Company Profile

OcoChem Inc (AKA: Ocochem)
Profile last edited on: 1/4/2023      CAGE: 85Q94      UEI: FKJCGC6YZ5N3

Business Identifier: Converting captured CO2 into formates, formic acid and their derivatives
Year Founded
2017
First Award
2020
Latest Award
2021
Program Status
Active
Popularity Index
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Location Information

350 Hills Street
Richland, WA 99354
   (425) 445-8358
   N/A
   www.ocochem.com
Location: Single
Congr. District: 04
County: Lane

Public Profile

Formerly dba Oco Inc., OCOchem is developing and scaling patented and proprietary technology that electrochemically uses carbon dioxide to store energy in the chemical bonds of formates and formic acid. The primary objective of the firm's management is to tackle and achieve convertion of CO2 into a “green” platform organic molecule. The effort is to accomplish that objective using just electricity and water, and to do so at a progressively lower and lower cost than the fossil-fueled pathway for making the “grey” version of that molecule. Effective implemtation would have the effect of invertingthe current economic incentives to extract, combust and release the carbon embodied in the buried ancient solar fuels now known as fossil fuels.

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
1-4
Revenue Range
Less than .5M
VC funded?
No
Public/Private
Privately Held
Stock Info
----
IP Holdings
N/A

Awards Distribution by Agency

Most Recent SBIR Projects

Year Phase Agency Total Amount
2021 2 DOE $493,868
Project Title: High Aspect Ratio CO2 Reduction Electrolyzer Via Novel Gas Diffusion Electrode - Design
2021 2 Army $679,977
Project Title: On-site Electro-synthesis of Potassium Formate from Recycled CO2

Key People / Management

  Todd Brix -- CEO and Co-Founder

  Arun Agarwal -- VP of Engineering and Co-Founder

  A.T. (Terry) Brix -- Chairman, Chief Strategy Advisor andA.T.