New Board Members Expand Expertise in CO2-EOR Commercialization and Double Number of Independent Directors

Appointments include New Chairman: Wayne G. Thomson, Director of Cenovus Energy; and, Tracy Evans, former Denbury Resources COO

VANCOUVER, British Columbia — December 22, 2015 — Inventys, the developer of the VeloxoTherm™ carbon dioxide (CO2) capture process, today announced the appointment of new board members including new chairman Wayne G. Thomson, Director of Cenovus Energy; and, Tracy Evans, former Denbury Resources COO.

“As Inventys progresses its commercialization plan, Wayne and Tracy will provide strong leadership and invaluable insights into oil and gas operations and CO2-enhanced oil recovery (EOR) market opportunities,” said Inventys President and CEO André Boulet.

Mr. Thomson will join the Inventys Board of Directors as Chairman. He has more than 35 years of Canadian and International business experience and serves as a Director of Cenovus Energy, TVI Pacific, Maha Energy, and Enviro Valve.

“The Inventys technology allows CO2 to be recovered at a lower cost than any competing technology,” said Wayne G. Thomson. “Combined with this exceptionally capable team and the right strategy, our VeloxoTherm™ process has a key role to play in solving climate change.  The people involved understand that using the recovered CO2 for enhanced oil recovery is the ideal way to make it commercial now.”

Also joining the board is Tracy Evans, President and Chief Operating Officer of Tabula Rasa Partners.  Prior to joining Tabula Rasa, Evans held various executive management positions with Denbury Resources and Matador Petroleum.

“I have been following anthropogenic CO₂ opportunities for more than 10 years and very few of them have come to fruition,” said Mr. Evans. “The VeloxoTherm™ process is the first post-combustion technology that could economically capture and supply CO2 to CO2-EOR projects in the future allowing for the recovery of millions of previously unrecoverable barrels of oil.  It is very exciting to be a part of that.”

Mr. Thomson and Mr. Evans join the existing Inventys Board members: Dr. Steven Chu (Nobel Laureate and former US Secretary of Energy), Dr. Denis Connor (QuestAir Technologies founding CEO & former Chairman), Dan Miller (The Roda Group Managing Director), Marty Reed (The Roda Group Principal), Dr. Wal van Lierop (Chrysalix Energy Venture Capital President & CEO), Soheil Khiavi (Inventys co-founder and VP, Technology) and André Boulet (Inventys, President, CEO, and co-founder).

 

About Inventys:

Inventys is an energy technology company that could alter carbon dioxide (CO2) emissions worldwide. The company has developed the VeloxoTherm™ process, which is the most economically viable means to capture carbon at its emission source. Unlike conventional methods, the VeloxoTherm™ process uses Inventys’ patented structured adsorbent and its rapid cycle thermal swing process. This approach maximizes carbon capture efficiency and avoids the high cost of other carbon capture processes. The VeloxoTherm™ process is the future of carbon capture for use in enhanced oil recovery (EOR) and greenhouse gas (GhG) reduction and could accelerate the global transition to a low carbon economy. For more information about Inventys and the VeloxoTherm™ process, please visit www.inventysinc.com. You can also connect with us on Facebook or Twitter @inventysinc.

View Wayne G Thomson’s online profile  and Tracy Evan’s online profile.

 

For more information please contact:

Alison Cartier
Manager, Marketing & Communications
Inventys
M:  +1.778.990.8734
O:  +1.604.456.0504  x256
Email: [email protected]

 

For printing or downloading a pdf copy of the release:
2015-12-22_NewBoardMembers.

Founders Named to Canada’s Clean50 for Cleantech Innovation

Company recognized for research and development of the VeloxoTherm™ carbon capture process.

The founders of Inventys are sporting a new green glow, prompted by their recent inclusion in Canada’s Clean50, a national award that recognizes the contributions of its recipients toward clean capitalism and sustainable development across 16 diverse categories. André Boulet, Brett Henkel, Soheil Khiavi & Darryl Wolanski were recognized in the research and development category for their development of the VeloxoTherm™ carbon dioxide (CO2) capture process.

“It is an honour to be selected as one of Canada’s Clean50 and to join this powerful group of leaders advocating for clean capitalism,” says Inventys CEO and Chairman André Boulet. “We believe our carbon capture technology can help bridge the gap between fossil fuel use and environmental sustainability, paving the way to a low-carbon economy.”

blog-img-Clean50_2016The Canada’s Clean50 Honour is awarded annually by Delta Management Group to the 50 individual leaders and small teams who have contributed the most to enhancing sustainability and clean capitalism in Canada over the prior two years. Now in its fifth year, nearly 300 remarkable individuals have been recognized for their significant accomplishments and leadership. Winners were chosen from more than 500 nominations.

André participated in the Clean50 Summit 5.0 on September 23, 2015 where he received the plaque on behalf of the company’s founders. This year’s plaques are cut from the Canada’s “Maple Leaf Forever” tree, the silver maple that inspired Alexander Muir’s ‘The Maple Leaf Forever’ poem/song. After the tree toppled in a storm in July 2013, the city of Toronto gained stewardship of the tree and offered up chunks of wood to groups across Canada for public and private projects.

For the complete list of Canada’s Clean50 honourees for 2016, please visit: http://clean50.com/about-the-2016-clean-50/clean-50

 

 

New Website Showcases the People Behind Inventys’ Success

Dedicated About-Us section highlights leaders in gas separation innovation and technology development

We unveiled a new Inventys website today with new content, images, and a blog to provide more insight into the Inventys story, its game-changing intellectual property, and the company’s dramatic growth.

“Our website now showcases the depth of our organization along with the bright and innovative people who have contributed significantly to our success,” says Inventys CEO and Chairman André Boulet. “It’s more informative and provides a better representation of our game-changing intellectual property and our commercial capabilities.”

New features on www.inventysinc.com include:

  • Multimedia animation demonstrating the VeloxoTherm™ process
  • Expanded detail on the development and design of structured adsorbents
  • Photos featuring Inventys employees
  • A timeline that charts our progress
  • A corporate blog to keep pace with the week-by week-activities

This is the first phase of a two-phase roll out. Over the coming months, we will be adding more pages, pictures, and functionality. Come back often and check on our progress.

We would love to hear what you think. Share your comments or questions. And, connect with us on your favorite social network.

Inventys Moves to Larger Facilities

CO₂ capture company triples the size of its headquarters

Nothing scatters friends quicker than saying you’re moving.

Fortunately, when Inventys recently relocated to a larger space we had a dedicated group of employees and some robust professionals to help with the heavy lifting, which included moving all the testing and demonstration units.

Our new location, which is more than triple the size of the previous site, provides dedicated space for the state-of-the-art analytical lab, testing facilities, and manufacturing center as well as sufficient office and meeting areas.

This is the fourth move for the company that started eight years ago with weekly meetings in the CEO’s condo.

Relocating to a new 20,000-sq.-ft. facility reflects the progress of its commercialization strategy and the company’s commitment to its unique CO₂ capture technology. Adding a manufacturing division enables the independent fabrication and assembly of the customised VeloxoTherm™ structured adsorbents.

“The new manufacturing department supports the delivery of our upcoming pilot plant and will accelerate the rate of deployment of our projects,” says VP, Operations Paul Towgood. “This represents another achievement in our commercialization plan.”

Inventys’ new site will also accommodate the further development, testing and deployment of customized CO₂ capture processes.

 

Inventys Closes Financing from Chevron Technology Ventures, Mitsui, Roda Group, & Chrysalix

Funding to advance Company’s breakthrough carbon capture technology which enables economical EOR and CCS

VANCOUVER, British Columbia, (Marketwired)—July 30, 2014—Inventys Thermal Technologies, a proven team of gas separation pioneers commercializing the lowest cost, most energy-efficient technology for capturing post-combustion carbon dioxide (CO₂ ) from industrial flue gas streams, today announced it has closed additional financing.

Building on continued funding support from international venture capital firm, Mitsui Global Investment (MGI), and leading cleantech investor, The Roda Group, the financing also included new participation from Chevron Technology Ventures LLC (CTV), the Venture Capital arm of Chevron Corporation, and Chrysalix Energy Venture Capital, one of the longest serving cleantech venture capital firms.

The funding will be used to expand manufacturing and enable the deployment of full-scale systems with leading energy and manufacturing companies in late 2016.

Inventys’ breakthrough gas separation system, VeloxoTherm™, is based on a proprietary low-pressure Temperature Swing Adsorption (TSA) technology resulting in a carbon capture cost of USD $15 per tonne—one third the cost of today’s post-combustion solutions. At a fraction of the size of other systems, the flexibility to integrate into new and existing combustion and chemical processes, and the unique ability to regenerate the CO₂ -saturated adsorbent using minimal energy, Inventys’ practical approach enables the widespread adoption of CO₂ -enhanced oil recovery (EOR) and carbon capture and sequestration (CCS) while helping customers reduce their environmental footprint.

“The appetite for low-cost CO₂  capture is rising as large oil and gas corporations increasingly make it a significant strategic priority,” said Jean-Michel Gires, Venture Partner with Chrysalix EVC and former President & CEO of Total E&P Canada. “Inventys’ capital efficiency and capacity to work with a variety of CO₂ sources, concentrations, and volumes will make EOR and carbon sequestration economically appealing.”

This financing comes on the heels of the Company’s successful in-house, full system pilot incorporating real flue gas and industrial hardware from Howden, and the announcement that former U.S. Energy Secretary, Dr. Steven Chu, has joined the Inventys Board of Directors.

“We believe we have developed the most viable carbon capture technology to leverage the abundance of man-made waste CO₂ for the production of a valuable product—oil—while also sequestering CO2 from large carbon emitters,” said Andre Boulet, CEO of Inventys. “We’re thankful for the support of these investors—old and new—and will continue to deliver on key milestones including the deployment of a first-of-its-kind commercial system in 2016.”

“The Roda Group is a long-time supporter of Inventys recognizing early on its potential to fundamentally change the way we produce energy,” confirmed Dan Miller, Managing Director of The Roda Group. “We invest in passionate, proven teams that stand to deliver products with enormous market opportunity and make a positive impact on the world. The Inventys team is just that and together, we have the ability to advance the EOR market while curbing the planet’s greenhouse gas emissions.”To learn more about Inventys and its VeloxoTherm™ carbon capture system, please visit http://www.inventysinc.com.

About Inventys Thermal Technologies

Inventys is a proven team of gas separation pioneers commercializing the lowest cost, most energy efficient technology for capturing post-combustion carbon dioxide (CO₂ ) from industrial flue gas streams. The Company’s proprietary VeloxoTherm™ process is less than one third the cost of today’s post-combustion solutions, is a fraction of the size of other systems, and works with a variety of CO₂  sources, concentrations, and volumes. Inventys’ practical, capital-efficient approach means for the first time, energy and manufacturing companies can affordably reduce carbon emissions and man-made CO₂  can be economically utilized to produce valuable oil, finally enabling the widespread adoption of carbon capture and sequestration (CCS) and enhanced oil recovery (EOR). For more information on Inventys, please visit www.inventysinc.com.

Former US Energy Secretary Steven Chu Joins Board

VANCOUVER, British Columbia, (CNW)—Dec. 18, 2013—Nobel Laureate and former US Secretary of Energy, Dr.Steven Chu has joined the Board of Directors of Inventys Thermal Technologies, a company that has developed a breakthrough method for capturing CO2 from coal and natural gas power plants. It is significantly less costly to build and operate than competing systems. The captured CO2 can be injected underground for Carbon Capture and Sequestration (CCS), Enhanced Oil Recovery (EOR), or can be used in industrial applications such as chemical manufacturing.

“Carbon capture is a critical technology to move us to a clean energy future and Inventys has developed a practical, compact, and low cost system that allows existing fossil fuel power plants to dramatically lower their carbon emissions,” Dr. Chu said. “I look forward to serving on their board and helping guide the company forward.”

The Inventys system, called VeloxoTherm™, uses significantly less energy than competing systems, and this, combined with low capital costs, results in a capture cost of about $15 per ton of CO2, less than 1/5th the cost of current processes. In addition, the Inventys system is less than 1/10th the size of competing systems and is small enough to retrofit to existing power plants by connecting it directly to the flue stack.

Dr. Chu is currently the William R. Kenan, Jr. Professor of Physics and Professor of Molecular and Cellular Physiology at Stanford University. Before serving as Secretary of Energy in the first Obama administration, Dr. Chu was Director of the Lawrence Berkeley National Laboratory (LBNL) and Professor of Molecular and Cellular Biology at the University of California, Berkeley. Dr. Chu won the Nobel Prize in Physics in 1997 for “development of methods to cool and trap atoms with laser light.”

Andre Boulet, CEO of Inventys, said “Dr. Chu brings an incredibly broad expertise to Inventys — from molecular interactions to the macroeconomics of energy systems, and everything in between. We are thrilled to have him join our board.”

“I have been admiring Dr. Chu’s work since he led LBNL to preeminence in energy research. His deep knowledge and broad experience will bring tremendous value to Inventys,” said Dan Miller, Managing Director of The Roda Group, the lead investor in Inventys and the largest private investor in renewable oils company Solazyme.

The Inventys VeloxoTherm™ system is based on a Low Pressure Thermal Swing method. Put simply, a slowly rotating structure holds a proprietary material that traps carbon dioxide when it is cool and releases it when it is hot. On half of the rotation cycle, flue gas from the power plant is passed through the material and the CO2 in the flue gas is captured. On the other half of the cycle, steam is injected into the material to release the CO2, the leftover steam is condensed out leaving pure CO2, and the material cools down to be ready for the next cycle. The CO2 is then pumped underground for CCS or EOR applications, or used as a feedstock for chemical manufacturing or other industrial applications.

Inventys Thermal Technologies is based in Vancouver, Canada. The development of its technology is being supported by Sustainable Development Technology Canada, Alberta’s Climate Change and Emissions Management Corporation, and the National Research Council. More information about the company is available at http://www.inventysinc.com.

For more information, contact:

Andre Boulet, CEO
Inventys Thermal Technologies
andre.boulet(at)inventysinc.com
+1-604-456-0504

SOURCE Inventys Thermal Technologies

 For further information:

http://www.inventysinc.com

The Roda Group Announces Two New Cleantech Investments

BERKELEY, Calif., (BUSINESS WIRE)—June 5, 2012—The Roda Group, the largest investor in the renewable oils company Solazyme (NASDAQ:SZYM) and a venture capital group focusing on large-scale and lucrative business opportunities that address the issues of climate change, increasing demand for low carbon energy, and stress on the Earth’s natural resources, announced that it has invested in two new companies in the cleantech space.

mOasis has created a soil amendment product that increases crop yields while simultaneously reducing the need for fertilizer, water and water-related energy use. The product is a new type of hydrogel, a polymer known for its ability to absorb massive quantities of water. The mOasis product is able to enhance the amount of moisture and nutrients available to a plant’s root zone and significantly reduce water stress between rain or irrigation cycles. The company is led by Susanna Kass, CEO and Dr. Nai Hong Li, Co-Founder and CTO. mOasis is currently conducting field trials, managed by prominent agriculture scientists, that have already produced promising results.

Inventys has developed an energy and capital-efficient technology for capturing carbon dioxide from industrial sources. The company’s proprietary process is less than one-third the cost of existing industrial CO2 capture technologies and will enable the widespread adoption of carbon capture and sequestration. The company is led by CEO Andre Boulet and fellow co-founders Brett Henkel, Soheil Khiavi and Darryl Wolanski. Inventys is building an in-house pilot unit capable of capturing multiple tons of CO2 per day from a natural gas power generator by late 2012 and will be deploying field units with major industry partners in 2013.

Roger Strauch, Chairman of The Roda Group, said, “As was the case with Solazyme, The Roda Group is enthusiastic and proud to invest in talented and passionate people who look forward to developing and selling products that address enormous market opportunities while helping the world build a more sustainable and healthy environment and food supply. We believe that mOasis and Inventys will fundamentally advance the way we grow food and produce energy, respectively.”

http://www.businesswire.com/news/home/20120601005850/en

Inventys Signs R&D Agreement With Suncor Energy to Develop the VeloxoTherm™ CO₂ Capture Technology

VANCOUVER, British Columbia (PRWEB)—November 15, 2011—Inventys Thermal Technologies Inc. (“Inventys”) announced today that it has signed a Research and Development Agreement (“Agreement”) with Suncor Energy to develop theVeloxoTherm™ CO2 Capture Technology for deployment in carbon capture and storage projects and CO₂ enhanced oil recovery projects ventures.

“This new agreement with Suncor represents a significant milestone for us, as we advance our commercialization strategy,” said Andre Boulet, President and CEO of Inventys. “Suncor has provided us with valuable support in the current commercialization work plan funded in part by the Government of Canada Industrial Research Assistance Program.”

“We look forward to working with Suncor on the development of our VeloxoTherm™ CO₂ capture technology and working towards the deployment of strategically located commercial scale facilities,” said Boulet.

CO₂ is a greenhouse gas that is produced by the combustion of fossil fuels. In recent years, climate change has been increasingly attributed to rising CO₂ concentrations in the atmosphere. CO2 capture and storage (CCS) is considered a leading mitigation strategy for the reduction of greenhouse gas emissions. Governments around the world are planning for the mandatory reduction of CO₂ emissions as part of their environmental strategies.

As part of the capture and storage process,  CO₂ can also be used for Enhanced Oil Recovery (EOR). EOR is a 40-year-old commercially proven process where CO₂ is injected into mature oil fields to push the stranded oil to the surface. The United States alone has a potential of 50 billion barrels ($3.5 trillion dollars) of incremental oil production using CO₂ EOR.

About Inventys

Inventys is commercializing the lowest cost and most energy efficient technology for capturing post-combustion CO2 from industrial flue gas streams. The proprietary VeloxoTherm™ process is less than one-third the cost of existing capture technologies and uniquely enables CO₂  capture at a price point that unlocks an enormous and lucrative opportunity – CO₂ Enhanced Oil Recovery (EOR). Inventys’ goal is to rapidly create enterprise value by securing a significant share of the CO₂  EOR value chain and become a global technology supplier for the reduction of greenhouse gas emissions. Inventys is currently working on several pilot plant demonstration projects and partnering with some of the world’s largest energy and manufacturing companies to rapidly deploy the technology. For more information about Inventys, please visit the website at www.inventysinc.com.

Caution concerning forward-looking statements: Certain statements contained in this news release may constitute “forward-looking statements”. When used in this news release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “investigate”, ”looking at” and similar expressions, as they relate to Inventys or its management, are intended to identify forward-looking statements or information. Such statements or information reflect Inventys’ current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause Inventys’ actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements or information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Inventys does not intend, and does not assume any obligation, to update such forward-looking statements or information.

For further information, contact:

Inventys Thermal Technologies Inc.
Andre Boulet: Chief Executive Officer
Tel: 604.456.0504
Email: [email protected]

© 2011 Inventys Thermal Technologies Inc. All Rights Reserved