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“CERLOS” is amazing: 1) Superior performance (fire-resistance); 2) Carbon sequestration (carbon in the fiber input is permanently sequestered) , and 3) Inexpensive production.
About
A ClimateTech & material breakthrough
MOXY has made a ClimateTech breakthrough – MOXY is the first to utilize natural mineralization to produce a new building material. By utilizing mineralization, MOXY’s new material “CERLOS” has amazing attributes: 1) Superior performance (fire-resistance); 2) Carbon sequestration (carbon in the fiber input is permanently sequestered) , and 3) Inexpensive production.
Making a better, cleaner, less-expensive building material is a sizable market opportunity. The sector is $1.3 trillion. We have started licensing talks with three of the largest building material companies (total revenues of $24bn) and are already being paid. Our target is 10% of the market. After licensing, we plan to build our own manufacturing. The largest distributor (AIFP) has already agreed to buy everything we produce.
Key Benefits
Mineralization offers many benefits
There have been many teams globally that have tried to replicate natural mineralization in manufacturing but MOXY, who has hired some of the top scientists in this field, has solved the challenge and has written 5 patents. This novel manufacturing process enables three benefits:
1) Superior performance: CERLOS is mineralized and as such does not burn, will not mold, does not attract insects, and is not toxic like other materials. Overall, CERLOS should save thousands of lives a year and make homes safe again.
2) Carbon sequestration: the carbon in the fiber input is permanently sequestered during mineralization which results in CO2-free manufacturing. As customers switch from more polluting products, the CO2 impact is large (10% market share results in reduction of 200 Megatons of CO2). Building materials represent 23% of all CO2 emissions.
3) Inexpensive production: The mineralization process uses scrap fiber as an input and the natural reaction does not require the power-intensive machinery. The result is very low-priced manufacturing that translates into low expenses and higher profit margins.
Applications
MOXY can attack every building material
Our new material can replace siding, roofing, and panels (OSB, plywood, drywall...) - a $450bn global market. This market is ripe for disruption. Building materials contribute to 22% of all CO2 emissions and the sector is full of products that are expensive, low quality and unhealthy (e.g. fiber cement is carcinogenic).
Three of the largest building material companies (each over $8+ billion in sales) are all talking to us to either license or build out a joint facility. The plan is that our partner would provide the capex and we would provide the IP. For context, each partner would need at least one manufacturing facility ($120m annual revenue) before expanding.
A new approach sequester carbon. MOXY represents a new kind of carbon reduction strategy – a high margin, for-profit company that sequesters carbon in its manufacturing process. MOXY’s profits will fuel continued expansion, so an investment in MOXY will have a large continual impact to reduce CO2.
CO2 impact is over 20x better than buying carbon credits. If an investor had $40m, two ways to reduce CO2:
1) $40m would buy carbon credits reduces 50,000 tons of CO2 one time (at $800/ton, avg. DAC price).
2) $40m would finance one MOXY facility. The output should sequester 58,000 tons of CO2 every year and replace 232,000 tons of CO2 every year.