Capricorn Partners and FPIM-SFPI lead financing round at Qpinch

9th September 2021

Qpinch has attracted € 10 million of growth equity from FPIM-SFPI and Capricorn Partners. Qpinch solutions have been developed to massively cut the industry’s energy bill and reduce its CO2 output significantly. At Capricorn both the Capricorn Sustainable Chemistry Fund and Quest for Growth invested the Antwerp-based scale-up. The Port of Antwerp and a large group of existing shareholders pre-seeded the capital increase with € 4 million through a pre-closing finance.

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Chiyoda and Qpinch establish cooperation to roll out breakthrough energy efficiency technology in Japan | The Port of Antwerp's Transition Fund invests €1 M in Qpinch

25th June 2021

Chiyoda Corporation, a world-leading, fully integrated international Front End Engineering Design (FEED) and Engineering Procurement and Construction (EPC) Company in the Oil and Gas industry and Qpinch enter in cooperation to roll out the Qpinch Heat Transformer in Japan.

The breakthrough solution, already implemented in the Port of Antwerp’s petrochemical cluster, reduces the energy consumption and emissions in large industrial processes.

The €1 million investment of the Port of Antwerp’s Transition Fund further underlines the strategic role the new technology can play in reducing industrial emissions faster and with fewer expenses.

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Boortmalt orders engineering study for first Qpinch unit in its Antwerp plant

21st May 2021

Boortmalt, the world’s largest malting company, ordered an engineering study to implement the Qpinch energy efficiency technology in its largest malting facility in the port of Antwerp – also the largest malting plant in the world – with the intention of a global rollout thereafter.

Qpinch’s revolutionary and patented heat recovery technology converts process waste heat back into valuable heat of higher temperatures for reuse in the same process. Factories can thus achieve the same output with fewer energy costs and lower emissions.

The novel solution, developed with the help of Prof. Chris Stevens, head of the SynBioC department at Ghent University, uses a reversible chemical reaction, unlike most other industrial heat pump technologies. This overcomes the hurdles of recovering vast amounts of residual heat that could otherwise not be exploited.

The process is inspired by the energy system found in all living cells in humans, animals, and plants: the ATP-ADP cycle. (ATP and ADP refer to adenosine triphosphate and diphosphate, respectively.) By mimicking this process on a large, industrial scale and with inorganic chemistry, Qpinch raises the temperature of waste heat by 50 to 100+ °C.

Yvan Schaepman, CEO Boortmalt Group, said: said: “Reducing our scope one and two emissions with 42% by 2030 to align with the Paris agreement 1.5°C scenario is one of our primary targets. As the biggest malting company globally, we play a major role in the whole beer and distiller supply chain. For years we have been working hard to reduce our emissions, striving to become the most efficient maltster in the world. We are committed to continuing doing so. That’s why we always keep an eye out for novel solutions such as these.”

The engineering work for the first unit has started, resulting in an integration with Boortmalt’s malting plant by early 2023.

When operational, the unit will avoid up to 7,500 tonnes of CO2 emissions per year, the equivalent of almost 5,000 small passenger cars.

Gert Van Laer, Projects & Assets Care Manager Europe, said: “We encountered the Qpinch technology when it was still in full development back in 2017. We instantly saw the potential to make a quantum leap in energy efficiency and emissions reduction and started talking. We’re pioneering here, bringing this breakthrough to the next level together with Qpinch. If we can integrate this in many of our global assets, we realize another big leap in our sustainability efforts.”

“Technology development is not a goal on its own,” says Wouter Ducheyne, Qpinch’s CEO, CTO and co-founder. “We aim to help the industry reach net-zero emissions faster and reduce costs at the same time. With a market leader such as Boortmalt, we have the chance to further develop our technology for the whole food industry. We want to have an impact and help food & beverages to achieve their ambitious climate goals.”

Qpinch global winner of the Get in the Ring awards 2021

21st April 2021

Qpinch ended up as one of the four global winners in the biggest competition there is – the global Get in the Ring 2021.

Representing Belgium after winning Get in the Ring Antwerp on October 9, 2020, Qpinch made it to the finals to grab the win in the category Energy, out of 25,000 startups from over 100 countries.

Hiring! Project Managers, Process Engineers, Executive Assistant

29th January 2021

We’re rolling out the first units of our breakthrough energy efficiency solution for the industry and we need more hands to keep up with the work!

Check out our positions for Executive Assistant, Process Engineers and Project Managers in the jobs section.

Qpinch Overall Winner of the ICIS Innovation Awards 2020 – a most prestigious award in petrochemicals

16th November 2020

Our Heat Transformer, a radical climate innovation for the industry, has won the global #ICISInnovationAwards 2020 – one of the most prestigious prizes in the chemical industry. Apart from being the overall winner, Qpinch is also awarded the prize for the most innovative SME.

Our team wants to share this award with our first customers and pioneers Borealis, SABIC, and Kuraray. A few years ago, they accepted the challenge to invest in what was, then, an up-and-coming but still unproven technology. Thanks to them, we can show the world a new tool for large-scale and economic climate action. The first units will be operational in the first quarter of 2021, save thousands of tonnes of CO2 emissions per year and bring substantial cost savings.

‘Commenting on the overall winner Qpinch, Detlef Kratz, President of Process Research & Chemical Engineering at BASF said: “This technology can be multiplied across many applications and could be a breakthrough to help companies grasp the residual heat that all of our plants have. This could save endless amounts of energy.”‘

#ClimateAction #EnergyEfficiency #EnergyTransition

First Qpinch unit at Kuraray

29th December 2019

The year is ending well, with another company that is known for its innovations joining the ranks of the very first Qpinch customers. Kuraray, one of Japan’s leading chemical companies, will integrate our technology for the first time into one of its plants.

Kuraray’s Energy Coordinator said he’s “excited to be among the very first companies in the world to implement Qpinch”.

Our technological breakthrough allows Kuraray to realize a sizeable reduction of CO2 emissions while also lowering its energy bill considerably. Once fully proven, the technology will help Kuraray to deliver on its environmental commitments.

The Qpinch Heat Transformer converts waste heat from the production process into new process heat–steam in this case. This increase in energy efficiency reduces the overall gas consumption needed to drive the process by up to 50%.

This first 1.5 MW unit is slated to be fully operational in the second half of 2020. It will save 3 300 tonnes of CO2 per year – the equivalent of over 2 000 passenger cars.

Stay tuned to hear more about our mission to help the industry reach net-zero emissions faster.

Qpinch Finalist in the 2019 Adipec Awards

8th October 2019

We’re among the last four nominees at the Adipec Awards 2019 in the category Breakthrough Research of the Year, out of over 600 entries. We entered our radical innovation in heat pump technology and its first implementations are going online in the Port of Antwerp next year. With over 140,000 visitors, Adipec is one of the largest petrochemical events.
If you’re among the 100,000+ visitors at this year’s event, feel free to join the session on Increasing effectiveness through energy efficiency management on Thursday 14 November 2019. Qpinch’s Erik Verdeyen will be presenting those and other implementations from petrochemical companies SABIC and Borealis.

Qpinch in the top 100 solutions to deliver 3 giga tonnes of avoided emissions

18th June 2019

Qpinch is among 100 solution providers with the potential to deliver close to three gigatonnes of avoided emissions by 2030. The 100 were presented by the 1.5C Compatible Solutions Framework at Mission Innovation‘s Ministerial meeting in Vancouver in May 2019. The solutions are there – let’s roll out!

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Borealis announces collaboration with start-up Qpinch to scale up revolutionary heat recovery technology

24th October 2018

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers announces its collaboration with Qpinch, a start-up that has developed a revolutionary technology to recover industrial waste heat, using an innovative chemical process. The start-up attracted intense industry attention after winning the 2015 “Emerging Technology” award in the annual competition sponsored by the Royal Society of Chemistry in the UK. Borealis and Qpinch have agreed to scale up this technology – which was patented in cooperation with Ghent University (Prof. Christian Stevens), Belgium – to full commercial size.

Qpinch is speaking at Middle Eastern Refinery Conference

17th October 2018

On 21-23 January 2019, Qpinch will present its radical innovation in energy efficiency and CO2 reduction at the Middle Eastern Refinery Conference (MRTC) in Bahrain. With the Qpinch Heat Transformer, oil- & chemical companies have a powerful tool to turn waste heat into new process heat and save millions of Euros per plant as well as large amounts of CO2 emissions. Visit us at the MRTC in Bahrein.

Qpinch Awarded the Efficient Solution Label by the Solar Impulse Foundation

6th June 2018

Qpinch technology is recognized with the Efficient Solution Label by the Solar Impulse Foundation. The World Alliance for Efficient Solutions, founded under the auspices of the Solar Impulse Foundation, federates start-ups, companies, institutions, NGOs, and investors to create synergies, share knowledge and build relationships that ultimately speed-up the implementation of clean and profitable solutions. Currently, 52 technologies are identified. The ambition of Bertrand Piccard is to identify 1000 solutions.

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Qpinch Technology Listed on the Limitative Technology Subsidy List of Vlaio (Flanders, B).

7th July 2017

VITO recognized Qpinch as the best available technology to produce industrial heat from waste heat and accredited the technology with the highest ecology number of 9, consequently listing the Qpinch technology on the Limitative Technology list of Vlaio. This list contains a selective number of technologies, supported by the Flemish government to help the industry achieve its sustainability objectives.

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Qpinch Awarded Third Place at the International IQ-CHem Petrochemical Start-up contest (Moscow, Russia)

10th June 2017

The contest themes covered various areas within the petrochemicals industry, including “Cutting-edge equipment and technological solutions to increase operational efficiency in chemical-technological processes”. In total, 251 teams from 27 countries took part in the international IQ-CHEM contest.

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Qpinch obtains second Place at the Port of Antwerp Sustainability Award

16th November 2016

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Finalist Essenscia Innovation Award 2016

2nd October 2016

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Qpinch and the University of Ghent, won the renowned Emerging Technology Award

23rd October 2015

This in the category sustainability at the Royal Society of Chemisty, London UK.

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