February 27, 2017 1:45 AM ET

Chemicals

Company Overview of Newlight Technologies, LLC

Company Overview

Newlight Technologies, LLC provides greenhouse gas-to-plastic bioconversion technology to produce plastics from air and methane. It offers a carbon capture technology to produce high-performance thermoplastics from air and methane emissions. The company provides AirCarbon, a material made by sequestering carbon emissions that is used in a range of applications, including fossil fuel-based polypropylene, polyethylene, ABS, polystyrene, and TPU. Newlight Technologies, LLC was founded in 2003 and is based in Costa Mesa, California.

2941 Randolph Avenue

Costa Mesa, CA 92626

United States

Founded in 2003

Phone:

714-556-4500

Fax:

714-556-4502

Key Executives for Newlight Technologies, LLC

Co-Founder and Chief Executive Officer
Co-Founder and Chief Technology Officer
Chief Operations Officer
Compensation as of Fiscal Year 2016.

Newlight Technologies, LLC Key Developments

Newlight Signs Supply, Collaboration and Technology License Agreement With IKEA

IKEA SUPPLY AG and Newlight Technologies announced that they have entered into a supply, collaboration, and technology license agreement that will supply IKEA with AirCarbon from Newlight's commercial-scale production facilities and enable IKEA to produce AirCarbon thermoplastic under a technology license. Under the agreement, IKEA will purchase 50% of the material from Newlight's 23,000 tonne per year plant in the United States, and subsequently IKEA has exclusive rights in the home furnishings industry to use Newlight's carbon capture technology to convert bio-based greenhouse gases, first from biogas and later from carbon dioxide, into AirCarbon thermoplastics for use in its home furnishing products. Both the companies will work together to identify and select the low cost carbon sources and development of the technology to use a range of renewable substrates, with a long term goal to develop capacities up to 453 KTA or 1 Billion pounds per year. The AirCarbon plants are initially intended to run using biogas from landfills as their sole carbon feedstock inputs, with expansion into other AirCarbon feedstocks over time, such as carbon dioxide.

Newlight Technologies Signs Take-Or-Pay Off-Take Agreement with Vinmar International Ltd

Newlight Technologies announced that it has signed a take-or-pay off-take agreement with Vinmar International Ltd. Under the terms of the 20-year master off-take agreement, Vinmar will initially purchase and Newlight will sell £1 billion of AirCarbon PHA. The Vinmar contract provides for the sale of 100% of AirCarbon PHA from Newlight's planned £50 million per year production facility for 20 years.  The contract will also cover 100% of the output from a £300 million per year AirCarbon production facility and a £600 million per year AirCarbon production facility for a total of up to £19 billion over 20 years. AirCarbon is a PHA-based thermoplastic made from greenhouse gas that is used and being developed for use in a wide range of products, including films, caps and closures, furniture, electronics accessories, bottles and other applications.  Newlight produces AirCarbon by combining a breakthrough high-yield biocatalyst with air and captured methane-based greenhouse gas emissions to produce a bio-based AirCarbon thermoplastic material that is cost competitive with petroleum-derived thermoplastics.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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