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Chrysalix Technologies

Problem

High feedstock and processing cost are hindering large-scale production of renewable chemicals and fuels. Typically, raw material cost (e.g. corn) is the main cost driver, contributing ca. 50% of the final product cost. At the same time, only 50% of waste wood is recycled in the industrialized world, with the remainder sent to landfill or incineration, contributing to environmental pollution and incurring high disposal fees. A main problem for the recycling of this wood fraction is the presence of heavy metals from paints and preservatives.

Solution

Our proprietary and innovative technology uses a novel type of low-cost solvents called ionic liquids (ILs). They enable conversion of unwanted waste wood into a decontaminated and very cheap raw material for producing inexpensive and sustainable chemicals, materials and fuels, while recovering heavy metals in a useful form. The technology offers unprecedented flexibility and cost- advantages, as it can treat different types of woody materials in a one-size-fits-all process with lower capital and operating costs than competing processes.

Market size and analysis

The potential value held in currently non- recycled wood in the EU is around £5bn, which could be unlocked by turning it into a raw material for the chemical industry using our technology. The main product from our process, cellulose, is a raw material for the bioplastics and biofuels industries, with global markets of £26bn (estimate, by 2024) and £40bn (2016), respectively.

Traction

We have validated our process extensively on the lab-scale. Various results are published in highly cited academic papers. We successfully tested waste wood from two major European waste management companies. We have signed an MoU with a major Scandinavian pulp producer who is looking for a new use of their 1mt of saw dust produced every year.

Core Team

First Name Last Name Job Title Impressive Facts
Dr Florence Gschwend COO PhD in the technology, Forbes 30under30 Europe
Dr Agi Brandt CSO Inventor and academic at ICL, Start-up business manager
Dr Jason Hallet Scientific Advisor Chemical Engineer, world expert in organic salts and sustainable chemical technology.

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