MONMOUTH JUNCTION, NJ--(Marketwired - Sep 2, 2014) - Liquid Light announced it has been named a finalist in the 2014 ICIS Innovation Awards. ICIS is the world's largest information provider for the mainstream global chemical industry. Liquid Light has been selected as a finalist in the Best Innovation by a Small or Medium-Sized Enterprise category, for its process technology to convert carbon dioxide (CO2) into high-value major chemicals.
Finalists for the ICIS Innovation Awards are chosen by a panel of industry experts. The awards recognize companies that have made significant steps forward in technological and business innovation, to address real industry problems from a business and environmental standpoint. Meeting all these criteria, Liquid Light's technology converts a harmful, low-cost feedstock into high-value chemicals through innovations in energy-efficient catalytic electrochemistry. The company's first process is for the production of ethylene glycol (MEG), which is used the production of everyday products such as PET-based plastic bottles, polyester and antifreeze.
Recognition as an ICIS Innovation Award finalist further solidifies Liquid Light as an emerging leader in technology directly useful to the mainstream chemical industry. This honor further extends a stream of recognition, which includes Liquid Light's Chief Science Officer, Emily Cole, being named one of MIT Technology Review's Innovators Under 35, and winning the CCEMC Grand Challenge Grant.
"We're honored to be named a finalist in the ICIS Innovations Awards -- especially as we just unveiled our technology in March," said Kyle Teamey, CEO of Liquid Light. "This award confirms we're solving a real problem -- and that the industry is very interested. We're looking forward to working with partners to further scale and deploy our technology."
About Liquid Light
Liquid Light develops and licenses process technology to make major chemicals from low-cost, globally-abundant carbon dioxide (CO2). Customers profit from a lower cost of production, while harnessing their current waste stream; reduce their dependence on cyclically-priced petroleum feedstocks; and can reduce their carbon footprint.
Liquid Light's first process is for the production of ethylene glycol (MEG), with a $27 billion annual market. Results consistent with cost-advantaged production have been validated at lab scale for key parts of our process; and the process scales in a predictable manner, akin to world-scale chlor-alkali plants.
Liquid Light's core technology is centered on low-energy catalytic electrochemistry to convert CO2 to multi-carbon chemicals. It is backed by more than 100 patents and applications, and extends to multiple chemicals with large existing markets, including ethylene glycol, propylene, isopropanol, methyl-methacrylate and acetic acid. Liquid Light's investors include VantagePoint Capital Partners, BP Ventures, Chrysalix Energy Venture Capital, and Osage University Partners.