|By PR Newswire||
|April 2, 2014 04:06 PM EDT||
IRVINE, Calif., April 2, 2014 /PRNewswire/ -- Newlight Technologies, a company changing the way we think about carbon emissions by using greenhouse gas as a high-value resource to produce cost-effective, carbon-negative AirCarbon plastics, has successfully completed a Series C financing round, raising $9.2 million from both new and existing investors, and bringing the company's total capital raise to $18.8 million.
"Today, over ten years after our founding, Newlight is converting greenhouse gases such as methane into sustainable, carbon-negative plastics at commercial scale, producing a thermoplastic material in AirCarbon that can replace oil-based plastics by matching on performance and significantly out-competing on price," said Mark Herrema, CEO of Newlight. "This funding reinforces the strength of our market position, from our products to our patents to our groundbreaking technology, and will allow Newlight to reach its next phase of commercialization objectives: significantly expanding our commercial production capacity, and moving the company further towards its goal of replacing oil-based plastics with carbon-negative AirCarbon thermoplastics on a global scale."
Newlight has developed a disruptive greenhouse gas conversion technology to convert air and greenhouse gas into high-performance sustainable plastics. Due to the high heat-trapping potential of methane compared to carbon dioxide, the company's primary focus is on sequestering methane-based greenhouse gases, which have over 20 times the heat-trapping impact of carbon dioxide. Newlight is now using the company's patented, award-winning methane-to-PHA bioconversion technology to convert methane (such as biogas) from farms, water treatment plants, and municipal landfills into a high-value PHA-based thermoplastic material called AirCarbon at commercial scale.
AirCarbon is a PHA-based thermoplastic made by pulling carbon out of greenhouse gas to form a long chain thermoplastic molecule that can match the performance of oil-based plastics. Using Newlight's breakthrough microorganism-based 9X biocatalyst, which generates a polymer conversion yield that is over nine times higher than previous methane-to-PHA conversion technologies and fundamentally shifts the cost structure of greenhouse gas to plastic conversion, AirCarbon can significantly out-compete oil-based plastics, such as polypropylene and polyethylene, on price.
In 2013, after ten years of continuous pilot and demonstration scale operations, Newlight scaled up its patented GHG-to-AirCarbon production process to commercial scale at a four-story, multi-million pound per year production facility in California, converting captured methane from an anaerobic digester into carbon-negative AirCarbon thermoplastic. Also in 2013, Newlight unveiled the world's first carbon-negative product made using AirCarbon, launching the AirCarbon chair at the Greenbuild International Conference in Philadelphia.
Newlight is now working with Fortune 500 partners to launch carbon-negative AirCarbon products across a range of market segments, including in automotive, electronics, construction, apparel, and other market segments: products that maintain performance, significantly reduce cost, and reverse the flow of carbon out of the air. Simultaneously, to meet demand for AirCarbon, Newlight is preparing to significantly expand the company's greenhouse gas-to-plastic manufacturing capacity with the commissioning of a 50 million-pound per year production facility over the coming quarters.
Newlight Technologies (www.newlight.com) is a sustainable materials company using a breakthrough microorganism-based biotechnology process to convert air and greenhouse gas into carbon-negative thermoplastics that can replace oil-based plastics at commodity scale.
Founded in 2003, Newlight has invented, patented, and commercialized AirCarbon™, a material made from air and greenhouse gas (such as methane) that can match the performance of oil-based plastics while out-competing on price, representing a market-driven solution to carbon capture. Following critical breakthroughs on process yield and product performance, overcoming classical and longstanding challenges to the microorganism-based conversion of greenhouse gas into PHA-based materials, AirCarbon is currently being used to manufacture furniture, bags, caps, and a variety of other products, with partners including Fortune 500 companies and brand-name market leaders.
In recognition of the company's technological and commercialization achievements, Newlight was named "Most Innovative Company of the Year" in 2013, and AirCarbon was named "Biomaterial of the Year" and "Tech Innovation of the Year" in 2013. Newlight also received a R&D 100 Award for AirCarbon in 2013 as "one of the 100 most technologically significant innovations of the year."
For more information, visit www.newlight.com
SOURCE Newlight Technologies
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 9, 2016 07:15 AM EST Reads: 213
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 9, 2016 07:00 AM EST Reads: 180
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
Feb. 9, 2016 06:45 AM EST Reads: 288
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Feb. 9, 2016 06:45 AM EST Reads: 165
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Feb. 9, 2016 06:30 AM EST Reads: 349
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Feb. 9, 2016 06:15 AM EST Reads: 171
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
Feb. 9, 2016 06:00 AM EST Reads: 248
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Feb. 9, 2016 05:30 AM EST Reads: 125
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
Feb. 9, 2016 05:30 AM EST Reads: 151
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
Feb. 9, 2016 05:15 AM EST Reads: 220
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Feb. 9, 2016 05:15 AM EST Reads: 183
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Feb. 9, 2016 05:00 AM EST
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Feb. 9, 2016 04:45 AM EST Reads: 179
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
Feb. 9, 2016 04:45 AM EST
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Feb. 9, 2016 04:30 AM EST Reads: 139