ANTECY
A process for production of fuels and chemicals out of ambient co2 and renewable energy.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
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Antecy, a Dutch clean technology firm established in 2010, was founded by Paul O'Connor and Sasa Marinic. The company's genesis was a logical progression from O'Connor's previous venture, BIOeCON, which successfully developed methods for converting biomass into biofuels and chemicals. This prior experience in the petrochemical and biofuel sectors, including work with major companies like Shell and Akzo Nobel, provided a strong foundation for tackling the next frontier: solar fuels.
The core of Antecy's operations revolved around a proprietary technology designed to capture and concentrate carbon dioxide from various sources, including ambient air. This captured CO2 could then be converted into liquid fuels, such as methanol, and other chemicals like formic acid, using renewable energy sources like solar or wind power. The company developed a non-amine-based sorbent material, which was noted for its potential for low-cost production. This process essentially mimics nature's method of storing solar energy, but with significantly higher efficiency.
Antecy's business model targeted several markets. One revenue stream involved selling the captured CO2 as a feedstock to industrial clients. Another focused on the sale of carbon removal credits. The company also engaged in licensing its technology to scaling partners. The firm operated in the alternative energy and climate technology sectors, aiming to provide solutions for industries seeking to reduce their carbon footprint.
In September 2019, Antecy was acquired by Climeworks, a Swiss direct air capture (DAC) company. This strategic merger was the culmination of discussions that began in mid-2018 and aimed to combine the technological strengths of both entities to accelerate the development and deployment of more powerful DAC and CO2 utilization solutions. Following the acquisition, Antecy's assets, team, and business activities were integrated into Climeworks AG. Keywords: carbon capture, direct air capture, liquid fuels, CO2 utilization, renewable energy, clean technology, alternative energy, sorbent materials, solar fuels, climate tech