Shanghai base for Econic

UK renewable carbon firm Econic Technologies, has opened its new Chinese entity, Econic (Shanghai) Technology, at CM Venture Capital’s platform hub in the Yangpu district of Shanghai. This is the third location after the original one in Alderley Park and a pilot facility in Runcorn.

The company said it is expanding its operations to China “in line with its ambition to become a global supplier of a patented process and unique catalyst that allows materials and chemicals manufacturers to replace fossil-based feedstocks with captured carbon”. Its technology is said to enable polyol and surfactant producers to significantly reduce their carbon footprint.