Inventys Closes Financing from Chevron Technology Ventures, Mitsui, Roda Group, & Chrysalix

Funding to advance Company’s breakthrough carbon capture technology which enables economical EOR and CCS

VANCOUVER, British Columbia, (Marketwired)—July 30, 2014—Inventys Thermal Technologies, a proven team of gas separation pioneers commercializing the lowest cost, most energy-efficient technology for capturing post-combustion carbon dioxide (CO₂ ) from industrial flue gas streams, today announced it has closed additional financing.

Building on continued funding support from international venture capital firm, Mitsui Global Investment (MGI), and leading cleantech investor, The Roda Group, the financing also included new participation from Chevron Technology Ventures LLC (CTV), the Venture Capital arm of Chevron Corporation, and Chrysalix Energy Venture Capital, one of the longest serving cleantech venture capital firms.

The funding will be used to expand manufacturing and enable the deployment of full-scale systems with leading energy and manufacturing companies in late 2016.

Inventys’ breakthrough gas separation system, VeloxoTherm™, is based on a proprietary low-pressure Temperature Swing Adsorption (TSA) technology resulting in a carbon capture cost of USD $15 per tonne—one third the cost of today’s post-combustion solutions. At a fraction of the size of other systems, the flexibility to integrate into new and existing combustion and chemical processes, and the unique ability to regenerate the CO₂ -saturated adsorbent using minimal energy, Inventys’ practical approach enables the widespread adoption of CO₂ -enhanced oil recovery (EOR) and carbon capture and sequestration (CCS) while helping customers reduce their environmental footprint.

“The appetite for low-cost CO₂  capture is rising as large oil and gas corporations increasingly make it a significant strategic priority,” said Jean-Michel Gires, Venture Partner with Chrysalix EVC and former President & CEO of Total E&P Canada. “Inventys’ capital efficiency and capacity to work with a variety of CO₂ sources, concentrations, and volumes will make EOR and carbon sequestration economically appealing.”

This financing comes on the heels of the Company’s successful in-house, full system pilot incorporating real flue gas and industrial hardware from Howden, and the announcement that former U.S. Energy Secretary, Dr. Steven Chu, has joined the Inventys Board of Directors.

“We believe we have developed the most viable carbon capture technology to leverage the abundance of man-made waste CO₂ for the production of a valuable product—oil—while also sequestering CO2 from large carbon emitters,” said Andre Boulet, CEO of Inventys. “We’re thankful for the support of these investors—old and new—and will continue to deliver on key milestones including the deployment of a first-of-its-kind commercial system in 2016.”

“The Roda Group is a long-time supporter of Inventys recognizing early on its potential to fundamentally change the way we produce energy,” confirmed Dan Miller, Managing Director of The Roda Group. “We invest in passionate, proven teams that stand to deliver products with enormous market opportunity and make a positive impact on the world. The Inventys team is just that and together, we have the ability to advance the EOR market while curbing the planet’s greenhouse gas emissions.”To learn more about Inventys and its VeloxoTherm™ carbon capture system, please visit

About Inventys Thermal Technologies

Inventys is a proven team of gas separation pioneers commercializing the lowest cost, most energy efficient technology for capturing post-combustion carbon dioxide (CO₂ ) from industrial flue gas streams. The Company’s proprietary VeloxoTherm™ process is less than one third the cost of today’s post-combustion solutions, is a fraction of the size of other systems, and works with a variety of CO₂  sources, concentrations, and volumes. Inventys’ practical, capital-efficient approach means for the first time, energy and manufacturing companies can affordably reduce carbon emissions and man-made CO₂  can be economically utilized to produce valuable oil, finally enabling the widespread adoption of carbon capture and sequestration (CCS) and enhanced oil recovery (EOR). For more information on Inventys, please visit

The Roda Group Announces Two New Cleantech Investments

BERKELEY, Calif., (BUSINESS WIRE)—June 5, 2012—The Roda Group, the largest investor in the renewable oils company Solazyme (NASDAQ:SZYM) and a venture capital group focusing on large-scale and lucrative business opportunities that address the issues of climate change, increasing demand for low carbon energy, and stress on the Earth’s natural resources, announced that it has invested in two new companies in the cleantech space.

mOasis has created a soil amendment product that increases crop yields while simultaneously reducing the need for fertilizer, water and water-related energy use. The product is a new type of hydrogel, a polymer known for its ability to absorb massive quantities of water. The mOasis product is able to enhance the amount of moisture and nutrients available to a plant’s root zone and significantly reduce water stress between rain or irrigation cycles. The company is led by Susanna Kass, CEO and Dr. Nai Hong Li, Co-Founder and CTO. mOasis is currently conducting field trials, managed by prominent agriculture scientists, that have already produced promising results.

Inventys has developed an energy and capital-efficient technology for capturing carbon dioxide from industrial sources. The company’s proprietary process is less than one-third the cost of existing industrial CO2 capture technologies and will enable the widespread adoption of carbon capture and sequestration. The company is led by CEO Andre Boulet and fellow co-founders Brett Henkel, Soheil Khiavi and Darryl Wolanski. Inventys is building an in-house pilot unit capable of capturing multiple tons of CO2 per day from a natural gas power generator by late 2012 and will be deploying field units with major industry partners in 2013.

Roger Strauch, Chairman of The Roda Group, said, “As was the case with Solazyme, The Roda Group is enthusiastic and proud to invest in talented and passionate people who look forward to developing and selling products that address enormous market opportunities while helping the world build a more sustainable and healthy environment and food supply. We believe that mOasis and Inventys will fundamentally advance the way we grow food and produce energy, respectively.”