Cytech

Name

Cytech

Legal name

주식회사 씨이텍 (CE-TEK Co., Ltd.)

Website

https://ce-tek.co.kr

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Industrial CO2 Capture Chemicals

NAICS

Other Basic Organic Chemical Manufacturing (32519), Chemical Manufacturing (325)

SIC

Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800)

akta.pro primary industry

Capture Solvents, Sorbents & Catalysts Supply (Formulation, Manufacturing, Reclamation) (EUABAGAJ)

akta.pro secondary industries

Post-combustion Capture Systems (Solvent-based Amine & Advanced Solvents) (EUABAGAA), Gas Treating Chemicals & Consumables (Amines, Glycols, Adsorbents, Catalysts) (EUAAABAG)

Keywords

• Carbon capture solvents
• CO2 capture systems
• Amine absorbents
• CCUS technology
• Industrial decarbonization

Headquarters

HQ city

Seongnam

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Proprietary CO₂ Absorbent Sales: Sale of MABSol® and CT-1® CO₂ capture absorbents to industrial customers. Absorbents are consumed in the capture process and require periodic replacement, providing recurring revenue. Revenue is generated from both initial supply and ongoing replacement cycles as the solvent degrades over time.
2. Carbon Capture Process Engineering & Simulation: Customized process simulation and capture system engineering services tailored to each customer's flue gas characteristics. Includes FEED (Front-End Engineering Design) for 1MW NGCC carbon capture and process optimization studies.
3. Anti-Degradation Agent Supply: Supply of degradation inhibitors alongside CO₂ absorbents to extend solvent life and maintain capture efficiency, bundled with absorbent sales.
4. Environmental Hazard Assessment Services: Quantitative assessment of environmental hazards from capture processes per the Clean Air Conservation Act, supporting safe and sustainable technology deployment for customers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

CE-TEK (씨이텍) develops and manufactures proprietary wet (aqueous amine-based) CO2 capture absorbents — MABSol® for high-concentration CO2 flue gas (≥10%) and CT-1® for low-concentration CO2 flue gas (<10%) — and supplies them together with process engineering, simulation, and environmental hazard assessment services to industrial emitters. The low-water-series solvent technology reduces regeneration energy by 40–45% versus conventional 30wt% MEA solvents, approximately doubling CO2 absorption capacity.

Product overview

CE-TEK offers a portfolio of proprietary CO₂ capture solutions centered on two main absorbent products—MABSol® for high-concentration (≥10% CO₂) applications and CT-1® for low-concentration (<10% CO₂) applications—both based on a low-water solvent technology that reduces regeneration energy by 40-45% compared to conventional MEA-based absorbents. These core products are complemented by engineering services including process simulation/engineering (using Aspen Plus and MATLAB), R&D consulting, and environmental hazard assessment. The company serves power generation, steel, cement, petrochemical, hydrogen production, and maritime/shipping industries with tailored capture solutions.

Differentiator

Problem solved

Functional benefit

Brands

• MABSol®: High-concentration CO2 flue gas optimized absorbent (CO2 concentration above 10%), achieving approx. 2x absorption capacity vs MEA and 45% regeneration energy reduction. Applied to coal/gas power, steel, petrochemical industries.
• CT-1®

Products and services

• MABSol® High-Concentration CO2 Absorbent

Quantifiable outcome

• 40–45% reduction in regeneration energy vs. 30wt% MEA
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered supporting and core.

• SK InnovationsupportingStrategic or Co-development Partner · 22 May 2025CE-TEK was selected for SK Innovation's Egg 5 program (environmental pollution reduction track), operated together with Startup Korea. SK Innovation provides 1 year of business cooperation, R&D infrastructure access, demo day support, and customized mentoring. This follows SK Innovation's existing E&S subsidiary's collaboration with CE-TEK.
• HD Korea Shipbuilding & Offshore Engineering (HD한국조선해양)coreStrategic or Co-development Partner · 23 February 2024CE-TEK signed a Joint Development Agreement (JDP) with HDKSOE and Hyundai Heavy Industries Power Systems for the development of Onboard Carbon Capture System (OCCS). HDKSOE provides site and utilities for pilot facility construction in Ulsan. CE-TEK supplies its CT-1 amine absorbent and carbon capture system technology for shipboard applications.
• Hyundai Heavy Industries Power Systems (현대중공업파워시스템)coreStrategic or Co-development Partner · 23 February 2024CE-TEK signed a JDP with HPS and HDKSOE for OCCS development. HPS is responsible for designing and fabricating the pilot capture facility. CE-TEK supplies CT-1 absorbent and system technology. A domestic technology use agreement for MABSol was previously signed with HPS in 2021.
• DNV (노르웨이 선급)supportingTechnology or Integration · 23 February 2024DNV (Det Norske Veritas), the Norwegian ship classification society, joined the OCCS JDP as a partner, providing classification and certification support for the onboard carbon capture system being developed by CE-TEK, HDKSOE, and HPS.
• University of Texas at Austin TxCMPsupportingTechnology or Integration · 1 January 2024CE-TEK signed a research collaboration agreement with University of Texas at Austin's TxCMP (Texas Carbon Management Program) to extend CT-1 application research to natural gas power generation markets.
• Bucheon Industrial Promotion Agency (부천산업진흥원)supportingStrategic or Co-development Partner · 1 January 2024CE-TEK was selected for the Bucheon Industrial Promotion Agency's Startup Leap Package Support Project in 2025, which provides business support and growth assistance for selected startups.
• University of Kentucky CAER (美켄터키대학교)coreTechnology or Integration · 1 January 2022CE-TEK signed a research collaboration agreement with University of Kentucky's Center for Applied Energy Research in 2022. The partnership enabled a 0.7MW-scale pilot demonstration of CT-1 absorbent, which is the largest pilot-scale CO₂ capture test in the US. This demonstration validated CT-1 as a world-class CO₂ absorbent.
• Korea Institute of Energy Research / Energy Technology Research Institute (에너지기술研究院)coreStrategic or Co-development Partner · 16 June 2021CE-TEK partnered with KIER and SK E&S in June 2021 to sign a cooperation agreement for 'CO₂ capture technology advancement and demonstration/commercialization research.' KIER contributes its national research institute expertise in energy technology, and the partnership focuses on wet capture technology optimization for LNG power and hydrogen production.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Aker Carbon Capture: Norwegian listed company providing proprietary amine-based post-combustion CO₂ capture solutions (Mobile Test Unit, Just Catch) for industrial emitters. Closest direct comparable to CE-TEK's MABSol/CT-1 wet amine solvent offering.
• Carbon Clean: UK-based provider of modular amine-based post-combustion CO₂ capture (CycloneCC) for industrial hard-to-abate sectors. Comparable technology stack and customer base to CE-TEK's MABSol/CT-1 absorbents.
• ION Clean Energy: US-based developer of proprietary non-aqueous amine solvent (ICE-1) for post-combustion CO₂ capture targeting cement, steel, and refining. Closely comparable solvent-technology approach to CE-TEK.

Broad incumbents

• Mitsubishi Heavy Industries (CCS/CO2MPACT, KM-CDR): Operates KM-CDR amine-based CO₂ capture technology with multiple commercial deployments globally. Larger diversified industrial conglomerate with overlapping CCS solvent/process offering.
• Shell CANSOLV: Shell's amine-based gas treating and CO₂ capture business with established DC-103 and related solvent systems. Competes in the same amine solvent category as MABSol and CT-1.
• Honeywell UOP (CO₂ Capture Solutions): Provides Selexol, Rectisol, and amine-based gas processing/CO₂ capture technologies as part of a broad process technology portfolio. Overlaps with CE-TEK in solvent-based gas/CO₂ separation.
• Saipem (CO₂ Capture): Italian EPC and technology company offering amine-based post-combustion CO₂ capture (e.g., for Eni and other industrial clients). Overlaps with CE-TEK's capture process and solvent engineering scope.

Regional players

• JFE Engineering: Japanese engineering firm with proprietary amine-based CO₂ capture technology (KM-CDR-adjacent) and commercial pilots for power and steel. Comparable wet-amine technology serving hard-to-abate sectors in a neighboring East Asian market.

Emerging players

• Wärtsilä / Marine Power (OCCS adjacent): Marine engine and systems provider with emerging onboard carbon capture pilots for LNG-fueled vessels. Adjacent but partial overlap with CE-TEK's CT-1 OCCS offering for the same maritime customers.
• C-Quest Capital / CarbonOrO (post-combustion capture): Emerging player in amine- and mineral-based post-combustion CO₂ capture for industrial emitters. Smaller scale than CE-TEK's Korean enterprise customer base but comparable solvent category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cytech