RenewCO2 announced Peter Shepard has joined the company as Chief Operating Officer to help commercialize RenewCO2’s technology for developing carbon-negative plastic.
“We are excited to have Peter join us full time,” said Anders Laursen, CEO and co-founder of RenewCO2, “Peter has been so much more than an advisor. He’s been a key part of our early success and brings a wealth of global operating experience in the chemicals industry, with a proven track record of commercializing novel technology and growing global businesses.”
Shepard is a longtime chemical sector executive and was most recently President of Aramco Performance Materials after Saudi Aramco acquired specialty chemicals startup Novomer. He served as Chief Business Officer for Novomer, leading the launch of the CO2 Polymer business.
Also Read: 3D-Micromac Receives Order for Multiple Laser Lift-Off Systems for microLED Device Manufacturing
Peter previously served as President & CEO of Nylon Corporation of America, a privately held specialty chemicals manufacturer, after spending over a decade at Cabot Corporation in management, sales, technical and operations roles. Peter also held the position of Vice President and General Manager at Cabot, where he led the commercialization of Cabot’s global Inkjet pigment business. He holds an MBA from Babson and a BS in Chemical Engineering from Rensselaer Polytechnic Institute. Shepard is located in Boston and had been advising RenewCO2 before joining.
“Partnering with founders to solve major problems in climate is a challenge worth going after. The chemicals industry has a huge opportunity in decarbonization globally,” said Peter Shepard, COO of RenewCO2. “I’m looking forward to helping to commercialize the eCUT process and grow this business with the founders.”
RenewCO2 recently secured an investment round from Energy Transition Ventures. Most recently Anders and Karin Calvinho were named as Breakthrough Energy Network fellows and will continue to research and develop the eCUT system for the conversion of CO2 to chemical products to address decarbonization in the plastics, energy, and chemicals sectors. The eCUT process and electrolyzer systems allows customers to directly convert CO2 to monoethylene glycol (MEG), a widely used building block for plastics and chemicals currently made from fossil fuels.