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Home > News > Corporate News

Solvay invests in CMS for leveraging carbon capture technologies

Source:Adsale Plastics Network Date :2023-08-11 Editor :RC
Copyright: Original work. Please do not reprint.


Solvay Ventures, the venture capital fund of Solvay, has invested in Compact Membrane Systems (CMS), a US company that creates membrane solutions that can reduce greenhouse gas emissions and decarbonize heavy industries through the use of carbon capture technologies.


co2 capture_480.jpg

Solvay partners with CMS on sustainable carbon capture technologies.


CMS is an expert in membrane solutions for highly-demanding industrial applications. This includes developing low-cost, low-energy and solvent-free separation and carbon capture technologies, which are crucial to enable clean energy transition and achieving carbon neutrality, especially in hard-to-abate sectors, such as steel, cement, materials and chemicals.

 

Solvay’s act is an innovation accelerator to create shared opportunities with CMS for sustainable growth. Erica Nemser, CEO of CMS, said, “The Group’s investment is a welcome next step in our relationship, which will allow both companies to advance efforts to provide sustainable solutions for industrial applications.”

 

As its development plan for improving sustainability in a wide range of industries, CMS has successfully piloted its Optiperm technology in an olefin paraffin separation application at a leading polyolefins company and has signed multiple field deployments for CO2 capture demonstration in 2023 and onwards.


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