Ingenza awarded government funding to develop novel carbon capture technology

Jul 01 2022


The project aims to develop a novel CO2 conversion technology, which will capture industrial CO2 emissions and convert them into formate, a versatile chemical that can be used across various industries, including pharmaceuticals and agriculture.

Biotechnology company Ingenza's recent partnership with Johnson Matthey has been selected to receive funding of £441,632.88 from the Department of Business, Energy and Industrial Strategy as part of the £1 billion fund from the Net Zero Innovation Portfolio to slash emissions and energy costs.

The venture will build on the success of the existing partnership between Ingenza and Johnson Matthey, bringing together the unique expertise of each team to make carbon capture technology a feasible and appealing solution for industry.

Ingenza will develop a bespoke engineered biocatalyst that will allow efficient hydrogenation of industrial CO2 emissions into formate. Johnson Matthey will then develop these biocatalysts into a cost competitive and scalable format for industry. This solution aims to encourage the adoption of carbon capture technologies by converting industrially emitted CO2 into a valuable and versatile commodity chemical that can be sold on for a profit, while simultaneously reducing the emissions that leak into the atmosphere.

Fraser Brown, Head of Chemistry at Ingenza, said, “This is a fantastic opportunity to work with the Johnson Matthey team again and draw on their chemical engineering expertise. Together, we will turn industrial CO2 into a platform chemical feedstock, encouraging industry everywhere to invest in sustaining the planet.”

Ingenza


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Issue 87 - May - June 2022

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