Founded out of Princeton University and Northwestern University, Newlight Technologies developed a carbon capture process that captures methane emissions and carbon dioxide emissions and converts it into a PHA-based biopolymer material called AirCarbon. This conversion uses a proprietary biocatalyst derived from microorganisms. The AirCarbon is purified from the reactor system in the form of a pellet that can be melted and formed into shapes. Unlike most plastics that are produced by connecting molecules together in a reactor, PHAs (polyhydroxyalkanoates) are synthesised by microorganisms and are biodegradable in soil, freshwater and seawater.
In 2016 Newlight and IKEA entered a supply, collaboration and technology agreement in which IKEA will purchase 50% of the AirCarbon material and IKEA has exclusive rights within the home furnishings industry to use Newlight’s carbon capture technology for its home furnishing products.
Chief Operations Officer
Co-Founder and Chief Technology Officer
Co-Founder and Chief Executive Officer
Steven Petersen, J.D.
General Counsel and Chief Intellecutal Property Officer
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- Cluster: Clean technologyA process, product or service which reduces negative impacts on the environment while offering competitive returns for investors and customers. Clean technologies provide solutions which reduce energy usage, use sustainable resources or protect the environment.
- CompanyA company, abbreviated 'co.', is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise.