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Article: Velocys, Dow Chemical and Pacific Northwest National Laboratory Selected for Department of Energy Grant.
- Article from:
- Business Wire
- Article date:
- April 7, 2004
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Business Editors
COLUMBUS, Ohio--(BUSINESS WIRE)--April 7, 2004
The U.S. Department of Energy has selected the team of Velocys, Dow Chemical Company and Pacific Northwest National Laboratory to apply microchannel process technology to the production of ethylene and other olefins. The three-year, $3.2 million project will focus on the development of a high intensity oxidation process. The unique capabilities of microchannel technology permit controlled intensification of the oxidation process resulting in more efficient ethylene production and lower upfront capital costs.
Velocys' microchannel process technology is a revolutionary advancement ...