Cormetech
Cormetech is a U.S. manufacturer of SCR catalyst systems and carbon capture adsorber technology serving power generation utilities, refineries, marine operators, and hyperscale data centers with stationary emissions control and CO2 capture solutions across 2,500+ global installations.
- Company typePrivate
- Founded1989
- HeadquartersCharlotte, United States
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Cormetech does
Cormetech designs, manufactures, and services environmental catalyst systems used to reduce air pollution from stationary sources, with a 35-year operating history and a global installed base of more than 2,500 selective catalytic reduction (SCR) systems covering over 300,000 MW of generating capacity. Its core offering is a portfolio of titanium dioxide-based ceramic honeycomb SCR catalysts — including the DUSTBUSTER, METEOR, COMET, and ELITE product lines — engineered for NOx reduction, mercury oxidation, and multi-pollutant control across coal-fired power plants, natural gas turbines, refineries, petrochemical facilities, and marine vessels. The company operates three U.S. manufacturing and regeneration facilities in Durham, NC, Cleveland, TN, and Kings Mountain, NC, and holds the sole U.S. patent on catalyst regeneration technology, which restores spent catalyst activity to OEM specifications at roughly 50% of new-catalyst cost while supporting a 100% recyclable titanium feedstock loop.
The business model combines one-time catalyst hardware sales with recurring managed services, including C360 lifecycle management, catalyst regeneration and recycling, field inspection, installation, on-line cleaning, ice blasting, AIG tuning, DCS data analysis, and forecasting — a service mix that creates stickiness with a customer base of 400+ utilities, industrials, and marine operators where over 80% of relationships exceed ten years. Cormetech sells direct to enterprise customers via technical field sales and is now extending its platform into carbon capture through the patent-pending CORAL and PATHWAY adsorber technologies targeting both Point Source Capture (natural gas power and industrial flue gas) and Direct Air Capture, supported by $5.125M in U.S. Department of Energy funding and a full-scale MOU with Ozona CCS targeting 2025 operations. In June 2026, Johnson Matthey Plc signed a definitive agreement to acquire Cormetech for $360 million in cash plus a potential $100 million earn-out at a 10.3x multiple on 2026 expected EBITDA, with closing expected mid-2026 and a strategic rationale centered on stationary emissions exposure to the expanding U.S. data center power market.
Cormetech firmographics
Firmographics- Name
- Cormetech
- Legal name
- CORMETECH Inc.
- Website
- https://cormetech.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Cormetech is a U.S. manufacturer of SCR catalyst systems and carbon capture adsorber technology serving power generation utilities, refineries, marine operators, and hyperscale data centers with stationary emissions control and CO2 capture solutions across 2,500+ global installations.
- Ownership category
- akta.pro rank
Cormetech industry classification
Industry- Product category
- Industrial Emissions Control Catalysts and Carbon Capture Adsorbers
- NAICS
- Chemical Manufacturing (325), Basic Chemical Manufacturing (3251), Other Basic Inorganic Chemical Manufacturing (325180)
- SIC
- Chemicals & Allied Products (2800), Industrial Inorganic Chemicals (2810)
- akta.pro primary industry
- Environmental & Emissions Control Catalysts (DeNOx/DeSOx/DOC/CO Oxidation) (IMAEAIAC)
- akta.pro secondary industries
- Water Treatment Adsorbents (GAC/PAC/Media) (IMAEAIAK), Post-combustion Capture Systems (Solid Sorbents & Structured Adsorbents) (EUABAGAB), Capture Solvents, Sorbents & Catalysts Supply (Formulation, Manufacturing, Reclamation) (EUABAGAJ)
Keywords
Where Cormetech is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Cormetech business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- SCR Catalyst Products: Sale of selective catalytic reduction catalysts including DUSTBUSTER, METEOR, COMET, ELITE, and specialty catalysts for NOx reduction in power plants, turbines, and industrial applications.
- Catalyst Management Services: Full suite of services including inspection, testing, installation, on-line cleaning, ice blasting, AIG tuning, DCS data analysis, and forecasting for SCR systems.
- Catalyst Regeneration & Recycling: C360 lifecycle management service providing catalyst regeneration and recycling to extend product life and reduce landfill waste. Regeneration restores activity to original OEM level at 50% lower cost.
- Carbon Capture Technology: Point Source Capture and Direct Air Capture solutions using CORAL adsorber technology. Includes development and deployment of CO2 capture systems.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Cormetech product offering
Product offeringCore offering
Cormetech designs, manufactures, and services titanium-dioxide-based ceramic honeycomb selective catalytic reduction (SCR) catalysts sold under brands such as DUSTBUSTER, METEOR, COMET, and ELITE to reduce NOx, mercury, CO, and VOC emissions from coal-fired, gas-fired, refinery, petrochemical, and marine engines. The company also develops and sells patent-pending CORAL carbon capture adsorbers and PATHWAY modular Point Source Capture systems for Direct Air Capture and Point Source CO2 capture, supported by its C360 lifecycle management service covering installation, regeneration, recycling, and field catalyst management.
Product overview
Cormetech is a global leader in emissions control technologies offering a comprehensive portfolio of selective catalytic reduction (SCR) catalysts, oxidation catalysts, and carbon capture solutions. The product lineup includes branded catalyst products (DUSTBUSTER®, METEOR™, COMET™, ELITE™) addressing specific applications from high-dust coal environments to multi-pollutant gas turbines, supported by specialized carbon capture technologies (CORAL™, Point Source Capture, Direct Air Capture) and comprehensive lifecycle management services (C360). The company operates three U.S. manufacturing facilities and provides catalyst regeneration and recycling services.
Differentiator
Problem solved
Functional benefit
Brands
- CORAL: Proprietary and patent-pending adsorber technology at the heart of every CORMETECH carbon capture solution, applicable to both Direct Air Capture (DAC) and Point Source Capture (PSC) systems.
- PATHFINDER
- DUSTBUSTER
- METEOR
- COMET
- ELITE
- C360
- PATHWAY
Products and services
- DUSTBUSTER SCR Catalyst Advanced extruded ceramic-honeycomb SCR catalyst designed for high-dust environments such as coal-fired power plants, with optimized channel geometry for ultra-low plugging potential and superior erosion resistance.
- METEOR Multi-Emission Catalyst Multi-emission catalyst platform that simultaneously reduces NOx and oxidizes CO, VOCs and THCs to compliance levels while minimizing NH3 slip within a single catalyst layer, designed for combustion turbines and internal combustion engines.
- COMET SCR Catalyst Next-generation mercury oxidation catalyst specifically formulated to maximize mercury oxidation (Hg0) using higher-surface-area honeycomb technology for coal-fired power plants to meet MATS standards.
- ELITE SCR Catalyst Ultra-high surface area catalyst with ultra-high surface area module design providing the lowest achievable pressure drop for SCR systems in natural gas and hydrogen power plants, reducing pressure drop by 60-75% over alternative designs.
- Standard Temperature SCR Catalyst Most commonly applied SCR catalyst worldwide, customized with specialty compositions and geometries for optimal performance at operating temperatures typically 300F-800F for combined cycle, refinery, petrochemical, and industrial applications.
- High NO2 SCR Catalyst SCR catalyst specifically formulated to achieve high NOx removal efficiency and low slip even with high NO2/NOx ratios typical during startup/shutdown and partial load conditions in combustion turbines.
- Honeycomb Coal SCR Catalyst High performance catalyst designed for coal-fired applications with compositions that minimize deactivation caused by poisons such as arsenic and calcium oxide deposits, featuring next-generation manufacturing technology with thinner walls for greater open areas.
- CORAL Carbon Capture Technology Patent-pending adsorber technology at the heart of all Cormetech carbon capture solutions, using functional walls embedded within a honeycomb structure to capture CO2 from both point source and direct air capture applications.
- Point Source Capture (PSC) Systems Full Point Source Capture system solutions to capture CO2 from flue gas of natural gas power plants and industrial facilities before it enters the atmosphere, including the PATHFINDER development program for accelerated system development.
- Direct Air Capture (DAC) Adsorbers Custom-designed CO2 adsorbers for direct air capture systems, maximizing system performance at the lowest possible cost through partnership with leading DAC developers.
- C360 Lifecycle Management Service Full lifecycle management service covering manufacture, installation, regeneration, and recycling of catalysts and adsorbers to achieve new performance at 50% lower cost with decreased carbon footprint.
- SCR Catalyst Management Services Comprehensive suite of services including inspection, testing, installation, DCS data analysis, on-line cleaning, ice blasting, AIG tuning, and forecasting for SCR catalyst management.
- PATHWAY CO2 Capture Next-generation modular adsorber technology for carbon capture that offers cost efficiency, smaller footprint, and superior operational flexibility during unit startup and shutdown compared to liquid amine systems.
Quantifiable outcome
- NOx emissions reduced by up to 95%
- +5 more outcomes
Companies that use Cormetech
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles5 records
Cormetech technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Cormetech partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, major and minor.
- Ozona CCS LLCcoreCORMETECH and Ozona entered into MOU to collaboratively design, construct, and operate a full-scale carbon capture and sequestration (CCUS) system with integrated NOx reduction. The system captures, transports, and sequesters CO2 from flue gas generated by natural gas-powered engines. This pioneering project, expected to be operational by end of 2025, will be one of the first full-scale systems to profitably capture and sequester CO2 from flue gas in the United States. Ozona selected CORMETECH's PATHWAY modular adsorber technology over liquid amine systems for its cost efficiency, smaller footprint, and environmental benefits.
- U.S. Department of Energy (DOE)coreCORMETECH received DOE funding totaling $5.125 million across two projects: (1) $3.125 million for Point Source Capture development to optimize low-cost CO2 capture from Natural Gas Combined Cycle Plants, with partners Southern Company, Middle River Power, Global Thermostat, and Zero Carbon Partners; (2) $2 million+ for Direct Air Capture technology advancement with partners Global Thermostat and Georgia Institute of Technology.
- Southern CompanymajorPartner in DOE-funded Point Source Capture initiative to develop and optimize CO2 capture technology from Natural Gas Combined Cycle Plants. Research collaboration includes planned deployment of pilot PSC unit at U.S. National Carbon Capture Center.
- Global ThermostatmajorPartner in both DOE-funded Point Source Capture and Direct Air Capture projects, collaborating on carbon capture technology development and optimization.
- Georgia Institute of TechnologymajorAcademic research partner in DOE-funded DAC technology advancement project focused on increasing CO2 captured from atmosphere while reducing energy required for DAC system operation.
- Middle River PowerminorPartner in DOE-funded Point Source Capture initiative for CO2 capture technology development from natural gas power plants.
- Zero Carbon PartnersminorPartner in DOE-funded Point Source Capture initiative supporting development of CO2 capture solutions for natural gas power sector.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Cormetech competitors and assessment
Company assessmentDirect peers
- Johnson Matthey: Global leader in precious metals and catalysis with overlapping stationary and mobile emissions control portfolios. Direct competitor in SCR catalysts and Cormetech's pending acquirer, providing the cleanest product-and-customer overlap in the peer set.
- Clariant: Specialty chemicals company with a dedicated Catalysts business producing SCR and emissions control catalysts for industrial and power generation applications, comparable in product scope and customer mix to Cormetech.
- Fuel Tech: U.S.-based provider of emissions control technologies and SCR systems for utility and industrial customers, with overlapping customer base in coal-fired power generation and refinery/petrochemical segments.
- Babcock Power Environmental: Engineering firm focused on emissions control and SCR systems for utility and industrial customers in North America. Comparable in customer base and complementary to Cormetech's catalyst manufacturing focus.
Broad incumbents
- BASF: Diversified chemical giant with a large Environmental Catalyst and Metal Solutions division supplying SCR catalysts and emissions control technologies to power generation, industrial, and automotive markets. Overlaps with Cormetech's SCR portfolio at scale.
- Honeywell UOP: Honeywell's process technology arm supplies catalysts (including SCR) and gas processing technologies to refineries and petrochemical operators—directly overlapping Cormetech's refinery/petrochemical customer segment.
Emerging players
- Topsoe: Danish catalysis and technology company with growing focus on carbon capture (CCS) solutions, including SNOX and solid sorbent technologies. Comparable to Cormetech's CORAL/PATHWAY ambitions in the emerging CO₂ capture market.
- Global Thermostat: Direct Air Capture technology developer; active DOE-funded collaboration partner with Cormetech on DAC adsorber development. Comparable as an early-stage carbon capture peer with shared development milestones.
- Aker Carbon Capture: Norwegian carbon capture pure-play deploying amine-based post-combustion capture systems, the primary competing technology to Cormetech's solid-sorbent PSC approach for industrial and power-sector CO₂ capture.
Regional players
- Mitsubishi Heavy Industries: Cormetech's original 1989 JV partner and a major player in environmental systems, including flue gas desulfurization and SCR catalysts for power and industrial customers, particularly in Asia.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Cormetech social profiles
Digital presenceCormetech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cormetech leadership team
Management profileNumber of profiles
Profiles14 records
Cormetech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cormetech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cormetech
What does Cormetech do?
Cormetech designs, manufactures, and services titanium-dioxide-based ceramic honeycomb selective catalytic reduction (SCR) catalysts sold under brands such as DUSTBUSTER, METEOR, COMET, and ELITE to reduce NOx, mercury, CO, and VOC emissions from coal-fired, gas-fired, refinery, petrochemical, and marine engines. The company also develops and sells patent-pending CORAL carbon capture adsorbers and PATHWAY modular Point Source Capture systems for Direct Air Capture and Point Source CO2 capture, supported by its C360 lifecycle management service covering installation, regeneration, recycling, and field catalyst management.
Is Cormetech a public or private company?
Cormetech is a private company. It is classified as private equity controlled and is currently operating.
When was Cormetech founded?
Cormetech was founded in 1989. It employs 251 to 500 people.
Where is Cormetech based?
Cormetech is headquartered in Charlotte, United States, in the North America region.
How does Cormetech make money?
Four revenue lines are on record. SCR Catalyst Products are the primary driver. The others are catalyst Management Services, catalyst Regeneration & Recycling and carbon Capture Technology.
Who are Cormetech's main competitors?
Direct peers on record are Johnson Matthey, Clariant, Fuel Tech and Babcock Power Environmental. Broad incumbents are BASF and Honeywell UOP. Emerging players are Topsoe, Global Thermostat and Aker Carbon Capture. Mitsubishi Heavy Industries is listed as a regional player.
Does Cormetech have an API?
No public API is recorded for Cormetech.
What industry is Cormetech in?
Cormetech's product category is Industrial Emissions Control Catalysts and Carbon Capture Adsorbers. Its primary akta.pro industry code is IMAEAIAC, Environmental & Emissions Control Catalysts (DeNOx/DeSOx/DOC/CO Oxidation), with a secondary code of IMAEAIAK, Water Treatment Adsorbents (GAC/PAC/Media). Its NAICS code is 325 and its SIC code is 2800.