SYNIAD’s Anodyne’s EZ-Methanol Project Receives Funding Approval From The B.C. Centre For Innovation And Clean Energy (CICE)

Vancouver, June 8^th, 2023– Anodyne Chemistries, a Syniad Innovations venture, is delighted to announce its EZ-Methanol project has been awarded grant funding from the B.C. Centre for Innovation and Clean Energy (CICE).

EZ-Methanol is the company’s low-carbon methanol, produced sustainably and without polluting emissions. Anodyne’s innovative bio-electric process uses engineered enzymes and electricity to produce chemicals from carbon dioxide and is based on breakthroughs in synthetic biology and electrochemistry.

“We are thrilled to receive funding approval to accelerate our EZ-Methanol project,” said Dr. Iain Evans, CEO of Anodyne. “Working with nature, rather than against it, we’ve invented technology that mimics photosynthesis to utilize as much CO₂ as possible. Using only renewable resources, we take the best nature has to offer and apply it in a bigger, faster, and more efficient way to produce impurity-free alcohols, leaving only oxygen and water as by-products. Our goal is to scale our technology and apply our approach to decarbonize chemical production, transforming current production practices into carbon-negative standards.”

Anodyne’s bio-electric process has the potential to decarbonize the chemicals sector by producing sustainable products from carbon emissions. By leveraging enzymatic pathways, Anodyne aims to substantially impact decarbonization efforts, not only in British Columbia but also on a global scale.

“Anodyne’s unique bio-electrical process presents a highly innovative way to produce organic chemicals from carbon dioxide that will make e-fuels cheaper, lower energy input requirements, and transform CO₂ waste into new revenue streams. This made-in-B.C. technology has incredible potential to scale and synthesize needed industrial chemicals in Canada and around the world. CICE is excited to fund this project and advance the company towards this objective.” – Ged Mclean, Executive Director of the B.C. Centre for Innovation and Clean Energy

Anodyne extends its gratitude to the B.C. Centre for Innovation and Clean Energy for their confidence in the company’s vision and commitment to driving positive change. With this funding, Anodyne is determined to advance its ground-breaking EZ-Methanol and pave the way for a more sustainable future.

For media inquiries and further information, please contact:

Iain Evans

iain.evans@anodynechemistries.com

About B.C. Centre for Innovation and Clean Energy (CICE):

The British Columbia Centre for Innovation and Clean Energy (CICE) is an independent, not-for-profit corporation that helps fund the development, commercialization and scaling of made-in-B.C. clean energy technologies and solutions – from Canada to the world. For more information, please visit https://cice.ca

About Anodyne Chemistries Ltd.

Anodyne is an industrial biotechnology company decarbonizing the chemical industry by harnessing the catalytic potential of enzymes. Anodyne’s enzymatic platform is created through a pioneering approach that combines the evolutionary advantages of biology with the efficiencies of electrochemistry, enabling fossil-free manufacturing. For more information, please visit https://anodynechemistries.com/