Econic Technologies, an Alderley Park, UK-based renewable carbon company, received an undisclosed amount in funding.
The round was led by new investor Taranis Carbon Ventures with follow-on investment from Capricorn Partners, CM Venture Capital, ING Sustainable Investments and GC Ventures.
The company intends to use the funds to accelerate delivery for its customers in the polyols market and support the commercialisation of its new CO₂ surfactant technology.
Founded in 2011 by Dr. Charlotte Williams, and led by CEO Keith Wiggins, Econic is a tech company focused on renewable carbon to allow manufacturers to produce polymers based on CO2 instead of petrochemicals. The use of CO2 enhances sustainability while creating more cost-effective, higher-performing end products. The company licenses its technology to polyols and surfactants manufacturers that supply some of the world’s most iconic consumer brands.
FinSMEs
15/10/2024