Companies Announce Licensing Agreement to Manufacture Polyols Made From CO2
Monument Chemical is the first U.S. company to license Econic's process for manufacturing polycarbonate ether (PCE) polyols made from carbon dioxide (CO2) as a sustainable source of renewable carbon. With Econic's technology, Monument will upcycle waste CO2 into polyols for high-performance foams, laminates, coatings, and elastomers for use in a variety of applications. Monument will begin production based on the Econic process in late 2023.
Econic's technology is based on its proprietary catalyst and process that enables manufacturers to replace up to 30% of the fossil-based components in their polyols with readily available captured CO2 in their existing production plants. The technology allows the level of CO2 to be controlled at a molecular level, enabling customers to produce cost-competitive polyurethane products with equal or higher performance and a lower carbon footprint.