CRecTech
CRecTech is commercializing its Bio-methanol process for affordable and green production of bio-methanol as Sustainable Marine Fuel (SMF).
Company Details
- Location
- Singapore, Singapore
- Website
- https://www.crectech.net/
- kghaw@crectech.net
- Founded
- 2022
- Employees
- 1-3
- Funding
- USD $101k-$500k
Learn more
About CRecTech
The problem we're solving:
The maritime industry contributes to 2-3% of global CO2 emissions, and the transition to renewable fuels is vital to help achieve net zero carbon within the shipping and maritime sector. However, the lack of affordable and abundantly available renewable fuels (i.e., methanol) hampers the rapid decarbonization efforts on a global scale.
Our solution:
CRecTech developed a novel catalytic process that simplifies bio-methanol production and affords 50% less production cost, making renewable methanol fuel more affordable for end consumers.Our differentiator:
CRecTech employs biological and thermocatalytic routes to convert greenhouse gases methane and CO2 to methanol fuel in a simplified process. This is made possible by CRecTech's unique catalyst technology, which has intrinsic CO2 utilization capability, improves affordability and lowers the carbon footprint of the methanol production process.Our biggest achievement:
Received investments from NUS Enterprise and NUS Graduate Investment Private Limited (GIPL)
Awarded Startup SG Founder grant from EnterpriseSG
First Runner-Up title in the 2023 Singapore Smart Port Challenge, co-organized by PIER71 and MPA
Disclaimer:
Information for this page was sourced directly from the startups or found in publicly available databases. The data has been collected until the end of the programme's year (eg: A 2020 programme has data updated until December 2020) except for where explicitly said so. The data on co-founders is collected upon startup registration and is not further updated. Funds raised is comprised of direct investments (including crowdfunding), funds, and grants. Opinions, conclusions and views expressed in the startup page are solely personal to the author (startup), unless otherwise clearly stated.