Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Home

Marketplace
Database
News
Store
Resources
Contact Us

 

 

News


VENTURE CAPITAL DIRECTORY | PRIVATE EQUITY DIRECTORY

List of Venture Capital / Private Equity Firms and Sources
Published since 1998, VCPro Database is the most reliable, up-to-date and affordable venture capital directory

VCPro Database 2021 New Edition Special Offer!
Buy Now for $119.95 with a FREE mid-year update in July 2021
Learn More or Buy Now

VCPro Database 2021 24th Edition -- a downloadable and searchable venture capital database with 6,400+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. (Updated JANUARY 2021)

Learn More » or Buy Now »




Emvolon Raises $1.5 Million Seed Funding to Evolve Distributed Chemical Production

The Engine leads investment to further Emvolon’s conversion of wasted natural gas into usable energy

BOSTON, May 3, 2021-- Emvolon, a technology company developing a platform for distributed chemical production from resources that otherwise would be wasted, today announced a $1.5 million seed investment led by The Engine. The capital raised will fund building out the Emvolon team and creating a dedicated laboratory space for development of Emvolon’s platform that converts the wasted natural gas at flare sites into usable chemicals like methanol for use in a broad array of industrial applications or as a fuel.

Flaring is the wasteful practice of burning natural gas, produced from oil wells that can not be economically taken to market. An estimated 150 billion cubic meters per year is flared into the air, equivalent to 275 million metric tons of CO2. Emvolon’s platform can negate 90% of the CO2 emissions that natural gas flares emit every year, and sell valuable products into large global chemicals markets.

“This wasted gas is a stranded resource,” said Emmanuel Kasseris, Emvolon’s co-founder and CEO. “At Emvolon we are reimagining mass-produced automotive internal combustion engines as miniature chemical processing plants that can efficiently and effectively provide communities the raw materials they need, without building massive refineries and chemical plants. The process enables economically attractive small plants by exchanging economies of mass production for economies of scale.”

Emmanuel Kasseris and Leslie Bromberg, founders of Emvolon, are pioneering a device built using inexpensive and ubiquitous components from established supply chains for the automotive industry to do such conversion at the site of the flares. The same device can be used to convert other stranded resources like biomass, which would otherwise rot in fields or forests, or biogas into a variety of useful chemicals. It can also be applied to distributed ammonia manufacturing, providing chemical energy storage for communities without reliable grid connections.

“Emmanuel and Leslie enable us to imagine a world with a much more efficient utilization of natural resources,” said Michael Kearney, Principal of The Engine. “Emvolon promises a future with a much smaller carbon footprint for our most difficult to decarbonize sectors while simultaneously enabling cost-effective, on-demand and distributed chemical production.”

Launched out of MIT, the company plans to use the capital to expand its engineering and business development staff. The team expansion will help continue to scale Emvolon’s technology as a key enabler of a low-carbon future.

ABOUT EMVOLON

Emvolon is a technology company developing a platform for distributed chemical production from resources that otherwise would be wasted. Its platform converts wasted natural gas at flare sites into usable chemicals for use in a broad array of industrial applications or as a fuel. The team is reimagining mass-produced diesel engines as miniature chemical reactors that can efficiently and effectively provide communities the raw materials they need, without building massive refineries and chemical plants. The process enables economically attractive small plants by exchanging economies of mass production for economies of scale.

ABOUT THE ENGINE

The Engine, launched by MIT, is a Cambridge, MA-based venture capital firm that invests in early-stage Tough Tech companies solving the world's biggest problems through the convergence of breakthrough science, engineering, and leadership. It provides the capital, knowledge, connections, as well as the specialized equipment, space, and labs these transformative startups need to thrive. For more information, visit www.engine.xyz

Contact:
Kerry Walker
kerry@engine.xyz


News Index

Venture Capital Database 

 

 NEWS

Latest VC News
VC News Archive
News Search
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Business Plan Tools

Free Business Plan Template

 

Copyright © 1998-2021 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer