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DateInvestorsAmountRound
-

N/A

-

N/A

Spinout

£1.1m

Seed
N/A

€50.0k

Grant
N/A

£100k

Grant

£5.1m

Series A
N/A

£447k

Grant

€2.5m

Grant

£5.0m

Series B

£7.0m

Early VC

€3.6m

Debt
*

£3.2m

Debt
*

€10.4m

Series D
Total Funding€35.4m

Recent News about Econic Technologies

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More about Econic Technologiesinfo icon
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Econic Technologies is a pioneering company that focuses on transforming waste carbon dioxide (CO2) into valuable products for the plastics industry. By developing advanced catalyst technologies, Econic enables the incorporation of CO2 into polyols, which are key ingredients in the production of polyurethanes. This innovative approach not only helps in reducing greenhouse gas emissions but also offers cost-effective solutions for manufacturers.

Econic Technologies primarily serves clients in the plastics and chemical industries, including manufacturers of polyurethane products. These clients benefit from Econic's technology by being able to produce high-performance, customized products at a lower cost. The market for Econic's solutions is global, with a significant focus on industries looking to adopt more sustainable and environmentally friendly practices.

The business model of Econic Technologies revolves around licensing its proprietary catalyst technologies to chemical manufacturers. By adopting these technologies, manufacturers can produce polyols that incorporate CO2, thereby reducing their reliance on non-renewable petrochemical raw materials. Econic generates revenue through licensing fees and potentially through royalties based on the volume of polyols produced using its technology.

Econic's value proposition is clear: it offers a way to turn an environmental challenge—excess CO2—into a business opportunity. By enabling the production of better-performing products at lower costs, Econic helps its clients achieve higher profit margins while also contributing to environmental sustainability. The company's leadership team combines commercial expertise with technical innovation, ensuring that they can deliver on their promises and drive industry-wide adoption of their technologies.

In summary, Econic Technologies is at the forefront of sustainable innovation in the plastics industry, providing solutions that are both economically and environmentally beneficial.

Keywords: CO2 recycling, catalyst technology, polyols, polyurethane, plastics industry, sustainability, cost-effective, licensing, greenhouse gas reduction, innovative solutions.

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