Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 November 5, 2015 - 10:00 AM EST
Print Email Article Font Down Font Up
ION Engineering Announces Research Collaboration with SINTEF, the Largest Scandinavian Research Organization

Project Will Develop Real-Time Online Analysis for ION’s Proprietary Solvent and Process Technology Which Captured over 99% of CO2 in Pilot Scale Testing

ION Engineering, a leading carbon capture technology company, today announced a research collaboration with the Trondheim, Norway based research organization SINTEF (The Foundation for Scientific and Industrial Research), the largest Scandinavian research organization.

The collaborative project will focus on the design, construction and demonstration of real-time online analysis of ION’s solvent used in carbon dioxide (CO2) capture. Once developed, the real-time online analysis tool will create improved controls over solvent based CO2 capture process and improve the efficiency of ION’s solvent technology.

The project received approval for funding through CLIMIT-Demo (http://www.climit.no/en) which is the Norwegian national program for research, development and demonstration of technology for CO2 capture, transport and storage technologies for power generation and other industrial sources. Collaboration with organizations such as CLIMIT & SINTEF demonstrates ION’s commitment to increase its international presence, potential product offerings and expand ION’s position as a leading carbon capture company.

In October, ION successfully completed pilot scale testing of its proprietary solvent and process technology for the removal of carbon dioxide (CO2) from large point sources including natural gas and coal-fired power plants. Throughout testing, ION captured over 99% of the incoming CO2, while maintaining stable process operation and meeting project objectives.

About ION Engineering

ION Engineering is developing carbon dioxide (CO2) capture technology that outperforms other available technologies while reducing overall costs to make CO2 capture a more viable option than it is currently. The Company is commercializing novel, proprietary solvent and process technology for removal of CO2 from large point sources including natural gas and coal-fired power plants more efficiently than current commercial solutions. ION is currently working with local and global partners to test its carbon capture technology in commercial settings. The Company’s solvent and process technology has successfully completed the first of three progressive levels of commercial-scale testing on the Company’s planned path to full-scale commercialization. Find more information at www.ion-engineering.com.

About SINTEF (The Foundation for Scientific and Industrial Research)

SINTEF is the largest independent research organisation in Scandinavia. Over the last 60 years, we have created value and innovation through knowledge generation and development of technological solutions that are brought into practical use. Today, SINTEF is a broadly based, multidisciplinary research institute with international top-level expertise in technology, medicine and the social sciences. Find more information at: http://www.sintef.no/en/.

ION Engineering
Patrick Wheeler, 303-997-7097
Chief Financial Officer
pat.wheeler@ion-engineering.com


Source: Business Wire (November 5, 2015 - 10:00 AM EST)

News by QuoteMedia
www.quotemedia.com