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Imtex Membranes Announces $20 Million in New Strategic Funding

Imtex Membranes Announces $20 Million in New Strategic Funding

Published on May 19, 2020

May 20, 2020 - Mississauga, Ontario Imtex Membranes Corp. has reached its target funding goal of $20 million with over $10 million from SABIC Ventures US Holdings LLC (“SABIC Ventures”) and Valent Low-Carbon Technologies, over $6 million from Sustainable Development Technologies Canada (SDTC) and $3 million from Emissions Reduction Alberta (ERA).

Imtex’s PermyleneTM membrane technology reduces energy and emissions intensity of light olefins, the main building blocks for resins and rubber chemicals. In the production process these olefins, namely ethylene, propylene and butene, must be separated from paraffins, being ethane, propane and butane. Traditional incumbent processes are energy-intensive, generating annual CO2e emissions equivalent to 40 million passenger vehicles.

“With over 10,000 hours of pilot operations demonstrating stable, on-spec results, Imtex has proven it can consistently achieve polymer-grade purification of olefins in a cost-effective, low- energy product offering. We now have the funding required to move forward on all fronts,” said Karlis Vasarais, CEO, Imtex Membranes.

SABIC Ventures’ parent company is a global leader in diversified chemicals with $40 billion in revenues and operations around the world.

In a short period, Imtex has shown significant progress on the SABIC project. We are excited about our investment to support an accelerated scale-up and roll-out of their technology,said Aruna Subramanian, Managing Director, SABIC Ventures.

The focus of the investment is to build out two commercial facilities in Alberta and Ontario processing C3 refinery grade propylene and C4 raffinate. In addition, funding proceeds will be used for several other global behind-the-fence projects (C2 and C4 olefin streams) in the United States, the Kingdom of Saudi Arabia, and South-East Asia.

Over 40% of energy in petrochemicals is associated with chemical separations. SDTC is proud that our early and ongoing support of Imtex is helping lead to a significant funding milestone and further progress toward commercialization,” said Leah Lawrence, President & CEO, SDTC.

“ERA is pleased to work with investment partners, such as SDTC, and entrepreneurs like Imtex, to leverage funds that accelerate new technologies to reduce emissions from petrochemical production. This unified approach demonstrates Alberta's and Canada's global leadership potential in low-carbon, hydrocarbon production." said Steve MacDonald, CEO, Emissions Reduction Alberta.

Since inception, Imtex has received funding in excess of $22 million, led by Monteco Ltd. The research that materialized into Imtex’s pilot facilities was supported by a series of Ontario and Canada Federal government investments. Most recently, Imtex has received funding from the Province of Ontario, through the OCE Voucher for Innovation and Productivity, GreenCentre Canada’s CONNECT Program supported by NRC-IRAP, and BioIndustrial Innovation Canada’s Ontario Bioindustrial Innovation Network (OBIN) which supports cluster development in Sarnia- Lambton and Eastern Ontario.

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Tagged as: Membrane technology, Permylene, Oil, Imtex, Cost efficiency, Game changing technologies, Membrane, Technology, Environmental sustainability, Imtex Membranes, clean tech, oil & gas, innovative technology, SDTC, government of canada, sabic, energyefficiency, energy efficiency, gas flaring

IMTEX announces strategic investment by SABIC Investment

IMTEX announces strategic investment by SABIC Investment

Published on November 26, 2019

Imtex Membranes Corp. is pleased to announce that it has received a strategic investment from SABIC Ventures. SABIC is a global leader in diversified chemicals with $40 billion in revenues and operations around the world.

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Tagged as: Petrochemicals, Membrane technology, light olefins, SDTC, sabic, energy efficiency, gas flaring

30th Ethylene Producers' Conference 2018

30th Ethylene Producers' Conference 2018

Imtex Membranes Corp., Mississauga, Ontario, Canada, is proud to announce its sponsorship of the 30th Ethylene Producers’ Conference that will be held April 22-26, 2018, at the Orlando Marriott World Center in Orlando, Florida. The conference will be held in conjunction with the 2018 American Institute of Chemical Engineers Spring Meeting and 14th Global Congress on Process Safety at the same location. The AIChE Spring Meeting is the year’s key technical conference for practicing chemical engineers. A wide range of subjects relevant to the current needs of industry is covered. Plus, the Global Congress on Process Safety covers the critical needs of process safety practitioners more broadly and deeply than any other conference.

We welcome you to visit the Imtex team throughout the conference at Exhibit Space #8 in the Sabal Room located on Level One of the Orlando Marriott World Center. Imtex business development personnel will be available to introduce you to Permylene™ membrane technology and discuss the benefits that Permylene could bring to your operations within the petrochemical industry. Permylene is a viable, highly modular and economically attractive alternative to traditional high cost, energy intensive processes for olefin/paraffin separation. Permylene is suitable for separating a wide range of C2, C3, and C4 olefin/paraffin mixed gases.

 

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Tagged as: EPC, Membrane technology, AIChE, Ethylene Producers Conference, AIChE Spring Meeting, Petrochemical conferences, Permylene, Imtex, Chemical engineers, Imtex Membranes, Global Congress on Process Safety

Permylene Membrane Technology for Olefin/Paraffin Separation

Permylene Membrane Technology for Olefin/Paraffin Separation

Published on May 18, 2017

Several articles have been released over recent years highlighting the emergence of new technologies and the impact they will have on the global petrochemicals industry. This latest article ‘Seven chemical separations to change the world’ does well to summarize the significant opportunity and challenges faced by the development of membrane technologies. While the size of the opportunity is driving interest and development, there are naturally several commercialization challenges that lie ahead.

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Tagged as: Membrane technology, Petrochemical, Permylene, Imtex, olefin purification, olefin-paraffin separation, gas separation membrane, Imtex Membranes, gas separation

Imtex Showcases Innovation at 2017 Ethylene Producers Conference

Imtex Showcases Innovation at 2017 Ethylene Producers Conference

Published on May 01, 2017 Source

Imtex Membranes Corp. put the spotlight on innovation with their participation at the 29th Ethylene Producers Conference (EPC), held in conjunction with the annual American Institute of Chemical Engineers (AIChE) Spring Meetings on March 26-30, in San Antonio, Texas.

The conference served as the epicentre for chemical engineer professionals to engage with a network of ethylene producers, suppliers and potential consumers in varying dialogues that featured white papers, keynote addresses, panel discussions and presentations on a wide range of topics from innovative manufacturing to emerging applications and technology.

As a sponsor at EPC, Imtex facilitated a discussion on innovative membrane technology and how it can be integrated to improve future business operations.

A highlight of the conference was a presentation in the AIChE technical session on Processes of Sustainability by Glenn Towe, the President and CEO of Imtex Membrane Corp, who provided insight into a more sustainable future for olefins production.

The presentation “Permylene™ Membrane Technology - The Cost Effective Alternative to Distillation for Olefin Purification and Extraction” addressed several key concerns to stakeholders and proposed solutions to lower energy consumption,reduce capital costs and mitigate environmental impacts.

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Tagged as: EPC, Membrane technology, AIChE, Ethylene Producers Conference, AIChE Spring Meeting, Petrochemical conferences, Permylene, Texas, Chemical engineers, San Antonio, Glenn Towe

29th Ethylene Producers' Conference 2017

29th Ethylene Producers' Conference 2017

Imtex Membranes Corp. is proud to announce its sponsorship and speaker presence at the American Institute of Chemical Engineers Spring Meeting and 13th Global Congress on Process Safety to be held March 26-30, 2017, at the Henry B. Gonzalez Convention Center in San Antonio, Texas.  The AIChE Spring Meeting is the year’s key technical conference for practicing chemical engineers. A wide range of subjects relevant to the current needs of industry is covered. Plus, the Global Congress on Process Safety covers the critical needs of process safety practitioners more broadly and deeply than any other conference.

Glenn Towe, Imtex's President and CEO, will be speaking on:

"Permylene™ Membrane Technology - The Cost Effective Alternative to Distillation for Olefin Purification and Extraction."

Tuesday, March 28, at 2:00 PM
Convention Center - Room 213A

We also welcome you to visit the Imtex team in the Hemisphere Ballroom/Prefunction Area, Exhibit Space # 13, in conjunction with the 29th Ethylene Producers Conference to engage in further discussion around Permylene and explore the benefits the technology could bring to your operations.

If you are attending this event and would like to arrange a one-on-one meeting with one of our executives to learn more about Permylene, its benefits and how it can be realized in your facilities, please complete the "Let's Connect" form.

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Tagged as: EPC, Membrane technology, AIChE, Ethylene Producers Conference, AIChE Spring Meeting, Petrochemical conferences, Houston, Texas, Chemical engineers

28th Ethylene Producers Conference 2016

28th Ethylene Producers Conference 2016

Imtex Membranes Corp.  is pleased to announce that it will be a sponsor at the 28th Ethylene Producers Conference (EPC).  The EPC will be conducted in conjunction with the American Institute of Chemical Engineers (AIChE) Spring Meeting and 12th Global Congress on Process Safety to be held April 10-14, 2016, at the Hilton Americas – Houston Hotel in Houston, Texas. 

The AIChE Spring Meeting is the year’s key technical conference for practicing chemical engineers.  Imtex will be exhibiting its revolutionary Permylene™ Membrane technology during the conference.  Permylene is a proprietary facilitated transport membrane technology developed by Imtex for separating olefins from paraffins in mixed streams.  

You are invited to visit us in the EPC Sponsors Area located in Ballrooms A and D on the 4th floor of the Hilton Americas - Houston Hotel during the conference.

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Tagged as: EPC, Membrane technology, AIChE, Ethylene Producers Conference, AIChE Spring Meeting, Petrochemical conferences, Houston, Texas, Chemical engineers

ASIAN DOWNSTREAM WEEK 2015 - VISIT US AT OUR BOOTH, A4

ASIAN DOWNSTREAM WEEK 2015 - VISIT US AT OUR BOOTH, A4

Published on October 28, 2015

We are proud to be sponsors and exhibitors at Asian Downstream Week.  

We hope you were able to join us for our presentation and would be pleased to welcome you at our booth, A4, to discuss Imtex's innovative Permylene technology further.  We look forward to meeting you.

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Tagged as: Asian Downstream Week 2015, Petrochemicals, Membrane technology, Permylene, Marina Bay Sands, ADW 2015, Singapore, olefin technology, Membrane

Join Imtex Innovative Membranes for These Upcoming Industry

Published on June 02, 2015

Imtex Innovative Membrane Technologies invites you to join us at the two upcoming industry conferences: 

We will be introducing Permylene™ with a presentation entitled “Olefin/Paraffin Separation using the Permylene™  Membrane System”, an advanced membrane separation technology providing a high performance, lower cost and the only commercially viable alternative to traditional distillation techniques for olefin purification and extraction.

For further technical information about Permylene please visit and download our whitepapers @ http://www.imtexmembranes.com/whitepapers

If you wish to set up a meeting with one of our representatives at one of these conferences please feel free to use our website contact form.

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Tagged as: Membrane technology, Abu Dhabi, Permylene, Dusseldorf, olefin technology, IRPC 2015, GPC 2015, olefin extraction