Press Release: ION Engineering to Commercialize CU Carbon Capture Technology

Startup will receive a $100K investment from CU to develop the CU-Boulder technology for use in natural gas processing and coal-fired power plants. (LINK)

BOULDER (Jan. 22, 2009). The University of Colorado recently executed an exclusive option agreement with ION Engineering for the right to commercialize technology enabling efficient and economical capture of CO₂ and other contaminants from natural gas wells and coal-fired power plant emissions. The technology was developed by Jason Bara, Dean Camper, Richard Noble and Douglas Gin, all researchers in CU-Boulder’s Department of Chemical & Biological Engineering. ION Engineering will also receive a $100K Proof of Concept Investment (POCi) from the CU Technology Transfer Office and the CU-Boulder Energy Initiative. Using this funding, ION Engineering has constructed a continuously operating demonstration unit, and is scaling the technology for industrial CO₂ capture and natural gas processing. Based in Boulder, ION Engineering was formed in 2008 by Bara and Camper, along with Christopher Gabriel, a research associate at CU. The company is headed by Dr. Alfred “Buz” Brown, also a founder, who brings more than 30 years of technology commercialization and venture creation experience.