The majority of the high value ingredients market is still using the same extraction method as was used by ancient Egyptians. It requires extensive boiling of plants in vast amounts of fresh water, in the process the heat destroys the scent. Some use chemical solvents, like hexane, which are flammable, toxic and harmful for the environment. The most advanced method is to use compressed carbon dioxide (CO2) as a solvent, which is safe and gives high quality products but because of equipment cost and complexity, it is only being used by a few large corporations.
Uniqueness, Technology overview, barriers to competition
Our unique differentiation point is being able to operate off-the-grid and being mobile. These features are possible due to proprietary engineering designs of our equipment and the fact that we fabricate it ourself. Not only we achieved outstanding efficiency in comparison to all Western world competition, but we can offer our equipment as a service on demand.
Market size and analysis
The market for high-value flavours and fragrances is growing ($26bn with 7% annual growth) and so too is the demand for natural ingredients with a transparent origin. Indeed, the number of niche perfume makers quadrupled in the last 10 years with the focus on personalised, natural and exotic aromas. This growth has driven a strong need for a technology that can:
1. Produce high quality ingredients without traces of harmful solvents.
2. Be flexible in the feedstock choice and allow experimenting with various products.
3. Be available to a wide range of larger and smaller companies.
We will target hemp market too both for CBD and THC extraction, the market is $2bn with 700% growth projection.
|First Name||Last Name||Job Title||Impressive Facts|
|Alexander||Novitskiy||Managing Director||PhD in chemical engineering 7+ years in financial sector Hands-on project management|
|Sergey||Soshin||Technical Director||PhD engineering 10+ years of mechanical engineering 10+ years of inventing high pressure equipment|
Ask, use of proceeds, milestones
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