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COAWAY will produce CO2 at below the cost of our competitors for sale in a $12B/yr market.

  • Stage Product In Development
  • Industry Industrial/Energy
  • Location New York City, NY, USA
  • Currency USD
  • Founded September 2009
  • Employees 3
  • Website

Company Summary

We produce CO2 by absorption from flue gas and the atmosphere using waste heat to drive airflow by convection and to separate the absorbent from the CO2 at <100C. This results in very low CapEx and OpEx. Geothermal heat in oil fields can drive the process to produce CO2 for enhanced oil recovery, with no transportation cost. CO2-EOR is currently a $10B market and growing. COAWAY is a finalist for the $25M Virgin Earth Challenge.


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    George R. Hendrey
    VP & CTO

    MS and PhD in Civil Engineering Univ. of Wash., currently Distinguished Professor and Director, School of Earth and Environmental Sciences, Queens College and the Graduate Center, CUNY. George was formerly Sr. Scientist (tenured) and Head of the Earth Systems Sciences Division at BNL where he designed and led construction of large-scale field facilities for manipulation of CO2 for experiments in forests and other ecosystems.

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    Robert B. Polak

    B.S. in chemical engineering from Cornell University, MBA Harvard University. Bob is an entrepreneur and financial and technical consultant to the alternative energy, chemical, biotechnology, other industries. He formerly held management, technical and financial positions with Akzo, Armour, Honeywell & Chevron. Bob is also Co-Founder & Executive Chairman of Phycal, Inc. a clean-tech company.

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    Meyer Steinberg
    VP & Chief Engineer

    BS Cooper Union, MS Chemical Engineering from Brooklyn Polytech. Meyer worked on nuclear, materials and fuel processes at BNL and holds numerous patents for energy-relate processes including the first patent on producing fuel by hydrogenation of CO2 using nuclear power plants. Meyer is an internationally recognized consultant in the chemical engineering field with a particular interest in fossil fuels.