Who is your customer?
Our initial customers are biogas producers and natural gas well operators. Across farms, wastewater treatment facilities and landfills, biogas is produced, and requires CO2 removal technology to upgrade the gas to pipeline-specification. Further, a large fraction of U.S. and global natural gas reserves are contaminated with CO2, and need to purchase CO2 removal equipment in order to produce the gas.
What problem does this idea/product solve or what market need does it serve?
In the biogas market, many producers chose to burn the raw gas to make cheap electricity. Through state and federal incentives, there is a strong push to further process the gas to make pipeline-quality biomethane, a carbon negative transportation fuel. To do this, they require low cost CO2 removal technology that maximizes biomethane recovery. In the natural gas market, many well operators use membranes to remove CO2 from contaminated sites. This process involves loss of hydrocarbons through the membrane which translates to lost revenue as well as increased flaring. Our membranes are a drop-in replacement for current membranes in the field, and yield higher hydrocarbon recovery and reduced flaring, owing to the superior CO2 selectivity achieved in our materials.
What attributes will make this idea/product successful? Why do you believe that those features will create success?
This is achieved through three primary features: CO2/CH4 selectivity, CO2 permeability, and solution processability. The selectivity we have achieved is 250% higher than the current industry standard, cellulose acetate. This translates to hydrocarbon losses below 1%, dramatically improving revenue for well operators and biogas producers. Due to the high CO2 permeability, half as much membrane area is required to process the same amount of gas, translating to significant CAPEX reductions. Finally, our membranes are solution-processable, meaning they can be manufactured at large scales using available methods, further reducing the cost of membrane production.
Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?
First, our membrane technology is patent protected. This gives Flux a significant competitive advantage over other membrane producers, as achieving the selectivities we observe is exceptionally challenging in other systems. Further, our team includes world experts in new materials for gas separations, as well as a passion for technology development and growing business acumen. We have begun to execute on our plan to make our technology successful by building strategic partnerships in manufacturing as well as field testing.