Earthcare Products seeks to raise £1.95 million in return for 50% of the shares in a new intellectual property company to be set up for the specific purpose of exploiting the commercial potential from the intellectual property that will be transferred from Earthcare to the new company. Earthcare holds patents which could achieve more than a 13% reduction in global warming, by introducing disruptive technologies to the global refrigerant market. Indeed, whilst the rest of the refrigeration industry has been focused on low pressure gases, Earthcare has developed high pressure alternatives resulting in more compact designs and higher efficiencies.

According to the company’s press release, it plans to license its patents to existing refrigerant manufacturers, alternative feedstock producers, blenders and distributors on a regional basis. Initial manufacture will be kept under control with different subcontractors achieving a 25% profit margin. After establishing sales in UK and European markets, talks may be held with majors such as Honeywell or DuPont for US or Australian sales. Although it is planned to control blending in the UK initially, as volumes grow it is intended to find local custom blenders who can blend and package for the local markets.