New Iridium Awarded DOE EnergyWerx Vouchers to Advance Commercialization of Bio-Based Chemicals

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New Iridium has been awarded two prestigious EnergyWerx Vouchers by the U.S. Department of Energy to accelerate the commercialization of its bio-based acetic acid and ethyl acetate platform. These awards support the company’s mission to deliver sustainable, low-carbon alternatives to fossil-derived chemicals. Voucher Opportunity 1: Pre-Demonstration Commercialization Support Under VO-1: Case Studies for the Decarbonization of Technologies and Supply Chains (Office of Clean Energy Demonstrations - OCED), New Iridium will collaborate with Idaho National Laboratory to conduct strategic business development and in-depth market research. This initiative focuses on identifying early adopters and downstream market opportunities for bio-acetic acid and bio-ethyl acetate. Voucher Opportunity 2: Performance Validation, Modeling, and Certification Support As part of VO-2: Scale-Up Planning, Support, and Custom Process Toolbox Development for Emerging Chemical Technologies (OCED), New Iridium is partnering with ONB Engineering Research to perform detailed process modeling for a proposed 50,000 metric tons per year commercial-scale facility. The study will emphasize critical engineering challenges, including:

• Product purification and separation strategies

• Catalyst regeneration and optimization

• Heat recovery and energy integration

These projects represent key milestones in New Iridium’s commercialization roadmap and will inform both the technical design and market deployment strategy of its scalable, low-carbon production platform.