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(norner) --
Norner Verdandi, a technology commercialisation company, has invested in
Imperial Innovations portfolio company, Econic Technologies Ltd (Econic). The
investment is made together with Imperial Innovations, a leading British
technology commercialisation and investment group. Norner Verdandi belongs to
Norner, a leading plastics institute and international supplier of consultancy
and technological services to polymer and plastics industries.
Econic is developing catalysts that enable production of plastics,
such as polycarbonates and polyurethanes using CO2 as one of the feedstocks. As
a result, the proportion of petrochemicals in these materials is reduced,
thereby giving significant benefits in eco footprint. Because raw material costs
can account for up to 80% of the sales price of the finished product, it is
expected that the reduced petrochemical content will translate to cost
competitive products. |
