![]() Imtex's technology was invented by Dr Xianshe Feng, University Research Chair & Professor of Chemical Engineering at the University of Waterloo in Ontario. Imtex's Permylene TM membrane separation technology separates paraffins and purifies olefins, the building blocks for polyolefin resins and rubber chemicals. is an innovative Ontario-based membrane technology company that delivers energy and emissions reductions to olefin production. Most recently, Imtex has received funding from the Province of Ontario, through the OCE Voucher for Innovation and Productivity, GreenCentre Canada's CONNECT Program supported by NRC-IRAP, and BioIndustrial Innovation Canada's Ontario Bioindustrial Innovation Network (OBIN) which supports cluster development in Sarnia- Lambton and Eastern Ontario. The research that materialized into Imtex's pilot facilities was supported by a series of Ontario and Canada Federal government investments. Since inception, Imtex has received funding in excess of $22 million, led by Monteco Ltd. This unified approach demonstrates Alberta's and Canada's global leadership potential in low-carbon, hydrocarbon production." said Steve MacDonald, CEO, Emissions Reduction Alberta. "ERA is pleased to work with investment partners, such as SDTC, and entrepreneurs like Imtex, to leverage funds that accelerate new technologies to reduce emissions from petrochemical production. SDTC is proud that our early and ongoing support of Imtex is helping lead to a significant funding milestone and further progress toward commercialization," said Leah Lawrence, President & CEO, SDTC. ![]() "Over 40% of energy in petrochemicals is associated with chemical separations. In addition, funding proceeds will be used for several other global behind-the-fence projects (C2 and C4 olefin streams) in the United States, the Kingdom of Saudi Arabia, and South-East Asia. The focus of the investment is to build out two commercial facilities in Alberta and Ontario processing C3 refinery grade propylene and C4 raffinate. We are excited about our investment to support an accelerated scale-up and roll-out of their technology," said Aruna Subramanian, Managing Director, SABIC Ventures. "In a short period, Imtex has shown significant progress on the SABIC project. SABIC Ventures' parent company is a global leader in diversified chemicals with $40 billion in revenues and operations around the world. We now have the funding required to move forward on all fronts," said Karlis Vasarais, CEO, Imtex Membranes. "With over 10,000 hours of pilot operations demonstrating stable, on-spec results, Imtex has proven it can consistently achieve polymer-grade purification of olefins in a cost-effective, low-energy product offering. Traditional incumbent processes are energy-intensive, generating annual CO2e emissions equivalent to 40 million passenger vehicles. In the production process these olefins, namely ethylene, propylene and butene, must be separated from paraffins, being ethane, propane and butane. ![]() Imtex's Permylene TM membrane technology reduces energy and emissions intensity of light olefins, the main building blocks for resins and rubber chemicals. has reached its target funding goal of $20 million with over $10 million from SABIC Ventures US Holdings LLC ("SABIC Ventures") and Valent Low-Carbon Technologies, over $6 million from Sustainable Development Technologies Canada ("SDTC") and $3 million from Emissions Reduction Alberta ("ERA"). MISSISSAUGA, ON, /CNW/ - Imtex Membranes Corp.
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