Greener Process Systems

Reducing Port Air Pollution

Greener Process Systems

Reducing Port Air Pollution

Boca Raton, FL
Clean Technology
Greener Process Systems is an eco-engineering, cleantech company that is revolutionizing air pollution capture technology. We have developed a cutting-edge system that captures air pollution from oceangoing ships docked in ports. By reducing the impact of ship emissions, Greener Process will be able to improve air quality worldwide and prevent further health implications for near-port communities disproportionately affected by harmful pollutants. Greener Process is currently in the build stage now for our Italy installation.

$33,377

raised
41
Investors
$20M
Valuation
$1.95
Price per Share
$249.60
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$33,377

raised
41
Investors
$20M
Valuation
$1.95
Price per Share
$249.60
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

Rewards

Get rewarded for investing more into Greener Process Systems:

$250+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$1,000+
Investment
$1,000+ | Tier I
Receive 5% bonus shares.
$2,500+
Investment
$2,500+ | Tier II
Receive 10% bonus shares.
$5,000+
Investment
$5,000+ | Tier III
Receive 15% bonus shares.
$10,000+
Investment
$10,000+ | Tier IIII
Receive 20% bonus shares.
$100,000+
Investment
$100,000+ | Tier V
Receive 25% bonus shares

Reasons to Invest

Greener Process Systems has developed SETH™ - short for “Ship Emissions Treatment in Harbor”- a revolutionary technology to capture and reduce port air pollution to near zero.
Government regulations are requiring ports all over the world to reduce emissions over the next decade. We have identified a total addressable market worth $27B when accounting for the more than 4,200 berths in over 2,000 main ports globally.*
Greener Process Systems has received a $10 million purchase order to install all three versions of our SETH™ systems in the EU over the next 18-24 months.

*Information provided by the National Law Review (source). Market assessment conducted internally by Greener Process Systems using information provided by TransportGeography.org (source).

Greener Process Systems is developing an immediate answer to a global health crisis

Pollution is a harrowing worldwide problem with dire consequences. A study conducted by the EPA showed that around 70% of pollution* in urban areas located close to ports was caused exclusively by the nearby stationing ships. The emissions from these ships contain toxic and cancerous pollutants that are directly linked to respiratory problems and cancer. (source)

*Source: APAT 2005 Review, Ports of Reference: Naples, IT 63% – Cagliari, IT 77%


*The above images are a computer-generated rendering. Product is still currently under development.


At Greener Process Systems we have spent the better part of two decades developing a system to capture air pollution effectively. Our working prototype, SETH™ - short for “Ship Emissions Treatment in Harbor” - attaches to the smokestacks of docked ships using advanced robotics, to capture emissions. This ship exhaust is then filtered, a process which eliminates harmful air pollutants with 98% effectiveness.


*The above images are a computer-generated rendering. Product is still currently under development.


SETH™ is not a future technology or an alternative to traditional energy. It allows for the continued use of fossil fuels, saves freight companies and cruise lines money, preserves and creates jobs, all while cleaning the environment. Because of this, we believe SETH™ is the next step towards making an immediate, positive impact on the environment and health issues the world is facing today. 

The Problem


Rises in respiratory issues and cancer cases have been linked to port emissions

The EPA has discovered that “near-port communities are often disproportionately impacted by air emissions” due to stationed ships (source). On average, one large oceangoing ship emits the equivalent of 20,000 cars not equipped with catalytic converters (source). When accounting for the multiple freight or cruise ships that even low-traffic ports see per day, this overwhelming amount of emissions presents a dire problem considering that 80-90% of all international trade takes place via sea freight shipping (source).


(source)


Ports are the backbone of the United State and global economy, however, the health and environmental issues that shipping emissions cause are undeniable. While freight companies and cruise lines are developing alternative and green fuels, the decades-old problem of toxic ship emissions must be addressed now before even more harm can be done. 


The Solution


SETH™ can provide ports with up to 98% emissions abatement for docked ships

Greener Process Systems has developed SETH™, a revolutionary technology to capture and reduce port air pollution to near zero. Our patented technology attaches to the smokestacks of ships using advanced robotics, and is up to 98% effective at removing emissions. Once captured, SETH™ filters the ship exhaust into a small amount of dry particles that can easily be disposed of or potentially even repurposed. 


*The above images are a computer-generated rendering. Product is still currently under development.


The data from this abatement process provides a snapshot of SETH's effectiveness:

  • NOx removal effectiveness 90%
  • SOx removal effectiveness 95%
  • Diesel Particulate removal effectiveness 98%
  • Heavy Metals removal effectiveness 98%
  • The system also breaks down CO2 as a secondary reaction of the neutralization of SOx by means of alkaline sorbents.
  • CO2 abatement in average conditions (for small tonnage ships) is about 100 tons/year/ship*. CO2 abatement in average conditions up to 1000 tons/year/ship* (for medium tonnage ships).

*The values can change according to the temperature of the fumes given to the treatment and the size of the vessel power source.


In order to accommodate the multitude of ships in the world, we developed three versions of SETH™ to ensure nearly every freighter and cruise ship on the planet can benefit from our technology without the need for any sort of retrofitting. SETH™ can be deployed as a hybrid barge, an on-land rail-mounted system at the port's berth, or as an all-electric, smart eco-barge custom engineered by Greener Process Systems. This flexibility will allow for any major dock around the world to find the specific integration solution they need. 


*The above images are a computer-generated rendering. Product is still currently under development.


Likewise, this flexibility is extended to the stationed ships, who would no longer need to transition to the more expensive and less harmful fuel they often begin to burn when docking in occupied areas. With SETH™, freight ships will be able to burn the fuel they use when out on the open sea while at port without fear of harmful consequences to the environment and nearby residents.


Our business model is anticipated to stem from several sources of revenue. Primarily Greener Process Systems will sell SETH™ to ports around the world, as globally, port operators are being mandated to reduce their emissions by target dates. These costs are then expected to be passed along to the freight ships and ocean liners, who will be able to justify the costs with their fuel savings. In addition, there are advertising opportunities on the operating equipment which we are exploring currently as a continual source of revenue.



The Market


More than 2,000 main ports globally, presenting a $27B opportunity

Government regulations are requiring ports all over the world to reduce emissions over the next decade (source). There are thousands of ports worldwide that would benefit from our capture system as they search for a solution to reach these emission goals. Greener Process Systems has identified a total addressable market of $27B globally when accounting for the more than 4,200 berths in over 2,000 main ports*. Regionally, this consists of a $11B+ US market and a $10B+ European market. 

*Market assessment conducted internally by Greener Process Systems using information provided by TransportGeography.org (source).



We believe SETH™ to be a first-of-its-kind technology that no other company on the planet has been able to achieve. Previous attempts to reduce emissions, such as the practice of cold ironing - turning off the ship's engine & plugging into an on-shore electrical supply - bring up concerns of power grid sustainability, while also being an expensive option for ship owners who would have to retrofit their vessels. Additionally, shore power for commercial marine vessels in the United States is relatively new and, at present, not commonly available. Apart from the aforementioned concerns, many ports do not even have the appropriate infrastructure to connect to vessels with shore power components at all.

Our Traction


A $10M purchase order secured, along with a growing patent portfolio

Our story has been 15 years in the making and we’re nearly ready to reduce emissions and improve air quality on a global scale. We have successfully built a working prototype of SETH™ that can cut emissions by a whopping 98%, and are currently in the process of securing US patents for our ship emission capture system. To date, Greener Process Systems has already secured the patent for SETH™ in the EU.


*The above images are a computer-generated rendering. Product is still currently under development.


Most excitedly, we have a $10 million purchase order to install all three versions of our SETH™ systems in the EU over the next 18 months. Europe will have the first SETH™ system, and once tested in official capacity, Greener Process will be able to deploy additional emission capture systems to other ports and countries worldwide.

Why Invest


Greener Process Systems is dedicated to improving Earth's environment

Greener Process Systems presents the rare opportunity to make a near-term difference in the health of our planet and its inhabitants. SETH’s potential to drastically reduce emissions on a global scale is immense, and our leadership has the knowledge and experience to realize this game-changing technology. 


Join our journey of improving air quality abroad by reducing ship emissions of urban areas near ports. Become a shareholder in Greener Process Systems today.


*The above images are a computer-generated rendering. Product is still currently under development.


Offering Summary


Company

:

Greener Process Systems Inc.

Corporate Address

:

980 North Federal Highway, Suite 110, Boca Raton, FL 33432

Offering Minimum

:

$9,999.60

Offering Maximum

:

$1,069,998.15

Minimum Investment Amount

(per investor)

:

$249.60











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

5,128

Maximum Number of Shares Offered

:

548,717

Price per Share

:

$1.95

Pre-Money Valuation

:

$20,003,100.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*

Time-Based:

Friends and Family Early Birds

Invest within the first 3 days and receive 20% bonus shares.

Super Early Bird Bonus

Invest within 7 days and receive 15% bonus shares.

Early Bird Bonus

Invest within the first 14 days and receive 10% bonus shares.

 

Amount-Based:

$1,000+ | Tier I

Receive 5% bonus shares.

$2,500+ | Tier II

Receive 10% bonus shares 

$5,000+ | Tier III

Receive 15% bonus shares 

$10,000+ | Tier IIII

Receive 20% bonus shares 

$100,000+ | Tier V

Receive 25% bonus shares 

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Greener Process Systems Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.95 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $195. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

*Stacking perks only applies to the Owner's Bonus perk and Previous Backer perks. Time-based and Amount-based perks do not stack on top of each other, rather, the issuer will receive the greater of the two bonuses if they qualify for both.

Insider Investment Notice

Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.

The Company will not incur any irregular use of proceeds.


Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$16,427.00 USD
$0.00 USD
Cash And Cash Equivalents
$16,427.00 USD
$0.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$10,000.00 USD
$0.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$29,941.00 USD
$0.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$2,284.00 USD
$0.00 USD
Net Income
$8,973.00 USD
$8,973.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Check Out Our Latest Blog!

6 days ago

Want to Learn More About Cleaner Air?

7 days ago


Greener Process Systems has a mission to capture and reduce port air pollution to promote cleaner air


Greener Process Systems’s SETH™ is an emissions capturing system that reduces toxic chemicals released by ships up to 98%! Investing helps ports around the world meet new government regulations requiring reductions in emissions over the next decade. 


We invite you to learn more about Greener Process Systems by downloading our pitch deck. Read about our mission, our team of experts, our projected market, and how we plan to continue developing innovative solutions to growing environmental hazards. 


Invest in a viable solution to the threat of air pollution.


Invite your friends, family, and network to join our investor community today! 



Warmly,
Matt Sweetwood

Our Community Joins In! | Insider Investment Notice

11 days ago

We're excited to see our community come in and invest in Greener Process Systems!

Our Insiders have invested a total of $1298.70 into the offering! 

We hope you join in as well! Invest in Greener Process Systems

Please refer to the Company’s offering materials for further information and refer to the Company’s Risk Factors.

Check Out Our Latest Blog!

13 days ago


There have been a lot of recent changes in the investment world since the introduction of the JOBS Act. 


As we begin our campaign on StartEngine, we want our investor community to be fully informed about equity crowdfunding. 


Please check out our latest blog to learn more about equity crowdfunding and how the JOBS Act is benefitting investors and startups everywhere. 


Greener Process Systems has received a $10 million purchase order to install all three versions of our SETH™ systems in the EU over the next 18-24 months.


Invest in the air pollution solution today! 


Invite your friends, family, and network to join our investor community today! Together, we can make the earth a cleaner and greener place.



Warmly,

Matt Sweetwood

A Clean-Tech Startup Is Developing a Revolutionary Modular System to Capture Maritime and Industrial Emissions

about 1 month ago

Source: Yahoo!Finance

A Clean-Tech Startup Is Developing a Revolutionary Modular System to Capture Maritime and Industrial Emissions

Boca Raton, Florida (7/12/22): Greener Process Systems Inc, a South Florida based eco-engineering, cleantech company that is revolutionizing air pollution capture technology, filed a series of patents today that demonstrate their focus will expand to general industrial applications as well as further developments in CO2 capture, storage and re-utilization.

The company’s technology SETH™ (Ship Emission Treatment in Harbor) with focus maritime applications, is designed to create a hermetic seal between the ship smoke stacks and their filtration systems. Such a connection helps maintain the exhaust temperature throughout the filtration process not only to guarantee high efficiency in the abatement process but also to provide reusable energy through heat recovery. 

The company claims that their adopted filtration system utilizes a dry process that does not require any solvents or water and is highly efficient up to 95% on average removal of pollutants such as fine particulate matter, including sub-micron nuclei mode, nitrogen oxides (NOx), sulfur oxide (SOx) air toxins, heavy metals, diesel particulate and VOCs.

Both the high efficiency of filtration and the reusable energy source from the heat recovery in their current systems are fundamental for future development of CO2 capturing, storing & reutilization technologies. The high efficiency of filtration of pollutants enables absorbing beds to capture CO2, without the process being contaminated (eg., SOx & NOx, particulate matter). The re-usable energy recovered from the heat of the exhaust can be used to optimize the CO2 storing process.

The company has also become a participant in Research Park at Florida Atlantic University, which is considered Florida’s foremost university research park and whose mission is to promote scientific research and development.

Greener Process Systems is collaborating with universities like FAU in research projects and expanding their scope to industrial applications such as, glass furnaces, steel mills, etc. and by doing so is affirming a stronger position in the emission capture industry. 

Greener Process Systems is currently engaging in a SEC Regulation CF fundraise through StartEngine, which can be found here: https://www.startengine.com/greener-process-systems

To learn more visit https://greenerprocess.com/ 

CONTACT:

Matt Sweetwood, CEO

Greener Process Systems, Inc.

phone: 305-349-3522

email: matt@greenerprocess.com


https://finance.yahoo.com/news/clean-tech-startup-developing-revolutionary-124800362.html

Welcome Susan McCleary to the Greener Process Systems team

about 1 month ago


We would like to welcome Susan McCleary to the Greener Process Systems team.  Her role as Grant Administrator will include providing strategic and operational funding planning input, being a catalyst for continuous improvement, monitoring financial and grantmaking goals, and making adjustments to meet them while working closely with other collaborators, researchers, and key stakeholders to generate private and public funding for Greener Process Systems, Inc. She is a trained geoscientist who has an M.S.c in Geoscience Research and a Masters of Environmental Science from the University of Edinburgh, Scotland.


 

She is bringing with her a strong background in federal grant administration, grant writing, and research. She has spent recent years administering federal grants to disaster recovery recipients and rural broadband expansion grant recipients.  Some of her more interesting endeavors include being a US delegate to Cuba at the IX International Conference on the Environment and Development hosted by the Cuban Ministry of Science, Technology, and the Environment.  She also was part of a Scottish government-funded international research team that focused on sustainable transportation issues in Edinburgh Scotland. The research resulted in a successful Scotland Parliamentary presentation and adaptions of recommendations. With this exceptional background, we are excited about the role that she will play in Greener Process System's growth and development.

How Do Ships in Port Contribute to Air Pollution?

about 1 month ago

Ports are a vital part of the United States & world economy, with seaports, Great Lakes ports, and inland river ports serving as gateways for moving freight and passengers across the country and around the world. As nations adopt to meet economic and infrastructure demands, it is critical to understand the potential impacts on air pollution, greenhouse gases (GHGs), and the people living, working, and recreating near ports. Diesel engines are the modern-day workhorse of the shipping economy, and although they can be reliable and efficient, older diesel engines can emit significant amounts of air pollution. See our StartEngine page to learn more about how we are solving this problem and how you can be involved!


Invest Today For Super Early Bird Perks & 15% Bonus Shares!

about 2 months ago

Did you know we have a ~98% average pollutant abatement efficiency? This is attributed to SETH's™ reduction in the port's contribution to urban air pollution to less than 10% of the current total. Become a part of the solution and invest today to receive Super Early Bird perks with 15% bonus shares!


Greener Won Crowd Favorite On StartEngine Shark Pitch With Mr. Wonderful!

about 2 months ago

We were honored to sit down with Shark Tank's Kevin O'Leary and pitch Greener Process Systems! We were even more honored to win the crowd favorite! Check out the clip on YouTube and hang around until the end for a great exchange between our CEO Matt Sweetwood and Kevin O'Leary!

https://www.youtube.com/watch?v=QQQkGxufkH4&t=2492s


A Greener Thank You For The $15,000 Raised Milestone!

about 2 months ago

The team at Greener Process Systems is beyond excited to have hit the $15,000 investment mark after just a few hours on StartEngine! Thank you to our entire team across the globe for your hard work and a big thank you to our current and future investors as well! See our StartEngine page to learn more about how you can become an owner of Greener Process Systems and make the world a cleaner and Greener place!


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