Cool Planet sells biocarbon business to National Carbon Technologies

By Nikita Chaurasia  | Date: 2020-06-17

Cool Planet sells biocarbon business to National Carbon Technologies

Minnesota-based National Carbon Technologies recently announced the purchase of Cool Planet’s biocarbon business, based in in Colorado. Sources with credible information state that the acquisition also comprises of around 50 pending and issued patents for biocarbon product as well as production technologies for various applications such as water purification, agriculture, metals, and renewable energy.

Reportedly, the acquisition will allow NCT to integrate Cool Planet’s award winning product technologies in its low-cost commercial production. Furthermore, the patents acquired in this purchase will enable product and process enhancements such as use of performance enhancing microbes as well as additives.  

For the record, National Carbon Technologies is a leader in biocarbon market, and produces high performance products at its facility in Marquette, Michigan. This facility has the capacity to convert up to 300,000 tons of sustainably sourced biomass into biocarbon products annually. The plant’s patented design not only allows it to create its own energy, but also boasts of a notable sustainability and environmental profile.

NCT is known for tailoring its production capabilities according to its respective products, which enables it to achieve improved performance in its target markets.

NCT’s Chief Executive Officer James Mennell was reported saying that the company’s prevailing patents and high commercial production capabilities, along with the purchase of Cool Planet’s biocarbon technology portfolio will allow it to establish itself as a global leader in sustainable engineered biocarbon technologies in low cost range.

Former Chief Executive Officer for Cool Planet Jim Loar stated that the company’s biocarbon technology will now be more accessible through NCT’s commercial production capabilities.

Meanwhile, JJ Zmudzinski, who recently joined NCT as COO reportedly stated that the recent acquisition of Cool Planet’s business model, rising consumer demand as well as newly planned production facilities will help in establishing the company’s position as the frontrunner in advanced biocarbon space.

Source Credits –

https://www.prnewswire.com/news-releases/national-carbon-technologies-acquires-cool-planets-biocarbon-business-becomes-worlds-leading-advanced-biocarbon-producer-301077286.html

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More >>

More News By Nikita Chaurasia

Japan pushes innovations in 'deep tech' sector with solar cell technology

Japan pushes innovations in 'deep tech' sector with solar cell technology

By Nikita Chaurasia

Amid the most promising next-generation solar cell technology innovations, Enecoat Technologies, a provider of materials development services in Japan, is reportedly developing perovskite. Following its completion, the Kyoto-located start-up expec...

GIC to acquire majority shares in opulent Sani/Ikos properties

GIC to acquire majority shares in opulent Sani/Ikos properties

By Nikita Chaurasia

Singapore's sovereign wealth fund, GIC has agreed to pay around $2.2 billion to buy a majority stake in Sani/Ikos Group, a Mediterranean luxury resort operator, marking the largest transaction in the European resort market since the Covid-19 pand...

Excelra, Patcore partner to offer enhanced digital insights to customers

Excelra, Patcore partner to offer enhanced digital insights to customers

By Nikita Chaurasia

Excelra, a data and analytics solutions provider, has recently announced its partnership with Patcore, Inc., to provide better access to its analytics products and scientific data for customers in Japan. For the unversed, Excelra is one of the top...

TrueFoundry nabs $2.3M for technology team & product development expansion

TrueFoundry nabs $2.3M for technology team & product development expansion

By Nikita Chaurasia

Machine learning developer platform, TrueFoundry has reportedly secured $2.3 million in a seed funding round. Apparently, the investment round was headed by Sequoia India and the Southeast Asian Surge programme. Leading angels, including AngelList...

Brimbank Council's innovative 5G research project reaches new milestone

Brimbank Council's innovative 5G research project reaches new milestone

By Nikita Chaurasia

Brimbank Council's groundbreaking research project based on 5G technology has reportedly achieved a new milestone with the AI (artificial intelligence) development to detect dumped rubbish and damaged road signs. According to sources, the Mobi...