A series of licensing agreements have been signed between UK-based Cool Planet Technologies (CPT) and German Helmholtz-Zentrum Hereon which will result in CPT having exclusive worldwide commercialization rights for the company’s PolyActive membrane and carbon capture technology. A patent application for the jointly developed intellectual property has also been filed.
The membrane technology is claimed to reduce the cost of capturing CO2 in hard-to-abate sectors by greatly reducing the amount of energy required.
Moving forward, both parties will continue to work jointly to further develop the technology. CPT has already outlined plans to carry out a large-scale demonstration of the CCS tech at a carbon capture facility it is currently establishing in Hanover, Germany at a cement plant owned by Holcim. The site is expected to have a capacity of 10,000 tons per year.
Having already secured investments through its second round of Series A financing, CPT states it will use the proceeds to conduct the demonstration and commercialization of the membrane technology.
“The CPT and Hereon teams work very effectively together, and we have already seen the rapid results of combining CPT’s industrial experience with Hereon’s R&D capability,” stated Andrew Corner, managing director, CPT.
“The companies’ membrane technology has undergone successful pilot studies in the energy industry and is ready for the next step towards decarbonizing industry,” added Torsten Brinkmann, head of Department of Process Engineering of Hereon’s Institute of Membrane Research.