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HYCO1 News

Announcement Release:

HYCO1 Announces Successful Performance Testing of Groundbreaking Technology that Converts CO2 Waste Into High-Value Products

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HOUSTON, TX – March 29, 2022 – 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. 

 

About HYCO1

HYCO1 is the only carbontech company that cost-effectively captures industrial-scale CO2 emissions from the source and turns them into high-value, sustainable products. Pioneering a new era for planet positive solutions through carbon negative innovation, HYCO1 brings immediate, actionable CO2 conversion and utilization solutions to high CO2 emitting industrial companies and ESG investors. By decarbonizing one industrial plant at a time, HYCO1 plans to reduce, reuse, and recycle carbon emissions in a way that combats the effects of climate change. Learn more at www.hyco1.com

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Carbontech Company HYCO1 Introduces Groundbreaking Technology that Turns CO2 Waste into High-Value Products

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HOUSTON, TX – August 16, 2021 – Carbontech innovator HYCO1 announced today it has developed a proprietary catalyst and process technology that gives industrial companies a way to turn harmful CO2 waste into high value, sustainable products. Using HYCO1’s breakthrough technology, industrial companies can quickly and drastically reduce their CO2 emissions with no upfront costs. HYCO1 is then able to convert those emissions into high purity gases that are in high demand for green chemical production.

“High CO2 emitting companies are looking for solutions to decarbonize. Our CO2 catalyst cost-effectively converts up to 100 percent of CO2 into usable gases, whereas conventional CO2 reforming technologies are limited to a much lower conversion rate at a considerably higher cost,” said Greg Carr, co-founder and chief executive officer at HYCO1. He added, “We can directly meet the decarbonization objectives and corporate mandates that chemicals, fuels, building materials, and power industries are seeking.”

Turning CO2 emissions into low-cost, high-value products represents a sustainable and easily scalable investment opportunity. Using HYCO1’s technology, companies can convert millions of tons of CO2 per year into building block chemical gases that can be directly reused in industrial source processes or alternatively used to produce a wide range of low CI score products that the world uses. From food grade waxes and efficient motor oils, to paints, dyes, fertilizers and fuel, HYCO1 can create carbon-negative or carbon-neutral products at the same or higher quality than products made from petrochemicals.

“We’re delivering a better way to reduce, reuse and recycle carbon with bankable turnkey customer solutions,” said Carr. “Our carbon transformation process technology “drops into” existing, manufacturing processes and integrates seamlessly at any scale above 250 tons per day.” Well-positioned to address the emissions challenge, HYCO1 is led by co-founders Greg Carr, Jeff Brimhall and Kurt Dieker. Together, Carr, Brimhall and Dieker bring more than 80 years of hydrogen, syngas, chemical process, catalyst development, environmental technology, industrial gases, and business development experience, overlapped with years of successful tech start-up and funding experience.

 

About HYCO1

HYCO1 is the only carbontech company that cost-effectively captures industrial-scale CO2 emissions from the source and turns them into high-value, sustainable products. Pioneering a

new era for planet positive solutions through carbon negative innovation,

HYCO1 brings immediate, actionable CO2 conversion and utilization solutions to high CO2 emitting industrial companies and ESG investors. By decarbonizing one industrial plant at a time, HYCO1 plans to reduce, reuse, and recycle carbon emissions in a way that reverses the effects of climate change. Learn more at www.hyco1.com.

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Leadership Photos

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Greg Carr

Co-Founder & Chief Executive Officer

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Kurt Dieker

Co-Founder & Chief Development Officer

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Jeff Brimhall

Co-Founder & Chief Financial Officer

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Doug Cathro

Senior Vice President Project Development & Management

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Dr. David DeVilliers

Catalyst Expert

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