In Other Media Blog

Thursday 07/29/10

Novomer Awarded $18.4M in Federal Stimulus Funds

Novomer Inc. announced Wednesday is has been awarded $18.4M in federal funding from the Department of Energy to convert waste CO2 into various sustainable polymers, Market Watch reported. The CO2 would be used to manufacture such products as bottles, films, laminates, coatings on food and beverage cans, as well as other wood and metal surface applications. The CO2 for the work will be sourced from ethanol production facilities. In January, 12 companies were picked for Phase One of the project focusing on experiments and preliminary designs for pilot plants. Novomer was chosen to move into Phase Two in which the company and its partners will design, construct and operate a pilot-scale facility.

(Market Watch, July 29, 2010)

(http://www.marketwatch.com/…)

Posted at 3:16PM CDT 07/29/10
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