UP Catalyst, Far Eastern New Century Corporation and Oxylus Energy have been recognised with the ‘Best CO2 Utilisation 2025’ innovation award. They received this award for their technologies that convert CO2 emissions into valuable materials.
Key Takeaways
- UP Catalyst, Far Eastern New Century Corporation, and Oxylus Energy won the ‘Best CO2 Utilisation 2025’ innovation award for their CO2 conversion technologies.
- The award ceremony took place at the CO2-based Fuels and Chemicals Conference 2025, attended by 230 participants and featuring 45 speakers.
- The winning technologies include battery graphite from CO2, non-isocyanate polyurethanes (NIPU), and CO2-negative methanol production.
- UP Catalyst’s technology, MSCC-EC, converts CO2 into carbon materials at lower temperatures than traditional methods.
- FENC developed the world’s first non-isocyanate polyurethane, while Oxylus Energy produces sustainable methanol using renewable energy.
The innovation award ceremony took place during the CO2-based Fuels and Chemicals Conference 2025 in Cologne and online. The conference is considered a forum for carbon capture and utilisation (CCU) and power-to-X. It was attended by 230 participants. The conference also featured 45 speakers from around the world.
Innovation award for advanced technologies
According to the nova-Institut, six finalists presented their CCU technologies to an international audience of experts. The three winners were selected in a live vote. The award-winning solutions include CO2-based battery graphite, non-isocyanate polyurethanes (NIPU) and the production of CO2-negative methanol. These developments represent important steps towards reducing dependence on fossil fuels.
The ‘Best CO2 Utilisation 2025’ innovation award was presented to the Estonian company UP Catalyst. The award honours the development of battery graphite obtained from CO2 emissions. UP Catalyst uses a technology known as Molten Salt CO2 Capture and Electrochemical Conversion (MSCC-EC). This enables CO2 to be converted into long-lasting carbon materials at significantly lower temperatures than conventional processes.
Far Eastern New Century Corporation took second place for its FENC Topgreen CO2-based NIPU technology. This company has developed the world’s first non-isocyanate polyurethane produced by CO2 conversion. This technology is used for various applications and offers an alternative to conventional materials that are hazardous to health.
The US company Oxylus Energy received third prize for its electrochemical method of producing green methanol. The methanol-producing electrolyser converts CO2 emissions into sustainable methanol using renewable energies. This technology enables not only CO2-neutral but also CO2-negative methanol production and stands for a solution for decarbonising various industries.
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