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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 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

 

 

 

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