Skyonic Corporation Awards $117M Construction Contract to Toyo-Thai-USA

AUSTIN, Texas, July 10, 2013 /PRNewswire/ -- Skyonic Corporation today announced that it has awarded the $117M construction contract for the Capitol SkyMine plant in San Antonio, Texas, to Toyo-Thai-USA Corporation (TTUS). Toyo-Thai Corporation Public Company Limited (TTCL) is providing engineering, procurement and construction (EPC) services to the project. Toyo-Thai has also invested $1M in Skyonic to support the project.

"This is our first entry into North America as a full EPC provider and we are looking forward to the experience," said Hironobu Iriya, President & CEO of TTCL. "Building Capitol SkyMine® plant, the first commercial scale carbon capture and utilization plant in the US, will have global implications and our experience in the energy market makes us an ideal partner for this project."

An internationally acclaimed, globally oriented turnkey EPC contractor, Toyo-Thai Corporation Public Company Limited provides design & engineering, equipment & materials procurement, and construction (integrated EPC) services for turnkey projects, primarily to the power, petrochemical, chemical, and petroleum industries.

"When we looked at EPC partners for the nation's first commercial scale carbon capture and utilization plant, Toyo-Thai's engineering experience really stood out to us," said Joe Jones, founder and CEO of Skyonic. "The company's construction and engineer expertise will be critical as we bring SkyMine® to the commercialization stage with the help of our partners and investors."

Skyonic's electrolytic carbon capture technology, SkyMine®, will selectively capture CO₂, acid gases and heavy metals from the flue gas of the Capitol Aggregates Cement Plant, where the Capitol SkyMine facility will be retrofitted. The captured pollutants will be mineralized into solid products, including sodium bicarbonate, which are stored, transported and sold as safe, stable solids. Process byproducts include hydrochloric acid and bleach, which can also be sold into the market. By producing valuable products using low-cost chemical inputs and operating at energy-efficient conditions, SkyMine® captures CO₂ at a substantially lower cost than other carbon capture technologies, allowing industrial emitters to turn a profit from reduced emissions.

About Toyo-Thai Corporation

Thailand-based Toyo-Thai Corporation Public Company Limited (TTCL) was incorporated in 1985 through a joint venture of Italian-Thai Development Public Company Limited, one of Thailand's biggest contractors, and Toyo Engineering Corporation, a leading international engineering company based in Japan. As an integrated contractor, TTCL specializes in design and engineering, procurement of equipment and materials, and construction (integrated EPC) services for turnkey projects, mainly to the power, petrochemical, chemical, fertilizer and petroleum industries.  A leading domestic and international engineering service provider for 28 years, TTCL has successfully undertaken more than 215 projects in the area of process plants and facilities and has earned a solid reputation for quality, safety, and on-time delivery. TTCL is committed to providing economically and environmentally sound engineering for its clients and the communities in which it operates.  Since 1997, TTCL has expanded its international operations, building plants in the U.S.A., China, Vietnam, the Philippines, Qatar, Timor and elsewhere.    TTCL has set up subsidiaries in Vietnam, Malaysia, the U.S.A., and Myanmar in order to meet the growing international demand for its specialized services in the area of process plant design and construction. For more information go to www.toyo-thai.com

About Skyonic Corporation

Skyonic Corporation builds new and retrofittable industrial plants that produce carbon-negative chemical products at the lowest cost, while mineralizing industrial CO₂ emissions and scrubbing SOx, NOx and mercury. The company's technologies are designed to economically extract and mineralize carbon dioxide from industrial flue gas into products, such as baking soda, hydrochloric acid and limestone, at a commercial scale. These carbon chemistry processes have a two-fold effect, not only driving profit through the sale of products, but also helping to mitigate the effects of industrial pollution and close the carbon cycle. The company is building the nation's first commercial‐scale carbon capture and utilization facility at Capitol Aggregates, Inc. with support from ConocoPhillips, BP, Northwater Capital and PVS Chemicals. Skyonic was founded in 2005 by inventor and CEO, Joe Jones and is located in Austin, TX. For more about how Skyonic produces solid returns from clean air, visit http://www.skyonic.com

SOURCE Skyonic Corporation