WEST LAFAYETTE, Ind. - Swift Fuels, Purdue University and the Purdue Research Foundation have entered into a collaborative research agreement to work to develop and commercialize new fuel-related technologies.
Swift Fuels, based in the Purdue Research Park in West Lafayette, develops proprietary techniques to enhance the value of fuels, which it then licenses to industrial oil and gas companies. The agreement calls for faculty and researchers at Purdue's Davidson School of Chemical Engineering to work with Swift Fuels on the technologies.
"This collaboration is ideal for Swift Fuels because it gives us access to world-class researchers to help advance our technologies," said Chris D'Acosta, CEO of Swift Fuels.
Sangtae Kim, the Jay and Cynthia Ihlenfeld Head and Distinguished Professor of Chemical Engineering, said the collaboration provides an opportunity for leading-edge research in fuels.
"This new relationship adds another dimension of technical focus from our chemical engineering experts to work with Swift Fuels on fuel-related technologies," Kim said.
Under the five-year collaborative agreement, Swift will have certain rights to technologies created under this project. The work is supported in part through public-private partnership initiatives with Purdue's Davidson School of Chemical Engineering and the Indiana Economic Development Corporation designed to advance partnerships and opportunities in the energy sector.
About Swift Fuels, LLC
Swift Fuels is a private research and development company focused on proprietary new technologies to produce high-value fuels in the marketplace. Swift Fuels business offices and laboratory are located in the Purdue Research Park in West Lafayette, Indiana.
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About Purdue Research Foundation
The Purdue Research Foundation is a private, nonprofit foundation created to advance the mission of Purdue University. Established in 1930, the foundation accepts gifts; administers trusts; funds scholarships and grants; acquires property; protects Purdue's intellectual property; and promotes entrepreneurial activities on behalf of Purdue. The foundation manages the Purdue Foundry, Purdue Office of Technology Commercialization, Purdue Research Park and Purdue Technology Centers. The foundation received the 2016 Innovation and Economic Prosperity Universities Award for Innovation from the Association of Public and Land-grant Universities. For more information about funding and investment opportunities in startups based on a Purdue innovation, contact the Purdue Foundry at firstname.lastname@example.org.