Econic Technologies and Monument Chemical announce licensing agreement to develop and grow CO2 based polyurethanes in USA

Macclesfield, United Kingdom – June 21, 2023 – Econic Technologies, a leading innovator in carbon to value technologies, and Monument Chemical, a leading specialty chemical manufacturer, are pleased to announce their agreement to collaborate on the growth of CO2 containing polyols in North America.

Monument Chemical is the first US company to license Econic’s process for manufacturing polycarbonate ether (PCE) polyols made from CO2 as a sustainable source of renewable carbon. With Econic’s technology, Monument will upcycle waste carbon dioxide into polyols for high-performance foams, laminates, coatings, and elastomers for use in automotive, furniture, mattress, construction, and industrial applications. Monument will begin production based on the Econic process in late 2023.

Econic’s pioneering technology is based on its proprietary catalyst and process that enables manufacturers to replace up to 30 percent of the fossil-based component 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.