Bronze Sponsor: Phytonix Corporation (USA)
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Phytonix Corporation is a renewable-chemical technology company headquartered in North Carolina, with development laboratories in Sweden, Virginia and South Dakota, and a business office in Vancouver, Canada. The Company is commercializing a patented process using photosynthesis that directly converts carbon dioxide emissions from industrial and manufacturing plants into renewable, high-value chemicals.
The Company's initial product will be n-butanol (also referred to as "normal butanol" or "butanol") which currently sells at a wholesale price of approximately $6.25/gallon in the industrial chemical market.
Phytonix management estimates that its patented process, which has been proven at lab scale, will enable it to produce butanol for about $1.35/gallon - which is less than ⅓ of the cost of the current method of producing butanol from propylene, a petroleum derivative. This would make Phytonix the world's low-cost producer of butanol. The world industrial chemical market for butanol is about $9 billion per year, of which about $2 billion per year is sold in the United States.
The Company's carbon-negative butanol production process replaces an existing fossil-based, carbon-intensive process currently employed by some of the world’s largest chemical companies. For every 125 gallons of n-butanol produced, the Phytonix process eliminates one ton of CO2.
Phytonix butanol production plants will be located on site at industrial facilities emitting large amounts of carbon dioxide. These include manufacturing plants, chemical plants, natural gas compression stations, steel mills, aluminum refineries, cement plants, petroleum refineries and even breweries. In mid-2016, the Company received a Letter of Intent to proceed with a pilot plant that would be hosted and funded by a leading, US manufacturing company for installation in 2017. Phytonix is in discussions with several other emitters of CO2 in different industry sectors for similar pilot plants.
The firm’s development partners at Uppsala University’s Angstrom Laboratory (Sweden) have engineered a species of cyanobacteria that directly secretes butanol via a modified photosynthetic process, utilizing carbon dioxide as the feedstock, and producing oxygen as a by-product. Colleagues at South Dakota State University are developing photobioreactors to cultivate the cyanobacteria. The Company's core technology and process is patented in the United States, the EU, Australia, and South Africa and patent-pending globally.
Box 565 Black Mountain
North Carolina 28803 USA
Founder & CEO
Tel: +1 (828) 230-5892
Tel: +1 (604) 790-8989