Trans Ionics Awarded Grant from the United States Department of Energy to Develop Novel Petrochemical Separation Process
The Woodlands, TX October 11, 2006 - Trans Ionics Corporation announced today that it has been awarded a Phase II Small Business Innovation Research Grant from the United States Department of Energy to develop an energy-efficient process to recover high-valued chemicals in refining and petrochemical operations. Trans Ionics will receive $750,000 over the two-year program in addition to the $100,000 already provided by DOE for the Phase I program during 2005.
“The goal of this program is to develop a state-of-the-art process that selectively separates olefins like ethylene and propylene, which are the basic building blocks of many commercial plastics, from mixed gas streams, while using only a fraction of the energy expended in current cryogenic separation units,” says Dr. Robert C. Schucker, founder and President of Trans Ionics. “During the Phase I program we generated very positive data indicating that this process is feasible; and we are grateful to the Department of Energy for the Phase II grant which will enable us to scale it up to a large pilot plant size and test it in a plant in East Texas. When fully developed, we expect this process to reduce the capital and operating costs of olefin separating facilities significantly and believe that numerous U. S. companies will benefit from its commercial development.”
About Trans Ionics
Trans Ionics is an early stage privately held company focused on the discovery and development of novel separation-based technology for the petroleum and petrochemical industries. The recipient of $2 million in federally funded SBIR grants in the past five years, primarily from DOE, and a client company of the Houston Technology Center, Trans Ionics has five technologies in various stages of commercial readiness and plans to begin commercializing the first of these in 2007. Please refer to www.transionics.com for more details.
About the Houston Technology Center
Houston Technology Center (HTC) is a business accelerator that assists Houston-based emerging technology companies in key sectors such as: Energy, Information Technology, Life Sciences, Nanotechnology and NASA-originated technologies. See www.houstontech.org for more information.