Shanghai Advanced Research Institute, Chinese Academy of Sciences and Global Acceleration Partners Launch
World's First Cross-border Commercialization Platform for CO2 Solutions
Vancouver - The Shanghai Advanced Research Institute, Chinese Academy of Sciences has teamed up with a Canadian-owned investment company to identify and market technologies that will turn carbon pollution into a range of valuable products.
Nick Parker, founding managing partner of Global Acceleration Partners ("GAP"), a majority Canadian-owned and operated investment company, will be speaking at the GLOBE Leadership Summit and Innovation Expo. The company has forged a new partnership with the Shanghai Advanced Research Institute ("SARI"),Chinese Academy of Sciences.
The purpose of the GAP-SARI partnership, the Institute for Clean Technology ("ICT"), is to commercialize energy and environment solutions related to lowering CO2 emissions and/or converting CO2 into a productive feedstock, enabling the protection and sustainable use of natural resources in China and elsewhere.
Such technology solutions will be sourced from SARI as well as from global partners and will be commercialized principally via spin-off companies. Local spin-offs will be funded by ICT-Initiatives ("ICT-I"), an investment company co-managed by GAP.
ICT is unique because of its focus on "CO2 as a solution" and "low-carbon or no-carbon routes to mitigating CO2 emissions" and its integrated platform of services to develop, pilot and deploy "carbon-capture, conversion and storage" and "carbon conversion with high efficiency and low emission" and technologies through related incubation and investment vehicles involving Chinese and global corporations, start-ups, research organizations and financial partners.
SARI has a track record of commercializing technology much faster and more affordably than is generally possible outside China, while rigorously protecting and enhancing intellectual property.
SARI works with many major state-owned enterprises in China, such asShenhua and Lu'an Group, and multinational companies, including Shell, BP, Totaland BASFon energy and chemical technology development, part of whom will be ICT partners and/or ICT-I investors. Both entities will be strongly supported by the Shanghai Municipal Government.
Says Dr Yuhan Sun, SARI Vice-President "China will be a major user of coal and other fossil fuels for many years to come and, at the same time, our leadership pledged in Paris to reduce CO2 emissions. It is vital we find ways to increase carbon efficiency while finding ways to put waste CO2 to productive use, such as in making bio-fertilizer from algae. To source the world's best technology, we're delighted to partner with GAP whose principals have both a long history in China and unique access to global cleantech entrepreneurs, including those from Canada."
Kenneth Strong, GAP co-founder and managing partner, observes: "We're honoring and building off the groundwork laid by my late father, Maurice Strong, who worked with China on sustainable development and technology cooperation for over forty years. My partner, Nicholas Parker, coined the term "cleantech" in 2002 and has among the best relationships in the world with cleantech innovators and investors. Combining our long history in China and sustainable energy with Nick and SARI's capabilities creates the opportunity to achieve positive impact at scale in the world's most important cleantech market."
"This global technology acceleration partnership is groundbreaking for China and Canada," said Chris Henderson, Chair of GLOBE Series. "The GAP Acceleration Partners-SARI collaboration seeks to turn the climate challenge on its head by considering carbon pollution as a valuable commodity in a diverse array of industries. ICT represents fresh, innovative thinking."
Global Acceleration Partners Inc. ("GAP") is a business and financial services company formed in 2014 to source, create, invest in and commercialize cross-border opportunities between Chinese partners and international cleantech companies. GAP's leadership team combines decades of pioneering and successful cleantech investment and entrepreneurial experience in China, Asia, Europe and North America. GAP is based in Toronto and Geneva with a representative office in Beijing
The Chinese Academy of Sciences and the Shanghai Municipal Government jointly established the Shanghai Advanced Research Institute ("SARI)" in 2009 to conduct research and foster collaboration between academia and industry. SARI aims to develop effective solutions to science and technology problems, including those related to energy and the environment, thus meeting national needs and propelling regional development.