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Metalysis named as Global Cleantech 100 innovator
Article Type: Environment and safety From: Anti-Corrosion Methods and Materials, Volume 57, Issue 1
Metalysis, the UK-based technology innovator for the speciality metals industry, has been named as one of the world's hundred most promising private clean technology companies in the Global Cleantech 100.
Some 3,500 companies were considered before the world's top 100 were selected as having the potential and likelihood to achieve high growth and high market impact. Metalysis is one of only 13 firms in the Global Cleantech 100 that are based in the UK and one of very few in the list that is operating in the materials sector.
All companies in the Global Cleantech 100 were identified for being at the forefront of clean technology innovation and offering solutions to some of the world's most pressing environmental problems. Metalysis was selected for its innovative FFC process for producing metals such as titanium, one of the world's most vital metals used in a wide range of high-end technologies.
“Titanium has been refined in the same, highly inefficient, slow and chemically hazardous way for more than 70 years,” states the Global Cleantech report. “It's against this background that Metalysis has been formed to exploit a new electrochemical reduction technique invented at the University of Cambridge. At commercial production levels, this presents the realistic prospect of dramatically reduced costs and improved environmental impacts through the use of sustainable and recyclable materials, such as road salt, and less power and waste.”
The Global Cleantech 100 represents the collective opinion of hundreds of leading experts drawn from venture capital companies and cleantech innovations in Europe, North America, Asia, the Middle East and Africa, together with expert panel input from 35 of the world's most well-respected consulting and high-growth companies. Among these were Deloitte, Google, Kleiner Perkins Caulfield and Partners, New York Stock Exchange and Tsing Capital.
“The first ever Global Cleantech 100 shines a spotlight on which companies and which technology areas the global innovation community is currently most excited about, from a commercial standpoint,” said Richard Youngman, Managing Partner at Cleantech Group, which compiled the list. “Their innovations and the business acumen of their leaders and investors mean that they are likely to have high impact on our future. The Global Cleantech 100 companies, and many other worthy peer companies, stand to enable environmental sustainability and generate economic growth.”
Mark Bertolini, Chief Executive of Metalysis said: “With thousands of companies considered for the Global Cleantech list, it is a tremendous achievement for Metalysis to be recognised by leaders from the VC and clean technology community as one of the world's top 100.
We understand that the panel was looking for companies with very promising clean technologies, operating in global markets and where they had already shown enough faith to invest in scale-up. Having proven the technology at development scale, we are now discussing with a number of potential partners how best to accelerate the scale-up of this technology. This award is a great reflection of the progress our team has made and recognises the support and contribution from our investors who have consistently provided funding, most recently in a £5.1 million investment in May this year.”
The list of 100 firms is available at: www.cleantech.com/news/awards/globalcleantech100