Novomer Reaches $18.4M in Funding from DOE

Novomer - Ithaca, NY

January 01, 2011

Novomer, Inc. has received $18.4 million in total funding from the U.S. Department of Energy to convert waste carbon dioxide into plastics for use in bottles, laminates and other applications. The latest award is the second phase of a DOE grant and is part of a national effort to capture CO2 from industrial sources for storage or beneficial use. The first phase was pilot development, and the company now will move into larger-scale development of its CO2-to-plastics process. The company’s Ithaca based research and development lab was funded with $475,000 by NYSERDA to develop its competitively priced high-performance green plastics, polymers and other chemicals.

For more information, read Novomer notches $18.4M grant from DOE.

Information on NYSERDA's Research and Development Projects with this company: Novomer, Inc.

Novomer, Inc.
950 Danby Rd
Ithaca, NY