Formate

OCOchem Raises $5 Million in Seed Funding Led by TO VC

Retrieved on: 
Wednesday, November 15, 2023

RICHLAND, Wash., Nov. 15, 2023 /PRNewswire/ -- Carbon conversion startup OCOchem has raised $5 million in Seed funding from lead investor TO VC. INPEX Corp. (IPXHF.NaE), the LCY Lee Family Office, and MIH Capital Management also participated in the round. These investors join Halliburton Labs, Halliburton Company's (NYSE: HAL) energy and climate tech accelerator, which has been supporting OCOChem's scaling since 2021. 

Key Points: 
  • The climate tech company's innovation converts CO2 and water into sustainable platform molecules for use in agriculture, energy, and transportation
    RICHLAND, Wash., Nov. 15, 2023 /PRNewswire/ -- Carbon conversion startup OCOchem has raised $5 million in Seed funding from lead investor TO VC .
  • OCOchem will use the newly raised funds to scale its modular carbon conversion technology to industrial proportions and build a pilot plant for commercial demonstration operations.
  • OCOchem is at the forefront of that transition, reframing the thinking around CO2 and producing something vital from it.
  • TO VC is proud to be partnering with OCOchem to make its mission of keeping fossil fuels in the ground a reality."

Kanazawa University research: Enhancing carbon dioxide reduction

Retrieved on: 
Friday, June 9, 2023

KANAZAWA, Japan, June 8, 2023 /PRNewswire/ -- Researchers at Kanazawa University report in ACS Nano how ultrathin layers of tin disulfide can be used to accelerate the chemical reduction of carbon dioxide - a finding that is highly relevant for our quest towards a carbon-neutral society.

Key Points: 
  • KANAZAWA, Japan, June 8, 2023 /PRNewswire/ -- Researchers at Kanazawa University report in ACS Nano how ultrathin layers of tin disulfide can be used to accelerate the chemical reduction of carbon dioxide - a finding that is highly relevant for our quest towards a carbon-neutral society.
  • Recycling carbon dioxide (CO2) released by industrial processes is a must in humanity's urgent quest for a sustainable, carbon-neutral society.
  • The researchers also carried out electrochemical measurements for bulk SnS2 powder, which was found to have less catalytic CO2 reduction activity.
  • But now, Yasufumi Takahashi from Kanazawa University and colleagues have found that the 2D metal dichalcogenide SnS2 displays no HER catalytic activity; instead, it is a catalyst for the electrochemical reduction of carbon dioxide (CO2) to formic acid - an extremely relevant property in the context of strategies for reducing the global CO2 footprint.

Kanazawa University research: Enhancing carbon dioxide reduction

Retrieved on: 
Friday, June 9, 2023

KANAZAWA, Japan, June 8, 2023 /PRNewswire/ -- Researchers at Kanazawa University report in ACS Nano how ultrathin layers of tin disulfide can be used to accelerate the chemical reduction of carbon dioxide - a finding that is highly relevant for our quest towards a carbon-neutral society.

Key Points: 
  • KANAZAWA, Japan, June 8, 2023 /PRNewswire/ -- Researchers at Kanazawa University report in ACS Nano how ultrathin layers of tin disulfide can be used to accelerate the chemical reduction of carbon dioxide - a finding that is highly relevant for our quest towards a carbon-neutral society.
  • Recycling carbon dioxide (CO2) released by industrial processes is a must in humanity's urgent quest for a sustainable, carbon-neutral society.
  • The researchers also carried out electrochemical measurements for bulk SnS2 powder, which was found to have less catalytic CO2 reduction activity.
  • But now, Yasufumi Takahashi from Kanazawa University and colleagues have found that the 2D metal dichalcogenide SnS2 displays no HER catalytic activity; instead, it is a catalyst for the electrochemical reduction of carbon dioxide (CO2) to formic acid - an extremely relevant property in the context of strategies for reducing the global CO2 footprint.

OCOchem Wins $2.5M U.S. Department of Energy Award to Advance Clean Hydrogen Technologies

Retrieved on: 
Thursday, June 1, 2023

RICHLAND, Wash., June 1, 2023 /PRNewswire/ --  Clean fuel and chemical innovator OCOchem and the U.S. Department of Energy (DOE)'s Pacific Northwest National Laboratory (PNNL) will continue a successful collaboration to make it safer and more affordable to transport clean hydrogen, thanks to a new $2.5 million DOE funding award.

Key Points: 
  • The award is one of 22 projects in 14 states totaling $42 million in DOE funds to advance critical technologies for producing, storing, transporting and deploying clean hydrogen, a non-polluting energy source.
  • Clean hydrogen is gaining momentum as a viable solution for decarbonizing various sectors, including transportation, industry, and power generation.
  • By collaborating, OCOchem and PNNL aspire to make clean hydrogen technologies more economically viable, scalable, and accessible for widespread adoption.
  • "The world needs a better way to make, store and use clean hydrogen as a clean fuel and clean feedstock to decarbonize industries and transportation," said OCOchem CEO and co-founder Todd Brix.

OCOchem Wins Extension of Contract to Develop Large-scale Prototype Electrolyzer to Make Non-corrosive Deicing Chemical for U.S. Army

Retrieved on: 
Monday, September 19, 2022

RICHLAND, Wash., Sept. 19, 2022 /PRNewswire/ -- Clean fuel and chemical innovator OCOchem has been awarded an extension of its $1.1 million contract to create a chemical process to manufacture a lower-cost, non-corrosive, chlorine-free deicer to protect U.S. Army and other military equipment from the damage caused by rock or road salt.

Key Points: 
  • The U.S. military, as well as state and local governments in cold-weather environments, use chemical deicers to melt dangerous ice on roads, walkways, and runways.
  • However, the most common de-icing chemicals used today, due to their historically lower costs, are chloride-based salts.
  • The prototype a wonder of electrical, chemical and mechanical engineering invented, created and demonstrated at OCOchem's Richland headquarters -- is the world's first formate electrolyzer of this size.
  • Founded in 2017 in the Pacific Northwest, OCOchem operates its principal R&D laboratories in Richland, Wash. For more information go to https://ocochem.com .

OCOchem and Global Partners Awarded Washington State Clean Energy Fund Research Development & Demonstration Grant to Create Green Energy Power Generator for Refrigerated Cargo Containers at the Port of Tacoma

Retrieved on: 
Tuesday, April 5, 2022

TACOMA, Wash., April 5, 2022 /PRNewswire/ --The Washington State Department of Commerce has awarded clean energy company OCOchem $1.5 million to develop green portable energy generators and fuels for refrigerated cargo containers at the Port of Tacoma.

Key Points: 
  • TACOMA, Wash., April 5, 2022 /PRNewswire/ --The Washington State Department of Commerce has awarded clean energy company OCOchem $1.5 million to develop green portable energy generators and fuels for refrigerated cargo containers at the Port of Tacoma.
  • The Washington Clean Energy Fund grant adds to the $2.5 million investment OCOchem and its partners have committed to invest on this ground-breaking project.
  • Since 2013, the Clean Energy Fund has invested in research, development, and demonstration of technologies that are helping Washington state lead the transition to a clean energy future.
  • "We believe Washington state and Tacoma are the best place to manufacture safe green electro-fuels for local and export use, creating high-wage manufacturing jobs."

Broadening Use across Varied Applications to Add Strokes of Growth across the Sodium Formate Market, Textile and Printing Segment to Dominate the Growth Trajectory: TMR

Retrieved on: 
Thursday, July 1, 2021

Many different aspects are associated with the growth of the sodium formate market , with the textiles sector being the vital one.

Key Points: 
  • Many different aspects are associated with the growth of the sodium formate market , with the textiles sector being the vital one.
  • The advantages associated with the growth of the sodium formate market are expected to bring immense growth prospects during the assessment period.
  • Request for Covid-19 Impact Analysis on Sodium Formate Market: https://www.transparencymarketresearch.com/covid19.php
    Transparency Market Research (TMR) has conducted advanced research on numerous factors associated with the growth of the sodium formate market.
  • Manufacturers in the sodium formate market are increasing their focus on utilizing sodium formate as a bio-degradable catalyst.

Global Methyl Formate (CAS 107-31-3) Market Report 2021: Applications, Manufacturing Methods, Patents, Trends and Developments, Market Prices - ResearchAndMarkets.com

Retrieved on: 
Monday, March 22, 2021

The "Methyl formate (CAS 107-31-3) Global Market Research Report 2021" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Methyl formate (CAS 107-31-3) Global Market Research Report 2021" report has been added to ResearchAndMarkets.com's offering.
  • This global report is a result of industry experts' diligent work on researching the world market of Methyl formate.
  • The fifth chapter deals with Methyl formate market trends and forecast, distinguish Methyl formate manufacturers and suppliers.
  • The Methyl formate global market report key points:

Prospering Construction Industry to Boost Growth of Calcium Formate Market between 2019 and 2027: TMR

Retrieved on: 
Wednesday, January 27, 2021

The benefits of calcium formate in a plethora of applications will prove to be a vital growth generator for the calcium formate market .

Key Points: 
  • The benefits of calcium formate in a plethora of applications will prove to be a vital growth generator for the calcium formate market .
  • Transparency Market Research (TMR) experts have done detailed research on various aspects influencing the growth of the calcium formate market.
  • Request for Covid-19 Impact Analysis on Calcium Formate Market: https://www.transparencymarketresearch.com/Covid19.php
    The booming construction industry and the role of China in creating cost-effective products across the calcium formate market may influence the growth to a great extent.
  • The analysts advise the players in the calcium formate market to structure ideal business strategies for competing with novel businesses across the calcium formate market.

Prospering Construction Industry to Boost Growth of Calcium Formate Market between 2019 and 2027: TMR

Retrieved on: 
Wednesday, January 27, 2021

The benefits of calcium formate in a plethora of applications will prove to be a vital growth generator for the calcium formate market .

Key Points: 
  • The benefits of calcium formate in a plethora of applications will prove to be a vital growth generator for the calcium formate market .
  • Transparency Market Research (TMR) experts have done detailed research on various aspects influencing the growth of the calcium formate market.
  • Request for Covid-19 Impact Analysis on Calcium Formate Market: https://www.transparencymarketresearch.com/Covid19.php
    The booming construction industry and the role of China in creating cost-effective products across the calcium formate market may influence the growth to a great extent.
  • The analysts advise the players in the calcium formate market to structure ideal business strategies for competing with novel businesses across the calcium formate market.