system for Gas & Coal Fired Power Stations
What is the opportunity & why does it exist?
- Global CO2 reduction driven by Legislation and heavy fines are forcing non-compliant power generation plants to close
- Renewable, Nuclear or New Gas Fired power stations cannot be brought online quickly enough to avoid ‘Brown-outs’ in UK & Europe
- Coal is the most abundant naturally occurring fossil-fuel remaining on the planet
- Coal emits vast quantities of CO2 when burnt, although other toxic emissions are largely filtered-out by technology. Therefore removal of CO2 is the solution.
What is the technology and how proven is it?
- Nano-particle Absorption Process
- Tested in laboratory conditions at Newcastle University and proven to remove CO2 from a pure CO2 gas stream via a Water Screening Process.
Development process required to?
- Prove durability & efficiency of nano-particles in a burnt coal produced CO2 waste stream
- Design recovery and reuse process for NiNPs
- Calculate metrics for all stages of the process.
How will it produce revenues and when?
- Sell the service to power generators on 10-year minimum contracts using a ‘share of CO2 allowance savings’ payment basis
- Licence technology to new-build manufacturers & maintainers of existing plant
- Resale of Calcium Carbonate or other by-products.
- 3-5 years in development before revenues.
- 3-5 years in revenue before potential investor exit.
How big is the market and in what areas does it exist?
5 different multi-billion £ market opportunities namely:
Professor Jeremy J. Ramsden, Ilya Sokolov & Professor Danish J. Malik have now published their findings at Industrial and Engineering Chemistry Research, a leading chemical engineering journal.