Launching in January 2025, the ICO₂NIC strategy will promote CO₂��capture and electrochemical conversion to transform industrial CO₂��waste into valuable feedstock. The project aims to capture and valorise waste CO₂, making CCU economically viable, and paving the way to substantially reduce global emissions. Through ICO₂NIC’s CO₂��capture and conversion technologies, the project will be able to produce high-value goods and materials, creating opportunities for long-term CO₂��capture in Europe.

Key aspects the project will focus on include:

• Capturing and electrochemically converting CO₂���Գٴ���formic acid.
• �������Բ���renewable energy���Ի���innovative technologies��to reduce CO₂��emissions and energy consumption.
• Producing high-value goods and materials while supporting decarbonisation efforts in the��EU refinery sector.

The project consortium consists of 11 partners across the CCU value chain: SINTEF, Avantium, Tüpraş, Cool Planet Technologies, ��һ�Թ�, Procter & Gamble, Idener Research & Development Agrupacion De Interes Economico, Nopalm Ingredients, Bio Base Europe Pilot Plant, TNO, and CO₂��Value Europe.

Over the next 4 years, ��һ�Թ� will scale up it´s bioprocess for protein production together with the strong consortium partners and will prove the whole value chain from industrial CO2 emitter up to customers in feed applications.

The team of ��һ�Թ� is very excited to start the project and to demonstrate it´s technology at scale advancing the technology readiness level (TRL) closer to market implementation.

Find the full press release here.��

Over the next 4 months, ��һ�Թ� will attend an intensive program in Norway, Singapore and Vietnam to get acquainted with the global aquaculture community, all beginning in Kona, Hawaiʻi.��

Hawai´i, 16/07/2024. Next to 8 other start-ups looking to bring their technology into the aquaculture sector, ��һ�Թ� was selected to be part of the ��latest group of participants to the CREST accelerator by Hatch Blue. The program kicked-off in Hawaiʻi at the Natural Energy Laboratory of Hawaiʻi Authority’s HOST Park (Hawaiʻi Ocean Science and Technology) in July and will continue in Norway (Sept.) finishing up in Singapore/ Vietnam (Nov.). The CREST accelerator aims to introduce the start-ups to the aquaculture industry at the most active aquaculture hotspots in the world and elaborate on the individual solutions for the industry. The Hatch team and renowned aquaculture experts will train and advise the cohort members in the most relevant topics and trends of the industry.

��һ�Թ� chose the CREST accelerator for it´s world-leading aquaculture expertise and its close relationship to the industry. ��һ�Թ�´s first product is Sustein^TM, a single cell protein made from CO₂-based formate, with excellent properties for feed applications in aquaculture. Sustein^TM is made from CO₂ and renewable electricity using a simple fermentation process and requiring minimal land use (14x less than soy protein).�� Together with Hatch Blue, ��һ�Թ� will elaborate on the product solution to address the most pressing challenges of the aquaculture industry.

The accelerator program is built around industry presentations, workshops, mentor sessions and site visits to get in-depth insights of the industry. In addition, the program includes valuable deliverables for the start-ups to foster their business plan and success in the market. Specifically, the start-ups receive: 1. Life Cycle Assessment for the product with Blonk Sustainability, 2. Marketing & Branding Strategy with The Fish Site, 3. Market & Competitor Study with Hatch Innovation Services, and 4. Intellectual Property Strategy with Hatch Innovation��Services. At the last stop in Singapore, the program will end with a demo day with pitches to the most relevant aquaculture investors.

“We are more than excited to join the program. For us it is a great chance to get close to the aquaculture industry and learn more about the specific pain points in their operation. The program will provide us with all necessary tools to lift our company to the next level and start the commercialization of our first product Sustein^TM.” stated Dr. Frank Kensy, Managing Director & Co-founder of ��һ�Թ�.

Wayne Murphy, co-founder & partner of Hatch Blue commented, “CREST is delighted to have ��һ�Թ� on board as we seek to support and develop more creative solutions to the many challenges in the sector,�� particularly in the feed market. ��һ�Թ�´s solution is certainly unique and we see a huge potential for ��һ�Թ�´s protein solution to drive change in the feedstock base of the aquaculture industry and at the same time increasing more sustainable carbon efficient options and in turn relieving the pressure and negative impact on the oceans.“

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Foto: Natural Energy Laboratory of Hawaiʻi Authority’s HOST Park – thanks to Hatch Blue for providing the foto.

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The objective of the project is the recycling of CO2 exhaust gases from industrial parks into valuable, biodegradable and stable bioplastics. For this purpose, a novel combination of electrochemical conversion and biotechnology is chosen. In the first step, CO2 is converted into formic acid in an electrolyzer, and then converted into bioplastics in a second step by means of bacteria. Target products are polyhydroxy butyric acid (PHB) and crotonic acid. The project consortium covers the entire value chain and brings together high-ranking academic institutes such as the Max Planck Institutes in Potsdam and the University Stuttgart with proven industry experts. At the end of the project, an integrated process with an electrolyzer and bioreactor on a laboratory scale is expected to be operational, and thus being able to produce the two target molecules directly from CO2. The project serves as a preparation for further industrialization of the process, which is already being addressed in the project. The work is accompanied by a comprehensive life-cycle-analysis (LCA) and a technical-economic evaluation (TEA) of the process.

Pressemitteilung in Deutsch

Press Release in English

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��һ�Թ� has the clear mission to produce new value-added chemicals and proteins from CO2 and renewable energy.

The company will apply the most efficient technologies to convert solar energy and CO2 waste streams into valuable products.

We bring C1 Bioeconomy into practice. We are dedicated to Renewable Carbon and Circular Economy.