Antecy

Feb 27, 2017

Capital News provided by Feb 27, 2017, 07:30 ET Share this article LONDON, Feb. 27, 2017 /PRNewswire/ -- ANTECY will present at CleanEquity Monaco 2017 on March 9th & 10th at the Fairmont Monte Carlo. CleanEquity is an annual invitation-only event hosted by Innovator Capital, the London based specialist investment bank. The conference provides an intimate and collegiate setting for inventors and entrepreneurs to share their stories with delegates - key decision makers looking to assist them with reaching their commercial and strategic goals. Other partners and sponsors include Prince Albert II of Monaco's Foundation, Covington & Burling, Cisco EIR, Cision, Cranfield University, Hobbs & Towne, the Monaco Economic Board, Parkview and the Social Stock Exchange. ANTECY has been identified by an expert panel as one of the world's most innovative sustainable technology companies and has been selected to present to senior financial and strategic cleantech investors, policy makers, legislators, end users and media. In 2010 ANTECY started out with a visionary idea to convert electrons from solar energy into high density clean fuels. It started with investments in fundamental research and worked with leading international research groups as UTwente, TU/D and ITQ-UPV. Within 5 years a proof of concept has been demonstrated at lab scale and in 2016 an extensive feasibility study by Shell Global Solutions confirmed the potential of technological and economic feasibility. As a result, Shell committed an investment for further process development. Currently, ANTECY provides a technology for economically viable production of solar fuels. Key innovation is a low cost CO2 capturing system from ambient air expecting $ 50/ton from air and < $ 25/ton from flue gas. The core technology is well protected with a few already granted patents and several published or pending patents as well. The aim is to sell or license the technology to an industrial multinational in the solar fuel value chain, traction with industries shows that an exit (aim 2019–2021) after demonstration of the technology at a relevant scale is realistic. Where most of ANTECY's competitors are working with liquid and grafted amines, ANTECY use a solid salt to capture CO2 and these solid salts have a few important advantages relative to amines. First of all, they are less costly (potentially >30%) and more stable, especially when it comes to CO2 capturing from air which requires the treatment of large gas streams. Secondly, solid salts are 100% recyclable while amines are toxic and corrosive and last but not least, the Company's developed solid sorbent can capture and concentrate CO2 at temperatures below 80C; allowing the process to be efficiently integrated in many (petro)chemical processes. ANTECY is currently running a financing round for two million euros to scale up to a relevant size demonstration unit. With this development stage, ANTECY will prove the low cost CO2 capture and gain traction within the industry. ANTECY BV