Promethean Particles Secures £8M for Carbon Capture Tech

Promethean Particles Secures £8 Million for Carbon Capture Technology

Promethean Particles, a company based in Nottingham, has successfully secured £8 million in funding, signaling a significant boost for its endeavors in the carbon capture materials industry. The funding will be utilized to further develop and expand their unique continuous-flow reactor technology, capable of enhancing the production efficiency and cost-effectiveness of metal-organic frameworks (MOFs), which are integral for gas and liquid storage.

Experts highlight the strategic importance of this investment in enabling Promethean to enhance its proprietary continuous-flow reactor technology, which significantly improves the efficiency and cost-effectiveness of MOF production. Dr. Marina Fuentes from Mercia Ventures pointed out that Promethean is uniquely positioned to capitalize on the rapidly growing MOF market, thanks to its innovative approach that addresses key industry bottlenecks related to cost and scalability.

The funding will be used to build a larger manufacturing facility, expand the team, and support further projects focused on energy transition applications. This expansion is expected to help meet the increasing demand for MOFs, particularly in critical areas like carbon capture and storage (CCS), reinforcing Promethean's role in the fight against climate change​.

Key Takeaways

• The recent financing round has provided Promethean Particles with £8 million to advance their innovative carbon capture technology.
• The firm is renowned for its expertise in producing MOFs, which have diverse applications, including gas storage, separation, and carbon capture.
• The funding, led by Mercia Ventures and Aramco Ventures, is set to facilitate the scaling of MOF manufacturing and bolster Promethean's role in the sector.
• The implementation of the continuous-flow reactor technology by Promethean is expected to notably improve MOF production efficiency and drive ambitious projects in the energy transition landscape.

Analysis

The secured funding, spearheaded by Mercia Ventures and Aramco Ventures, propels Promethean Particles into an even stronger position within the MOF market, fortifying their capabilities to address environmental challenges through advanced gas and liquid storage solutions. The expansion of manufacturing facilities and team is poised to foster innovation in carbon capture and biogas upgrading, making a substantial impact on sectors reliant on these technologies. In the short term, this move enhances Promethean's market share and R&D capabilities, while in the long term, it positions the company as a frontrunner in energy transition solutions, potentially reshaping industry standards and practices.

Did You Know?

• Metal-Organic Frameworks (MOFs):
  • Definition: MOFs are compounds comprising metal ions or clusters coordinated to organic ligands, forming structures with high porosity, large surface area, and adjustable pore sizes.
  • Applications: Widely utilized in gas storage, separation, and carbon capture due to their exceptional trapping and storing capabilities for gases and liquids, particularly in environmental and energy-related technologies.
• Continuous-Flow Reactor:
  • Definition: An advanced chemical reactor designed for continuous introduction of reactants and removal of products, maintaining steady-state operation for enhanced efficiency and cost-effectiveness in chemical processes.
  • Advantages in MOF Production: Applied in MOF production, it enhances throughput, reliability, and consistency by ensuring a continuous flow of reactants and products, optimizing the manufacturing process.
• Carbon Capture and Storage (CCS):
  • Definition: A technology crucial for capturing carbon dioxide emissions from industrial processes, transporting it to a suitable storage site, and preventing its release into the atmosphere.
  • Importance: CCS significantly contributes to mitigating climate change by reducing atmospheric CO2. MOFs play a vital role in enhancing the effectiveness of CCS technologies through their efficient gas capture and storage capabilities.