Inventys develops advanced solid adsorbent nanomaterials and a modular compact contactor to capture CO₂ from very dilute post-combustion flue gases. The company is completing a 30-tonne-per-day CO₂ capture demonstration plant with Husky Energy, in final construction and slated to begin operations in Q2 2019. Inventys aims to commercialize a first-of-its-kind industrial-scale CO₂ capture plant by the end of 2020 and focuses on distributed CO₂ supply using modular plant designs. Its technology is positioned to reduce carbon capture costs by at least a factor of two compared with conventional chemical solvent approaches. The company has been raising equity in a Series C to fund its corporate program through 2020 and ongoing scale-up. Inventys develops a next-generation carbon capture system that combines advanced solid adsorbent nanomaterials with a novel modular compact contactor to capture CO₂ from very dilute post-combustion flue gases. The company positions its technology to lower the carbon-capture cost curve by at least a factor of two compared with conventional chemical solvents. Inventys aims to become a focused low-cost supplier and create a mass market for bulk distributed CO₂. It announced an initial US$11M tranche of Series C equity financing to fund a 30-tonne-per-day CO₂ capture pilot plant demonstration with Husky Energy scheduled for Q1 2019. The funds will also support an aggressive time-to-market strategy targeted for 2020. The company is headquartered in Vancouver, BC, and emphasizes building a global CO₂ marketplace. Inventys, led by President and CEO Claude Letourneau, is a Vancouver, Canada-based clean energy technology company developing the VeloxoTherm™ CO2-capture process. The VeloxoTherm process combines a patented Adsorbent Structure and a rapid cycle thermal swing process using proprietary solid structured adsorbent materials to capture high-purity CO2 from dilute flue gas from coal- and gas-fired power plants and industrial processes. Earlier in 2017 Inventys commissioned a self-contained 0.5 TPD VeloxoTherm field demonstration plant at Husky Energy’s Pikes Peak South Lloyd thermal project and has recorded meaningful data since testing began in early 2017. The company plans to use proceeds from the financing to fund a 30-tonne-per-day CO2-capture pilot plant aimed at producing a low-cost CO2 supply for Husky’s heavy oil enhanced oil recovery program near Lloydminster, Saskatchewan. The next six months of demo test results will shape the design of the planned 30-TPD plant. Financially, Inventys closed CAD$10m in the first tranche of its current Round B-11 financing, led by Husky Energy with participation from existing investors The Roda Group and Chrysalix Energy Venture Capital.

Total raised

$24M

Funding rounds

3

Latest round

Series C

Latest activity

Feb 2019