ION Engineering to Commercialize University of Colorado Carbon-Capture Technology
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 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.
About the Technology Transfer Office
The CU Technology Transfer Office pursues, protects, packages, and licenses to business the intellectual property generated from research at CU. The TTO provides assistance to faculty, staff, and students, as well as to businesses looking to license or invest in CU technology. For more information about technology transfer at CU, visit www.cu.edu/techtransfer.
About the University of Colorado
The University of Colorado is a three-campus system with four locations: the University of Colorado at Boulder, the University of Colorado at Colorado Springs and the University of Colorado Denver’s downtown Denver campus and Anschutz Medical Campus in Aurora. Nearly 54,000 undergraduate and graduate students are pursuing academic opportunities on CU campuses. CU is a premier teaching and research university, and is ranked sixth among public institutions in federal research expenditures by the National Science Foundation. Academic prestige is marked by the university’s four Nobel laureates, seven MacArthur “genius” Fellows, 18 alumni astronauts and 19 Rhodes Scholars. For more information about all of the CU campuses, go to www.cu.edu.