Belgium/United States – Solvay Ventures, the venture capital fund of Solvay, has taken a significant step towards combating greenhouse gas emissions and decarbonizing heavy industries by investing in Compact Membrane Systems (CMS).
The US-based company specializes in cutting-edge membrane solutions that facilitate carbon capture technologies, thus paving the way for sustainability in various industries. The partnership between Solvay and CMS aims to accelerate the clean energy transition and achieve carbon neutrality, particularly in challenging sectors such as steel, cement, materials, and chemicals. As they forge ahead with their commitment to sustainable growth, the two companies are poised to lead the charge towards a greener future.
By investing in CMS, Solvay aims to bolster its offerings and expertise in sustainable solutions while actively participating in the clean energy transition. The partnership between Solvay and CMS is a testament to their commitment to supporting innovations that protect the climate and create opportunities for sustainable growth.
Collaboration for sustainable solutions
CMS’s OptipermTM technology has already demonstrated its effectiveness in an olefin paraffin separation application at a leading polyolefins company. The success of this pilot program has paved the way for multiple field deployments in 2023 and beyond, with a focus on CO2 capture demonstrations. These advancements are crucial for accelerating the clean energy transition and fostering sustainable practices in energy-intensive industries.
As Solvay and CMS join forces, they hold the potential to make a significant impact on reducing greenhouse gas emissions and achieving carbon neutrality.
