Company Research Report: ION Clean Energy

Company Overview

• Name: ION Clean Energy

• Mission: Capture 1 billion tonnes of carbon dioxide by 2050.

• Founded: 2008

• Founders: Not specified.

• Key People:

• Dr. Buz Brown, Founder & Executive Chairman

• Timothy Vail, Chief Executive Officer

• Dr. Erik Meuleman, Chief Technology Officer

• Steve Hirsh, President & CFO

• Ben Gurtler, Chief Operating Officer

• Carin Cutler, VP, General Counsel

• Headquarters: 2995 Center Green Court, Boulder, CO 80301

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Leading post-combustion carbon capture technology with a focus on large-scale CO2 emissions reductions.

Products

Solvent Technology

• Product: Industry-leading amine-based solvent technology for carbon capture.

• Description: Transformative solvent developed to set a new standard in performance and results in carbon capture technology.

• Key Features:

• Up to 99% CO2 capture efficiency.

• Unprecedented solvent stability reducing degradation and minimizing replacement costs.

• Low emissions, ensuring compliance with air permits.

• Faster kinetics leading to reduced solvent use and lower operational costs.

• Lower energy requirements, decreasing operational energy expenses.

Recent Developments

• Partnerships:

• Expansion of strategic partnership with Koch Engineered Solutions for post-combustion carbon capture projects.

• Licensing partnerships with SK Inc. for deployment in Asia and Australia.

• Collaboration with Denbury for CO2 transport and sequestration expertise.

• New Developments:

• Sutter Decarbonization Project: A major project with Calpine and the Department of Energy, focused on capturing up to 1.75 million metric tons of CO2 annually.

• Investment by Williams to utilize ION's technology for decarbonization of operations and support smaller point sources with modular plant designs.

• Research and Awards:

• Over $85 million in competitive Department of Energy awards.

• Significant testing and performance validation at global facilities, including the National Carbon Capture Center and CO2 Technology Centre Mongstad.

• Leadership Changes:

• A reshuffled board of directors and bolstered leadership team opening new headquarters in Boulder, Colorado.

Conclusion

ION Clean Energy is at the forefront of carbon capture technology, consistently developing methods to improve the capture efficiency, sustainability, and scalability of carbon capture solutions. With significant partnerships and strategic investments, ION is positioned to make substantial contributions towards achieving global decarbonization goals. The focus on innovative solvent technology, and strategic partnerships suggest a robust approach to tackling the challenges associated with carbon emissions.