HYCO1 Tests ‘Groundbreaking’ CO2 Technology

HOUSTON, March 29, 2022 /PRNewswire/ — Carbontech innovator HYCO1, Inc. announces the successful performance testing of its proprietary catalyst and process technology that provides industrial companies a way to convert CO₂ waste emissions into high value, sustainable products. The company is now moving to demonstrate the commercial robustness of the catalyst through a catalyst characterization unit in support of its multiple commercial, world-scale CO₂ conversion projects and applications.

“We have started our catalyst characterization operations targeting key commercial design milestones at 4,000 hours, 8,000 hours and longer run times. We will leverage this process to optimize commercial designs being used today in FEL 1, 2, 3 engineering on the multiple commercial projects in our development pipeline,” said Greg Carr, CEO of HYCO1, Inc.

During the catalyst characterization and commercial demonstration runs, HYCO1 is evaluating a wide range of CO₂ feedgas compositions, flow rates, pressures and temperatures to confirm the efficiency of the HYCO1 system under a variety of operating parameters. It also confirms catalyst durability with the extended number of hours of continuous operations without coking/fouling of the catalyst. These commercial runs will allow HYCO1 to determine optimal operating conditions and gas product configurations for various commercial project applications.

The successful commercialization of HYCO1’s technology will allow industrial companies with significant CO₂ emissions to quickly and effectively reduce their CO₂ emissions and with HYCO1’s business model, can successfully do so with no capital cost burden. Turning CO₂ emissions into low-cost, high-value products utilizing HYCO1’s proprietary sustainable and scalable technology, represents a robust global market opportunity.  

HYCO1 Engages CIBC Capital Markets as Financial Advisor

HYCO1 is pleased to announce that it has engaged CIBC Capital Markets to proceed with a Series A equity financing process. “The CIBC team is actively engaged in energy transition and particularly the carbon capture, utilization and storage sectors with a strong network of interested climate-tech investors. We’ve been very impressed with the CIBC team’s capabilities to not only lead our Series A financing, but also help structure project funding for prospective opportunities in our development pipeline,” said Carr.