CHRYSALIX GLOBAL NETWORK
Developers of the most energy-efficient & cost-effective system for carbon dioxide (CO2) management.

CHRYSALIX EVC FUND: CELP II
PORTFOLIO MANAGER: RICHARD MACKELLAR
LOCATION: ST. LOUIS, MISSOURI

 

Problem they are Solving:

The need for less expensive and less electricity-intensive carbon capture and sequestration (CCS) technologies.

Their Solution:

A patented enzyme immobilization and stabilization polymer technology that potentially cuts the cost of CCS by more than half and puts the resulting captured carbon to work in a variety of potential uses.

Why We invested: 

The intersection of biology with energy markets is showing great promise. The ability to encapsulate an enzyme and allow it to retain its function outside of its host is a unique and valuable capability. We see the Akermin technology enabling economic large scale separation and capture of CO2 for sequestration.

Company’s Biggest Strength:

The scientific team is highly entrepreneurial and innovative and continues to enable the cross-over of biological science into new functional areas. Their IP position is strong and they have developed key industry relationships over the past few years.

Implication When Successful:

Global warming is the defining issue of our times. The ability to capture CO2 from a coal power plant flue gas stream at a very low cost will be fundamental to the continuance of our current lifestyles.