Efficient, economical and environmentally friendly way to convert natural gas, biomass and fossil fuels into liquid fuels and chemicals. Drop-in automotive, marine and aircraft fuels (or chemicals and carbon materials) can be produced from biomass or fossil hydrocarbons for all-in costs of $35/barrel without CO2 emissions or water consumption.
Primary Application Area: Materials, Chemical
Technology Development Status: Proven Manufacturability
FIGURES OF MERIT
Value Proposition: H Quest Vanguard, Inc.’s mission is to commercialize and deploy the Wave Liquefaction™ process. While the long-term goal is to produce renewable, sustainable fuels from biomass feedstocks, at the current stage of development the technology is well positioned to take advantage of present low cost coal and natural gas feedstocks.
Every year, 900 million tons of coal is converted into electricity with efficiency of less than 35%, releasing 1.6 billion tons of CO2 into the air (in addition to numerous other pollutants). Progressively more stringent regulations on coal burning power plants contribute to the rise in capital cost and make coal power production less and less financially attractive. Demand for coal has been further reduced by dramatic increase in supply of natural gas – an alternative fuel with higher energy contents and lower emissions, which itself has reached and stayed at historically low prices. Widespread deployment of Wave Liquefaction™ would be propelled by availability of inexpensive coal and natural gas feedstocks, and have the long-term benefit of stabilizing the domestic coal industry while displacing environmentally harmful and inefficient coal use and further reducing American dependence on foreign oil.
Organization Type: Early-stage Startup (Seed)
Showcase Booth #: 20T
GOVT/EXTERNAL FUNDING SOURCES
Vetted Programs/Awards: TransTech 2014 Crowd Choice Award,
TransTech 2014 Spilman Thomas Battle In-Kind Award,
TransTech 2015 $10,000 Technical Assistance Award
SBIR/STTR Awards: Have not previously applied.
External Funding to Date: DARPA: $1.2M (2010-2011)
angel investment: ~$3M (2011-2015)