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2151548

Cooperative Agreement

Overview

Grant Description
SBIR Phase II: Utilizing Carbon Dioxide (CO2) as a Feedstock to Produce Commodity Chemicals - The broader impact/commercial potential of this Small Business Innovation Research (SBIR) project is abating carbon dioxide (CO2) emissions in the production of terephthalic acid, a large-scale commodity chemical. Development of this technology will provide a pathway for direct utilization of CO2 in everyday products.

For example, implemented at scale, the proposed process has potential to sequester about 20 million metric tons of CO2 annually, equivalent to the emissions from 4.3 million cars. This project also has significant commercial potential. By delivering a lower-carbon product at lower cost than the current technology, the proposed innovation has the potential to become the de facto standard for manufacturing this commodity chemical.

Annual licensing and ancillary revenue from a single plant is estimated at $30 million, and at 70-80% market share, typical for the dominant process, annual revenue could grow to over $1.5 billion. The success of this project will also provide a scientific and entrepreneurial blueprint to spur similar efforts, thus advancing the state of the art of CO2 utilization technologies.

This SBIR Phase II project proposes to develop a light-driven chemical technology that enables the use of CO2 as a raw material in large-scale chemical production of terephthalic acid. This project abates CO2 emissions by converting CO2, captured from point sources such as industrial flue stacks or direct air capture, to useful chemical and consumer products.

Carbon dioxide is a stable compound and is typically unreactive and therefore incompatible with traditional heat-driven processes. The proposed project will help mature the technology of CO2 activation by photocatalysis, which has been shown to be effective in inducing CO2 reactivity.

The first step is to demonstrate the feasibility of using CO2 to produce the target chemical at bench scale. Next, the reaction performance will be optimized using high-throughput experimentation techniques. Finally, the process will be scaled up in a photo flow photoreactor. In this part of the project, engineering scale-up issues will be addressed as a precursor to realizing a production plant.

This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.
Awardee
Awarding / Funding Agency
Place of Performance
Larimer, Colorado 80523-1872 United States
Geographic Scope
Single Zip Code
Related Opportunity
None
New Iridium was awarded Cooperative Agreement 2151548 worth $1,000,000 from National Science Foundation in May 2023 with work to be completed primarily in Colorado United States. The grant has a duration of 2 years and was awarded through assistance program 47.084 NSF Technology, Innovation, and Partnerships.

SBIR Details

Research Type
SBIR Phase II
Title
SBIR Phase II:Utilizing Carbon Dioxide (CO2) as a Feedstock to Produce Commodity Chemicals
Abstract
The broader impact/commercial potential of this Small Business Innovation Research (SBIR) project is abating carbon dioxide (CO2) emissions in the production of terephthalic acid, a large-scale commodity chemical.Development of this technology will provide a pathway for direct utilization of CO2 in everyday products. For example, implemented at scale, the proposed process has potential to sequester about 20 million metric tons of CO2 annually, equivalent to the emissions from 4.3 million cars. This project also has significant commercial potential. By delivering a lower-carbon product at lower cost than the current technology, the proposed innovation has the potential to become the de facto standard for manufacturing this commodity chemical. Annual licensing and ancillary revenue from a single plant is estimated at $30 million, and at 70-80% market share, typical for the dominant process, annual revenue could grow to over $1.5 billion. The success of this project will also provide a scientific and entrepreneurial blueprint to spur similar efforts thus advancing the state of the art of CO2 utilization technologies._x000D_ _x000D_ This SBIR Phase II project proposes to develop a light-driven chemical technology that enables the use of CO2 as a raw material in large scale chemical production of terephthalic acid. This project abates CO2 emissions by converting CO2, captured from point sources such as industrial flue stacks or direct air capture, to useful chemical and consumer products. Carbon dioxide is a stable compound and is typically unreactive and therefore incompatible with traditional heat-driven processes. The proposed project will help mature the technology of CO2 activation by photocatalysis, which has been shown to be effective in inducing CO2 reactivity. The first step is to demonstrate the feasibility of using CO2 to produce the target chemical at bench scale. Next, the reaction performance will be optimized using high-throughput experimentation techniques. Finally, the process will be scaled up in a photo flow photoreactor. In this part of the project, engineering scale up issues will be addressed as a precursor to realizing a production plant._x000D_ _x000D_ This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.
Topic Code
CT
Solicitation Number
NSF 21-565

Status
(Complete)

Last Modified 5/26/23

Period of Performance
5/1/23
Start Date
4/30/25
End Date
100% Complete

Funding Split
$1.0M
Federal Obligation
$0.0
Non-Federal Obligation
$1.0M
Total Obligated
100.0% Federal Funding
0.0% Non-Federal Funding

Activity Timeline

Interactive chart of timeline of amendments to 2151548

Additional Detail

Award ID FAIN
2151548
SAI Number
None
Award ID URI
SAI EXEMPT
Awardee Classifications
Small Business
Awarding Office
491503 TRANSLATIONAL IMPACTS
Funding Office
491503 TRANSLATIONAL IMPACTS
Awardee UEI
CD43MSX5VM25
Awardee CAGE
7VKX9
Performance District
02
Senators
Michael Bennet
John Hickenlooper
Representative
Joe Neguse

Budget Funding

Federal Account Budget Subfunction Object Class Total Percentage
Research and Related Activities, National Science Foundation (049-0100) General science and basic research Grants, subsidies, and contributions (41.0) $1,000,000 100%
Modified: 5/26/23