Newlight Technologies, LLC, 2013 TechConnect World Participant, Washington DC
TechConnect recently had a chance to speak with Mark Herrema, CEO, Newlight Technologies, LLC. Herrema spoke to us about Newlight’s carbon capture technology presented at the 2013 TechConnect World-National Innovation Summit in Washington, D.C.
“Newlight has developed a game-changing carbon capture and plastics manufacturing technology. On a large-scale basis, Newlight is converting air and greenhouse gas into high-performance sustainable plastics that can out-compete oil-based plastics on price and performance,” said Herrema.
When asked about his TechConnect experience, Herrema replied, “Learning about other technologies was inspiring; connecting with potential partners was very valuable. We were able to meet and connect with a number of potential business or investment partners through our participation at the event.”
Newlight has developed, patented, and commercialized a game-changing plastics manufacturing and carbon capture technology. At the world’s first large-scale gas-to-plastic demonstration facility, Newlight is converting air and captured greenhouse gas into sustainable plastics that can match or exceed the performance of oil-based plastics while significantly out-competing commodity plastics on price. Newlight’s plastics require no oil, no food crops, no GMOs, and generate a net positive environmental benefit. Newlight currently sells the company’s sustainable plastics to customers ranging from one of the largest office and classroom furniture manufacturers in the U.S., to a multi-billion dollar consumer goods manufacturer, with applications ranging from furniture and automotive parts to packaging and food storage goods. In total, Newlight’s value proposition is simple: match or exceed the performance of existing plastics, provide revolutionary sustainability, and significantly reduce cost.
The past twelve months have been very productive for the company. In August 2013, Newlight scaled up production of its greenhouse gas-to-plastic conversion technology to commercial scale at the company’s second production plant in California. During November 2013, Newlight launched the world’s first carbon-negative chair made from AirCarbon at an international green building conference in Philadelphia.
Herrema commented, “Newlight recently completed a $9.2 million financing round to accelerate expansion and the company has initiated efforts to ramp up AirCarbon production capacity to 50 million pounds per year.”
In 2013, Newlight was honored to be awarded “Most Innovative Company of the Year” and “Tech Innovation of the Year” by the American Business Awards, and the company’s product, AirCarbon, was also awarded “Biomaterial of the Year” by the Nova Institute and received an R&D 100 Award from R&D Magazine as “one of the 100 most technologically significant innovations of the year.”
To learn more please visit: www.newlight.com
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