Catacel Names Lubrizol VP Ed Richards to its Board of Directors


08/08/2013

 

Ed Richards first Aug blog_REVAt its July shareholders meeting, high-performance catalyst manufacturer Catacel Corp., of Garrettsville, Ohio, elected Ed Richards to its board of directors.

Richards is vice president, business development, for The Lubrizol Corp.’s Corporate Development and Planning Group.


In this position, Richards is responsible for the company’s business development activities, including acquisitions, strategic alliances and commercial development. 

He holds a Bachelor of Science degree in chemistry from Cleveland State University and is a member of the American Chemical Society, the Society of Automotive Engineers and the Ohio Venture Association.

 

Richards joined Lubrizol in 1985 and held multiple roles of increasing responsibility in sales, marketing and business development. In 2006, he took the role of CEO for Engine Control Systems Ltd., where he guided the company through two ownership changes. He also served as president of EPR Consulting Services, where he supported various entrepreneurs, emerging technology firms and high-growth, early stage companies by creating strategic market and business plans while occupying interim CEO roles. Richards also provided consulting services to the Energy Enterprise Division of Nortech, a regional nonprofit technology-based economic development organization serving Northeast Ohio, before accepting his current role with Lubrizol in 2012.
 

“Ed’s experience and skill set make him an ideal addition to the Catacel team.” says Gary McDaniel, Catacel CEO. “With the increasing global uptake of our products and awareness of our technologies, Catacel is experiencing rapid growth and a variety of strategic opportunities that promise tremendous rewards if navigated correctly.  Ed has the background and savvy to make immediate and long-lasting contributions to our company during this critical and exciting time.”
 

Catacel designs and manufactures structured catalysts, a technology in which catalysts are coated onto thin foil structures that are designed to address heat transfer, throughput and pressure drop requirements in reactors found in systems ranging from stationary fuel cells to industrial hydrogen steam methane reformers. Catacel’s structured catalysts typically move heat into or away from a catalytic reaction with much higher efficiency than does the legacy technology, catalyst-coated ceramic pellets.  Superior heat transfer and reduced pressure drop mean fuel consumption for endothermic reactions such as steam methane reforming can be reduced by as much as 30 percent without change to reformate production. Similarly, exothermic reactions, those that create heat such as combustion reactions do, can be tapped for higher heat recuperation using Catacel structured catalyst technology, leading to additional system performance gains.

For more information, visit www.catacel.com.

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