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Industrial gas production is a $59 Billion growth industry that has been commoditized substantially causing downward pressure on profit margins for all four major players (Air Products, Air Liquide, Linde Group and Praxair). Gas separations carried out by adsorption units utilize a carbon molecular sieve (CMS) material. CMS materials are very inefficient due to their limited gas capacity, slow gas separation times, and inability to select oxygen over nitrogen.
Enovex has developed a stable Coordination Polymer (CP) that has a high oxygen capacity, linear uptake curves, high selectivity, and is fully reversible. It is the first fully reversible and high capacity oxygen selective material in the world. This material enables a higher working capacity (more units of gas processed per unit of material) and a very efficient separation. It will reduce the cost producing industrial nitrogen by 50% through a 60% reduction in operating energy and a 35% reduction in capital cost savings.
Enovex has developed a stable Coordination Polymer (CP) that has a high oxygen capacity, linear uptake curves, high selectivity, and is fully reversible. It is the first fully reversible and high capacity oxygen selective material in the world. This material enables a higher working capacity (more units of gas processed per unit of material) and a very efficient separation. It will reduce the cost producing industrial nitrogen by 50% through a 60% reduction in operating energy and a 35% reduction in capital cost savings.
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Dr. Vaidhyanathan Ramanathan
Srikanth Narayanan
Team member of @Enovex.
Valuation
$5.5M
Funded over
4 rounds
Latest round
Series A (May 2013)
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