Inventys Announces US$11M Series C Fundraising Round with OGCI Climate Investments as Lead Investor

Advanced carbon capture technology company, Inventys, has secured US$11M with lead investment from OGCI Climate Investments, alongside existing investors The Roda Group and Chevron Technology Ventures, as part of a planned US$21M Series C Financing Round

VANCOUVER, BC, Canada — Monday, July 16, 2018 — Inventys today announced that it has closed an initial tranche of its Series C equity financing led by OGCI Climate Investments, and including existing investors The Roda Group and Chevron Technology Ventures. A total amount raised so far of US$11M towards the Series C financing will fund the 30-tonne per day (TPD) CO₂ capture pilot plant demonstration program with Husky Energy scheduled to be in operation in Q1-2019, as well as support Inventys’ aggressive time-to-market strategy for 2020.

Dr. Pratima Rangarajan, CEO of OGCI Climate Investments, said, “As we address climate change, we must develop economic ways to capture, utilize, and store CO2. Inventys’ technology can cause a step change in the economics of CO2 capture.”

“At Inventys, we see it as an opportunity to put CO₂ to work. Some say it’s too costly and difficult to capture and use or store CO₂ using a distributed supply model. We believe Inventys’ technology will prove them wrong,” said Inventys President & CEO Claude Letourneau.

“We’ve built a world-class team of scientists, engineers, technicians, specialists, strategists, project developers and entrepreneurs dedicated to creating a global CO₂ marketplace using our breakthrough next-generation carbon capture technology.’’

A key building block for unlocking the growth of the CO₂ marketplace is shifting the carbon capture cost curve down by at least a factor of two from conventional technology (chemical solvents). Inventys found a way to do this with advanced solid adsorbent nanomaterials, combined with a novel modular compact contactor, to capture CO₂ from very dilute post-combustion flue gases (from industrial processes and gas-fired power plants).

Dr. Steven Chu, former US Secretary of Energy and a member of Inventys’ board of directors, said “Carbon capture, utilization, and sequestration from point sources such as power, cement, and steel plants is essential to minimize the risks of climate change. After completing an extensive due diligence process, OGCI Climate Investments recognized that Inventys has a leadership position in dramatically lowering the cost of carbon capture needed to develop this multibillion-dollar market opportunity.”

Due to the interest expressed by a number of strategic investors, the company is able to issue a number of additional Series C shares, for additional proceeds of up to US$10M (completing the US$21M Series C round), within a limited time window following this initial close.


About Inventys

Inventys Thermal Technologies Inc., headquartered in Vancouver, BC, Canada, is a leading carbontech company with a vision to be a global leader in building a CO₂ marketplace and enable the mass market for bulk distributed CO₂ supply by being a focused low-cost supplier. Inventys is working to create new market spaces by leveraging its breakthrough carbon capture technology. For more information, please visit www.inventysinc.com.

 

About OGCI Climate Investments

OGCI Climate Investments LLP is a billion-dollar investment fund focused on initiating practical actions to deliver solutions for a sustainable, low-emissions future. The fund invests in technologies that have the potential to significantly reduce greenhouse gas emissions, are economically viable, ready to be commercialized, and deployed at scale. It was launched in November 2016 by the Oil and Gas Climate Initiative, a voluntary initiative led by CEOs of 10 global oil and gas companies. For more information, please visit www.oilandgasclimateinitiative.com.

 

 

For more information, please contact:
Alison Cartier
Manager, Marketing & Communications
Inventys Inc.
M:  +1.778.990.873
Email: alison.cartier(at)inventysinc.com

 

For printing or downloading a PDF copy of the release: OGCI-Investment-SeriesC

Additional $2.6M Received from NRCan to Accelerate Deployment of Next-Gen CO₂ Capture Pilot Plant

Raising total Government funding for the once-through steam generator (OTSG) CO₂-capture pilot demonstration program to $12.3M, including support from SDTC, ERA, WINN, and IRAP VANCOUVER, British Columbia — Friday, December 15, 2017 — Inventys, the developer of the VeloxoTherm™ Process, a carbon dioxide (CO₂) capture system, is receiving $2.6M from Natural Resources Canada (NRCan) through its Energy Innovation […]

Former Airbus CTO Joins Board of Inventys a Canadian Carbon Capture Company

VANCOUVER, British Columbia —August 31, 2017 — Former Airbus CTO Jean Botti recently joined the Board of Directors of Inventys, a clean energy technology company that has developed a transformational method for capturing CO2 from industrial, natural gas and coal power plants.

“I’m very pleased to join the board of Inventys at such a pivotal time in our history as the world comes together to address decarbonizing the energy sector” said Botti. “I look forward to working closely with the other members of the Board and executive team to help develop new collaboration to spur innovation and to tap into the capabilities of industrial partners and universities needed to commercialize this technology.”

The VeloxoTherm™ System is a next generation CO2-capture technology that has the potential to deliver breakthrough capture costs. By combining a uniquely patented solid adsorbent structure with a rapid cycle temperature swing adsorption process, Inventys has successfully demonstrated economical CO2 capture capabilities with its compact adsorption machine.

Inventys President and CEO Claude Letourneau said, “With extensive experience in managing world-class industrial R&D programs, large-scale product development and market launches, the appointment of Mr. Botti will further strengthen our ability to rapidly scale-up our first pilot plant and to develop a high-quality and reliable manufacturing eco-system.”

Recently Inventys announced plans to build a 30-tonne per day (TPD) CO2-capture pilot plant aimed at producing a low-cost CO2-supply solution for Husky Energy’s heavy oil enhanced oil recovery (EOR) program near Lloydminster, Saskatchewan.

“Jean provides experience launching first-in-the-world technologies and creating market leaders,” Inventys Chairman Wayne G. Thomson said. “He is widely recognized for accelerating development and Inventys will benefit from his global experience building partner relationships.”

Botti was Chief Technical Officer of Airbus Group from 2006 to 2016 where he was responsible for research and development, business development, and program management. During this time he created the 25-year roadmap for electric aviation and delivered the world’s first electrical aircraft in 2015.

 

ABOUT INVENTYS

Inventys is a clean energy technology company with a credible solution for capturing point-source CO2 emissions and accelerating the global transition to a low-carbon economy. The VeloxoTherm™ process combines Inventys’ patented Adsorbent Structure and rapid cycle thermal swing process to achieve unmatched economics. Unlike conventional methods, this three-step process maximizes carbon capture productivity, cuts capital costs, and reduces regeneration energy. 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.

For more information please contact:

Alison Cartier
Manager, Marketing & Communications
Inventys, Inc.
M:  +1.778.990.8734
O:  +1.604.456.0504  x256
Email: [email protected]
For printing or downloading a pdf copy of the release: 2017-08-31_New-Director-Botti.pdf

Inventys Appoints Daryl Musselman as New VP Manufacturing Operations

VANCOUVER, British Columbia —August 31, 2017 — Inventys announced that Daryl D. Musselman, PhD, P.Eng. was recently appointed Vice President, Manufacturing Operations, filing a strategic position as the carbon capture technology company builds the world’s first pilot-scale plant using structured adsorbents to capture CO2 for Husky Energy.

“Daryl has unique experience in the gas separation business and comprehensive understanding of structured adsorbent bed manufacturing process,” President and CEO Claude Letourneau said. “Furthermore, with more than 25 years’ experience as a mechanical expert, he will be responsible for the strategy, planning, direction and execution for all of our manufacturing operations, including supply chain management, engineering group (manufacturing process and full turn-key gas treatment plants) and field services of gas plants.”

Dr. Musselman commented, “Inventys is pioneering the development of a compact adsorption machine to separate CO2 from dilute flue gas. This approach, in my opinion, has the potential to significantly improve the speed, size, and costs of carbon capture system deployment. I look forward to contributing to the commercialization of this technology.”

The VeloxoTherm™ System is a next-generation CO2-capture technology that has the potential to deliver breakthrough capture costs. By combining a uniquely patented solid adsorbent structure with a rapid cycling temperature swing adsorption process, Inventys has successfully demonstrated economical CO2-capture capabilities with its compact adsorption machine.

Earlier this year, Inventys announced plans to commission a 30-tonne per day (TPD) CO2-capture pilot plant to capture CO2 from a once-through steam generator (OTSG)  at Husky’s Pikes Peak South Lloyd thermal project. The pilot plant is planned to be commissioned in the fall of 2018.

 

ABOUT INVENTYS

Inventys is a clean energy technology company with a credible solution for capturing point-source CO2 emissions and accelerating the global transition to a low-carbon economy. The VeloxoTherm™ process combines Inventys’ patented Adsorbent Structure and rapid cycle thermal swing process to achieve unmatched economics. Unlike conventional methods, this three-step process maximizes carbon capture productivity, cuts capital costs, and reduces regeneration energy. 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.

For more information please contact:

Alison Cartier
Manager, Marketing & Communications
Inventys, Inc.
M:  +1.778.990.8734
O:  +1.604.456.0504  x256
Email: [email protected]
For printing or downloading a pdf copy of the release: 2017-08-31_VP-Manufacturing.pdf

Inventys Closes CAD$10M Equity Investment with Husky Energy as Lead Investor

Financing supports the deployment of a next-gen carbon capture pilot plant at Husky’s Pikes Peak South Lloyd thermal project

VANCOUVER, British Columbia — Tuesday, July 11, 2017 — Inventys, the developer of the VeloxoTherm™ System, a carbon dioxide (CO2) capture process, today announced that it has closed an equity financing with Husky Energy as lead investor. The Company raised total cash proceeds of CAD$10 million in this first tranche of its current Round B-11 financing process, including investments from existing investors, The Roda Group and Chrysalix Energy Venture Capital.

Proceeds from the transaction will fund a 30-tonne per day (TPD) CO2-capture pilot plant aimed at producing a low-cost CO2-supply solution for Husky’s heavy oil enhanced oil recovery (EOR) program near Lloydminster, Saskatchewan.

“We’re very pleased to work with Husky and welcome its investment and industry knowledge,” said Inventys President and Chief Executive Officer Claude Letourneau. “This is the world’s first pilot-scale plant using structured adsorbents to capture COfrom a once-through steam generator (OTSG) for use in heavy oil recovery.”

Letourneau added, “Canada offers the perfect setting to prove our second generation carbon capture technology, reduce carbon emissions, uphold Canada’s climate goals, create jobs, and support industrial growth.”

The VeloxoTherm™ System is a next-generation CO2-capture technology that has the potential to deliver breakthrough capture costs. By combining a uniquely patented solid adsorbent structure with a rapid cycling temperature swing adsorption process, Inventys has successfully demonstrated economical CO2 capture capabilities with its compact adsorption machine.

Earlier this year, Inventys commissioned a self-contained 0.5 TPD VeloxoTherm field demonstration plant at the same Husky site as a platform for rapid development of its new adsorbent structures. The demo plant has recorded meaningful data since testing began in early 2017. The test results over the next six months will shape the design of the 30-TPD plant. The pilot plant is planned to be commissioned in the fall of 2018.

Husky has been growing its heavy oil bitumen production in the Lloydminster region of Saskatchewan and Alberta through the use of thermal technologies, where steam is injected into oil reservoirs to increase recovery. Through Inventys’ technology, Husky is looking to capture the CO2 generated from its thermal operations and use it to increase oil recovery from adjacent assets.

Inventys’ structured adsorbent is a platform technology which is used in gas separation processes, including the VeloxoTherm™ process.   The company’s patented structured adsorbent technology is used to capture high purity CO2 from dilute flue gas from coal and gas-fired power plants and industrial processes using novel proprietary solid structured adsorbent materials. This technology supports an aggressive time-to-market strategy needed to keep global warming under 2°C.

 

ABOUT INVENTYS

Inventys is a clean energy technology company with a credible solution for capturing point-source CO2 emissions and accelerating the global transition to a lower-carbon economy. The VeloxoTherm™ process combines Inventys’ patented Adsorbent Structure and rapid cycle thermal swing process to achieve unmatched economics. Unlike conventional methods, this three-step process maximizes carbon capture productivity, cuts capital costs, and reduces regeneration energy. 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.

For more information please contact:

Alison Cartier
Manager, Marketing & Communications
Inventys, Inc.
M:  +1.778.990.8734
Email: [email protected]
For printing or downloading a pdf copy of the release: 2017-07-11_Husky-Investment

Industrial Projects Veteran Appointed as New President & CEO

Claude Letourneau brings more than 30 years’ experience in advanced technology development and commercialization to carbon capture company’s executive team.

VANCOUVER, British Columbia — March 23, 2017 — Inventys the developer of the VeloxoTherm™ System, a next-generation carbon dioxide (CO2) capture process, today announced the appointment of Claude Letourneau as the company’s President and Chief Executive Officer. A veteran technology executive with a successful track record of managing large world-class projects, Letourneau will help lead Inventys through commercialization of its transformational carbon capture system.

“We are very pleased to have attracted Claude Letourneau to lead Inventys,” said Inventys Chairman Wayne G. Thomson. “Claude has a rare range of experience; he combines success in advanced technology development with extensive experience leading major capital-intensive industrial projects. This is experience we need at Inventys as we roll out our large field demonstration and commercial facilities.”

Before joining Inventys, Letourneau served in senior-level management roles in mining, metallurgy and construction as well as with innovation-driven enterprises. He provides the experience needed to guide Inventys to new levels of growth and opportunity.

“Inventys’ strategic shift to open collaboration has delivered a technology breakthrough that is transforming the carbon capture industry,” said Co-Founder and CTO Soheil Khiavi. “Over the past six months, we have successfully used new adsorbent materials in our structured adsorbent platform and demonstrated a three-fold increase in capacity and lower regeneration energy.

“Our techno-economic assessments indicate we should meet the transformational carbon capture cost targets and with the latest breakthrough in our structures technology we could surpass industry expectations in the future,” Khiavi added. “I’m thrilled to welcome a high-caliber executive to help us along this next phase and accelerate the company’s time to market.”

The company’s thermal swing adsorbent technology captures high purity CO2 from diluted flue gas from coal and gas-fired power plants and industrial processes using novel proprietary solid structured adsorbent materials.

“Climate change is one of the greatest challenges the world faces today.  I’m very excited to join this strong technical team and experienced Board with a clear vision and drive to commercialize a breakthrough solution to carbon capture,” said Letourneau. “Inventys is a unique company—its intellectual property rights and internal adsorbent manufacturing combined with collaborative partnerships for its compact adsorption machine (CAM) support an aggressive time-to-market strategy needed to keep global warming under 2°C.”

 

ABOUT INVENTYS

Inventys is a clean energy technology company with a credible solution for capturing point-source CO2 emissions and accelerating the global transition to a low-carbon economy. The VeloxoTherm™ process combines Inventys’ patented Adsorbent Structure and rapid cycle thermal swing process to achieve unmatched economics. Unlike conventional methods, this three-step process maximizes carbon capture productivity, cuts capital costs, and reduces regeneration energy. 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.

For more information please contact:

Alison Cartier
Manager, Marketing & Communications
Inventys, Inc.
M:  +1.778.990.8734
O:  +1.604.456.0504  x256
Email: alison[email protected]
For printing or downloading a pdf copy of the release: 2017-03-23_New-CEO.pdf

Government of Canada Supports Innovative CO₂ Capture Technology

BURNABY, BC, July 13, 2016 /CNW/ – Cleantech innovator Inventys is receiving up to $275,000 from the Government of Canada to deliver a cutting-edge CO2 capture technology. The announcement was made today by Terry Beech, Parliamentary Secretary for Science, on behalf of the Honorable Kirsty Duncan, Minister of Science.

“Investing in the low carbon economy has the potential to bring lasting health, economic, and environmental benefits to Canadians and people around the world,” said Parliamentary Secretary Terry Beech. “Our government’s commitment to combatting greenhouse gas emissions means increasing opportunities for Canadian small and medium-sized inventors, like Inventys.”

This funding will go toward the development of Inventys’ next generation VeloxoTherm system, a solid adsorbent technology. The VeloxoTherm system is a low-cost, non-toxic technology that captures CO₂ from post-combustion emissions and is used by the energy and industrial sectors for greenhouse gas reduction.

This investment is made through the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP), which supports thousands of small and medium-sized enterprises in Canada every year in developing and commercializing innovative technologies.

“Inventys has the potential to develop a Canadian-made, new-to-the-world adsorption technology for carbon capture that removes the barriers to a low-carbon economy,” said Inventys’ Executive Chairman, Wayne G. Thomson. “Funding from NRC-IRAP and the program’s hands-on approach continues to have a significant impact on the development of our transformative clean energy technology.”

NRC-IRAP has worked with Inventys since 2008, attracting other investors and influencing the company’s growth from two to 22 employees.

Related Links 

Inventys
National Research Council of Canada Industrial Research Assistance Program 

SOURCE National Research Council Canada

For further information: Media Relations Team, National Research Council of Canada, 1-855-282-1637 (toll-free, 24/7, in Canada only), 1-613-991-1431 (elsewhere in North America), [email protected], Twitter: @NRC_CNRC; Véronique Perron, Press Secretary, Office of the Minister of Science, 343-291-2600; Media Relations, Innovation, Science and Economic Development Canada, 343-291-1777, [email protected]

RELATED LINKS
www.nrc.gc.ca

For printing or downloading, here is a pdf copy of the release.

Inventys Announces Strategic Changes to its Leadership Team

Wayne G. Thomson leads company as Executive Chairman. VeloxoTherm™ co-inventor Soheil Khiavi named as CTO. New direction focuses on open collaboration.

VANCOUVER, British Columbia — May 24, 2016 — Inventys today announced several leadership changes to support the company’s ongoing strategy to transform the carbon capture industry with its VeloxoTherm™ process.

The Board of Directors appointed Wayne G. Thomson, a seasoned oil, gas, and technology executive as Executive Chairman, replacing CEO André Boulet. Soheil Khiavi, co-inventor of the VeloxoTherm™ process, was named to the new role of Chief Technology Officer (CTO). The newly appointed executive team also includes co-founders Brett Henkel, VP, Commercial Development and Darryl Wolanski, VP, Business Development; plus, Karen Miller, VP Finance; and Matthew Stevenson, Director, Corporate Strategy.

“To mitigate the risks of climate change, we will need to capture carbon from all localized sources, especially coal and natural gas power plants, and also from cement, steel, fuel, and petrochemical plants,” says Inventys Board Member Dr. Steven Chu, former US Energy Secretary and Nobel Laureate. “Inventys is developing technical advances that should dramatically reduce the cost of carbon capture so that it can be deployed worldwide. If successful, our technology could revolutionize carbon capture.”

“The Board thanks Mr. Boulet for his contributions to the business,” said Mr. Thomson. “This change reflects Inventys’ renewed interest in developing partnerships with industry and academia which will be critically important in advancing the company’s next generation carbon capture technology.”

As CTO, Mr. Khiavi will lead the company’s focus on developments in adsorbent materials and broaden the application of its core technology platform for other gas separations. Mr. Khiavi has more than 20 years of experience in fundamental research and product development and is cited on at least 100 patents and patent applications and numerous technical publications in the field of gas separations

“Inventys’ Adsorbent Structures are a technology platform that can be used in numerous gas separation processes, including carbon capture,” said Mr. Khiavi. “Adsorbent structures are an enabling technology that can employ adsorbent materials of most any description and put them to use in real-world applications.”

 

ABOUT INVENTYS

Inventys aims to revolutionize carbon capture and accelerate the global transition to a low-carbon economy. The company’s VeloxoTherm™ process uses patented adsorbent structures and a rapid cycle thermal swing process to avoid the high costs associated with other conventional carbon capture processes. For more information, please visit www.inventysinc.com or connect with us on Facebook or Twitter @inventysinc.

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: 2016-05-24_Leadership-Changes_news

 

 

 

Inventys Named One of BC’s Top Emerging Cleantech Companies

Rocket Builders’ lists include BC technology companies with ‘great potential for investment and market breakthroughs in the coming year.’

VANCOUVER, British Columbia — March 11, 2016 — Inventys, the company that’s transforming post-combustion carbon capture, today announced that it was named one of BC’s top emerging cleantech companies.

Rocket Builders recently released its 14th annual “Ready to Rocket” lists, which included Inventys as one of its Emerging Rockets. An Emerging Rocket company is defined by Rocket Builders as ‘a company with great potential to achieve market milestones but may be a few years away from maximum revenue growth.’

“We are tracking Inventys because they are developing novel technology for carbon capture,” said Dave Thomas, Senior Partner, Rocket Builders. “It is one of the hot sectors in Cleantech and a market where we anticipate a lot of growth. We look forward to hearing more about them as they enter the market with their proprietary emissions reduction technology.”

Inventys is the developer of the VeloxoTherm™ carbon dioxide (CO2) capture process, a breakthrough technology that could help create a carbon-free source of energy. The VeloxoTherm™ process works by grabbing the carbon dioxide at its emission source. It is different from other post-combustion CO₂ capture technologies through its innovative design of adsorbent structures. Most other post-combustion CO₂ capture processes use liquid solvents, also known as amines.

Made from benign activated carbon, the proprietary structured adsorbents within the VeloxoTherm™ process accelerate the adsorption process and minimize energy requirements.

“This is a pivotal time for Inventys. A number of market forces are driving interest in innovative solutions to reduce emissions,” said Inventys President and CEO André Boulet. “Not only are we commercializing a technology that could help bridge the gap between environmental sustainability and fossil fuel use,  the VeloxoTherm™ process  captures CO2 at a lower cost than any competing technology.”

Inventys is gaining traction on many fronts. The company is currently working on a U.S.-Department-of-Energy-funded study with NRG Energy Inc. to prove that the cost of capture, both from an upfront capital requirement as well as from an operating standpoint, is lower using this new post-combustion capture process when compared to existing baseline technologies.

Inventys’ founders, André Boulet, Brett Henkel, Soheil Khiavi & Darryl Wolanski, were also awarded a Clean50 award, which recognizes the contributions of its recipients toward clean capitalism and sustainable development. The Clean50 Award is given annually from Delta Management Group to the 50 individual leaders who have done the most to advance clean capitalism and sustainable development in Canada over the prior two years.

 

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.

 

About Ready to Rocket

Ready to Rocket is a unique business recognition list that profiles technology companies with the greatest potential for growth. Each year, based on analysis of trends that will drive growth in the Clean Technology sector, Rocket Builders identifies the top private companies that are best positioned to capitalize on the trends for growth. This selection methodology has been an accurate predictor of growth with “Ready to Rocket” companies exceeding industry averages for revenue, employee and investment growth. http://www.readytorocket.com

 

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]nventysinc.com

 

For printing or downloading a pdf copy of the release: 2016-03-11_Ready-to-Rocket

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.