Econic Technologies develops renewable-carbon technology that allows manufacturers to produce polymers based on CO2 rather than petrochemicals. The company licenses its technology to polyols and surfactant manufacturers that supply some of the world’s most iconic consumer brands. It intends to use newly raised funds to accelerate delivery for its customers in the polyols market and to support commercialisation of its new CO2 surfactant technology. The financing round was an equity raise with the amount undisclosed. The company was founded in 2011 by Dr. Charlotte Williams and is led by CEO Keith Wiggins from Alderley Park, UK. Econic Technologies has developed catalyst technology that efficiently converts captured CO2 into a usable raw material for manufacturing polymers, initially targeting the polyurethane industry for foams, coatings, sealants, and adhesives. The company’s core product enables customers to monetise CO2 while lowering their carbon footprint and meeting demand for more sustainable products. Econic operates globally from Alderley Park near Manchester and maintains a customer demonstration facility in Runcorn. Founded in 2011 by Prof. Charlotte Williams and led by CEO Keith Wiggins, the business is focused on commercialising its catalyst and process technology. The company recently progressed its Series D with a second close intended to support commercialisation efforts. The fundraising update indicates active investor support as Econic scales toward broader market deployment. Econic Technologies develops catalyst technologies that enable manufacturers to recycle captured CO2 directly into existing processes to displace oil‑based chemicals. The technology is energy efficient, reduces cost, and lowers future emissions by decreasing use of fossil‑derived chemicals. Over the past two years the platform has progressed from laboratory to industrial pilot scale with extensive process and product validation. The company is moving toward commercial‑scale deployment first in polyols for polyurethane in collaboration with material producers and downstream users, and it sees additional opportunities in surfactants. To support commercialisation, Econic raised funding via a convertible loan that includes UK government backing. The company was spun out from Imperial College London in 2011 and operates from facilities at Alderley Park with a customer demonstration site at The Heath in Runcorn. Econic Technologies is developing and commercialising novel catalyst technologies that incorporate captured CO2 into polycarbonates via reaction with epoxides. The company plans to use the funding to support development of future catalyst generations and to expand its facilities. The round is intended to accelerate commercialisation of Econic's catalyst technology and build on traction with large global partners. Econic is a portfolio company of Imperial Innovations Group plc. Imperial Innovations committed £2.5m to the round and reported a net carrying value in Econic of £6.1m as of 31 January 2016. The fundraise is complemented by a Horizon 2020 SME award that will provide a further £2m over the next two years. Econic Technologies develops catalytic processes that use waste CO2 as a feedstock to manufacture polymers. Its catalysts enable production of polycarbonates and polyurethane polyols and long-chain polymers, with potential applications in foams, plastics and polyesters. Replacing conventional petrochemical feedstocks with CO2 can significantly reduce costs for certain polymer manufacturers. The company was founded in 2011 to commercialize research from Professor Charlotte Williams’ group at Imperial College London and is based in London, UK. Econic plans to use recent funding to further test and scale up its catalyst technology toward commercialization. The company is led by Executive Chairman David Morgan.

Total raised

$36M

Funding rounds

7

Latest round

Series D

Latest activity

Aug 2022